Labour Regulations Update in March 2024

I. Official letter No. 684/TCT-DNNCN on the personal income tax (PIT) policy for compulsory insurance payments contributed overseas

On 27 February 2024, the General Department of Taxation issued the Official Letter No. 684/TCT-DNNCN providing the guidance on Personal Income Tax Policy for compulsory insurance payments contributed overseas (the Official Letter No. 684/TCT-DNNCN). 

According to the instructions in this Official Letter, in case the Taxpayer is an individual resident in Vietnam who is assigned to work as internal transfer within the Enterprise with oversea income from salaries, wages and has paid the mandatory insurance premiums according to the regulations of the country where the Taxpayer is a citizen similar to the compulsory insurance premiums prescribed in Vietnamese Law, those insurance premiums can be deducted before tax calculation in Vietnam.

II. Official letter No. 2783/CTTPHCM-TTHT providing the guidance for personal income tax finalization

On 18 March 2024, Ho Chi Minh City Tax Department issued the Official Letter No. 2783/CTTPHCM-TTHT guiding on Personal Income Tax (PIT) Finalization (the Official Letter No. 2783/CTTPHCM-TTHT)

Accordingly, the contents guided in the Official Letter No. 2783/CTTPHCM-TTHT are as follows:

Talentnet would like to note the following points: 

1. Deadlines for Personal Income Tax documents declaration and submission are as follows:: 
   • For income payer: The deadline for submitting tax finalization documents is the last day of March in the calendar year.
   • For individuals directly finalizing taxes: The deadline for submitting tax finalization documents is the last day of the April in the calendar year.
2. Tax Authorities encourage individuals to use electronic tax declaration and payment for individuals on mobile devices.

III. Official letter No. 13382/CTHN-TTHT on the documents for dependent registration

On 20 March 2024, Hanoi Tax Department issued the Official Letter No. 13382/CTHN-TTHT providing the guidance of documents for dependent registration (the Official Letter No. 13382/CTHN-TTHT). 

According to the instructions in this Official Letter: 

In case the Taxpayer registers dependent for deduction whose dependents are biological father or mother, father-in-law, mother-in-law, stepparents, legitimate adoptive parents, if they meets the conditions as prescribed in Point dd, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC, the supporting documents must be followed the instructions in Item g3, Point g, Clause 1, Article 9 of Circular 111/2013/TT-BTC, (amended in Article 1 of Circular No. 79/2022/TT-BTC), there is no requirement for the Taxpayer to declare the nursing obligation with dependents (form 07/XN-NPT-TNCN in Circular No. 80/2021/TT-BTC). The Taxpayer must commit and take responsibility for the accuracy of dependent information. 

In case the Taxpayer registers dependent for deduction whose dependents are biological father or mother, father-in-law, mother-in-law, stepparents, legitimate adoptive parents or other dependents according to the instructions in Item d.4, Point d, Clause 1, Article 9 of Circular 111/2013/TT-BTC in October 2023 with the starting month for dependent deduction from Jan 2023, the Taxpayer is able to be deducted for dependent deduction from Jan 2023 if the nursing obligation with the dependents is from Jan 2023. 

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