2022 Corporate Income Tax and Personal Income Tax Finalisation

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A presentation slide about the Business Analytics and 2 employee discussing

Online Friday, 10 Feb 2023 @ 7:15AM UTC(+7)

Webinar Accounting and tax

In Vietnam, monthly/quarterly Personal Income Tax (PIT) declarations and quarterly Corporate Income Tax (CIT) are just provisional declaration. Enterprises need to do the PIT and CIT finalisation at the year-end to settle the under or over tax declaration and tax payment during the year.

The deadline for 2022 PIT Finalization (for organisations) is 31 March (PIT is settled according to calendar year for all cases).

The deadline for 2022 CIT finalization is the end of the following quarter (CIT is settled according to the fiscal year).

In this webinar, we will highlight some important points that enterprises should note when doing the PIT and CIT finalisation for the year of 2022.

Please note that this webinar will be in Vietnamese.

Agenda:

PIT highlights:

How to review the monthly/quarterly PIT declarations to ensure there is no income/benefits of employees missing;
How to check the dependent declarations to ensure that it is in line with the current regulations and practice applying;
In which cases the employees cannot authorise employer to finalise their tax on behalf; and
What points enterprises should note when doing PIT finalisation for expatriates.

CIT highlight:

How to define deductible and non-deductible expenses
Temporary differences and permanent differences between accounting and tax
Adjust taxable income on tax finalisation
Losses carried forwards
Allocate CIT for dependent unit
Form 01 – Transactions with related parties

Speakers

Nguyen Nhac Thien An

Senior Manager Accounting and Tax

An Nguyen is a Vietnamese CPA and a fellow of the VICA. Prior to joining TMF, An was the Head of Accounting and Tax advisory of AGS and Assistant Manager of S&S Auditing and Consulting. She has extensive practical experience in accounting, working with tax authorities and external auditor with various foreign invested companies in many industries in Vietnam, especially in manufacturing industry.

Nguyen Thi Saly

Director HR and Payroll

Saly has more than 15 years of experience in HR and Tax consulting field including Payroll, Personal Income Tax and Labor compliance for local and expatriates. Saly possesses a broad knowledge of Labor Law, Personal Income Tax Law, Compulsory insurances and has extensive practical experience from diverse group of clients including Pharmaceuticals, Manufacturing, Financial Services and Representative Offices.