New regulations on the Law on Personal Income Tax

30/11/2010
On 5 November 2010, the Ministry of Finance issued Circular No. 175/2010/TT-BTC amending and supplementing Circular No. 84/2008/TT-BTC dated 30 September 2008 on Personal Income Tax.

Accordingly, the dossier for registration of personal income tax includes:

(i) A PIT registration form,

(ii) A copy of the valid Identity Card or Passport (no notarization is required). The time limit for issuance of tax code is 3 days if the dossier is lodged at the Tax Department or 5 days in the event of submission at the Branch of the Tax Department, counting from the receipt of a full and valid dossier.

The Circular shall take effect on 20 December 2010.

by Lawyers of Bizconsult Law Firm