In the case that the company sign a contract with landlord and pay the rental fee directly to the landlord. If the landlord is an enterprise, the company needs to request tax invoices for rental fee. If the landlord is an individual, a contract with the clear terms that who will pay the house rental tax to government is required.
In this case, the amount of rental fee will be treated as taxable income by the formula:
The amount subject to PIT = MIN of Actual amount paid rent AND 15% of the total taxable income (excluding house rent)
In case the employee enjoys benefits such as a house rent allowance according to the salary specified in the labor contract, the entire amount must be fully included in taxable income when calculating personal income tax.
- TAX TREATMENT WHEN BUYING SOFTWARE FROM OVERSEAS
- COMMON PRACTICE ON BASIC UNDERSTANDING OF FCT IN VIETNAM
- TAX POLICY IN VIETNAM FOR THE MEMBERSHIP FEE FROM ORGANIZATION WITHOUT USING INVOICE
- REGULATIONS ON WITHHOLDING TAX 10% ON THE PAYMENT TO FREELANCERS IN VIETNAM
- SCOPES OF RETAINER (ADVISORY) SERVICE FROM FREELANCE ACCOUNTANT VIETNAM
- NOTICE FOR TAX RISK WHEN THE SELLING PRICE IS LOWER THAN THE COST OF GOODS SOLD