CIT levied on regular incomes based on average monthly incomes
Corporate income tax (CIT) applicable for regular incomes are calculated annually based on average monthly incomes. Accordingly, total annual income is divided into 12 months. If the average month income is less than the taxable income level, the individual does not have to pay CIT for the whole year.
[Official Letter 2694/TCT-TNCN dated August 9, 2005]
Category: Legal
