Instruction on applying PIT to royalty income

The General Department of Taxation (GDT) sent Official Letter 508/TCT/TNCN dated February 17, 2005 to tax sub-departments of cities and provinces nationwide.
Under the above letter, if a person has an income that is from 500,000 dong upwards each time from scientific, technical, consultant services and others; royalties, commissions for intermediary activities, the person’s income will not be temporarily applied 10% personal income tax (PIT) based on the estimated total taxable income of less than 60 million dong a year.
[Official Letter 508/TCT/TNCN dated February 17, 2005]

 

Category: Legal