Hanoi Taxation Department has recently regulated that employers in Hanoi are liable to deduct personal income tax to pay into the state budget before paying salary for employees.
Accordingly, employers have to deduct 10% of total salary of employees having a salary of 500,000 dong or more which come from commission, bonus, royalties, membership of business associations, executive boards, technical services, informatics services, consultancy services, design, training and so forth.
After deduction of personal taxable income, employers have to pay into the temporary income tax collection account of Hanoi Taxation Department. This account is No. 920.03.001opened at the State Treasury-Hanoi branch.
Hanoi Taxation Department has issued income tax receipts form CTT10B and certification of income tax deduction form CTT54. The two papers are in both Vietnamese and English, they are issued to individuals having deducted taxable income.