New Circular providing Amendment and Supplement on Personal Income Tax

Global Tax Update:September 2015/Vietnam

On 15 June 2015, the Ministry of Finance issued Circular No. 92/2015/TT-BTC (“Circular 92”) to guide the implementation of Decree No. 12/2015/ND-CP dated 12 February 2015 (“Decree 12”) amending and supplementing a number of Personal Income Tax (“PIT”) regulations. (Global Tax Update: September 2015/Vietnam)

Explore content

Circular 92 shall come into effect from 30 July 2015 and will be applied from the tax year 2015. Below are some notable changes in Circular 92:

(1) Amendment on tax calculation method and tax rate for individual business income
(2) Amendment on exchange rates for converting taxable income into VND
(3) Supplement a number of non-taxable income items
(4) Supplementing a number of tax exempt items
(5) Other changes on tax withholding, declaration and finalization


>> Click for Japanese [個人所得税規定の補足修正を定める新Circular Circular No. 92/2015/TT-BTC関連]

(73KB, PDF)

Related Services

Deloitte Tohmatsu Tax Co. provides Japanese companies are considering developing business overseas with one-stop international tax services in relation to foreign investment to support their globally appropriate, optimal tax risk/cost management that is aligned with their business operations through Deloitte’s global network.

Did you find this useful?