ARE TUITION FEES FOR CHILDREN OF FOREIGN WORKERS INCLUDED IN THE EXPENSES WHEN DETERMINING CIT?
According article 4. Amendments and supplements to Article 6 of Circular No. 78/2014/TT-BTC (amended and supplemented in Clause 2, Article 6 of Circular No. 119/2014/TT-BTC and Article 1 of Circular No. 151 /2014/TT-BTC) as follows:
“The enterprise signs a labor contract with a foreigner, which records the expenses for the education of foreigners’ children studying in Vietnam at the educational level from preschool to high school, which is paid by the enterprise as salaries and wages and having sufficient invoices and supporting documents as prescribed shall be included in deductible expenses when determining corporate income tax”.
The documents to determine expenses Fees include:
Labor contract has an agreement on tuition fees for foreigners’ children studying in Vietnam from preschool to high school
Invoices (if any)
The receipt of tuition fee payment with full information of the company’s name, address, and tax code
Payment Order (non-cash) of the Company as prescribed
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