INCOMES THAT ARE NOT INCLUDED IN TAXABLE INCOME WHEN CALCULATING PIT

INCOMES THAT ARE NOT INCLUDED IN TAXABLE INCOME WHEN CALCULATING PIT

According to Article 2 of Circular 111/2013/TT-BTC and Article 11 of Circular 02/2015/TT-BTC:
– Dangerous toxic allowance
– Unexpected hardship allowance, labor accident allowance, etc.
– Housing, electricity, water and accompanying services (if any): In case the house rent is paid by the employer, it shall be included in the taxable income according to the actual amount paid on behalf of but not exceeding 15 % of total taxable income incurred.
– Money paid by the employer to buy life insurance and other optional insurance for employees.
– The expenses for stationery, business trips, phone, clothes, etc. is higher than the current level regulated by the state.
– Telephone allowance according to the company’s regulations.
– The cost for transporting employees from their residence to the workplace and return is not included in the employee’s taxable income according to the company’s regulations.
– Support for employees to treat serious illnesses for themselves and their relatives.
– Mid-shift meal, lunch: In case the company pays in cash: Exemption up to 730.000 VND/person/month.
– The amount of money to buy round-trip air tickets for the employees paid by the employer.
– Tuition fees for children of foreign workers who work in Vietnam and their student study in Vietnam or children of Vietnamese workers who work abroad and their student study abroad grade from preschool to upper secondary school. This fee was paid by the employer.