Uni 05-12-2014 - Guidance on some contents revising Law on tax from 01 Jan 2015

According to official letter No.17526/BTC-TCT in guidance of some important contents from 01 Jan 2015:

1. For PIT:

• Business individuals paying PIT in compliance with ratio to revenue for each business field, line (Ratio to revenue for each each business field, line is referred to this official letter).
• PIT exapmtion for:

• Income from salary, wage of crew members who are Vietnamese people working for foreign firms or Viet Nam firms with international transport.
• Income of ship owners, of the individuals have right of using ships from supplying goods, services directly serving exploration activities, fishing offshore and income from crew members working on ships.

• Applying only tax rate of 0,1% to securities transfer prices of each time and do not finalize PIT for the income from securities transfer.
• Applying only tax rate of 0,2% to real estate transfer prices of each time.

2. For VAT:

• Adding non-liable VAT objects for newly-built offshore ships.
• 5%-liable VAT 3 goods converted into non-liable VAT objects which are fertilizers; animal feed, poultry, livestock; machineries, equipment specialized in agricultural production