Official letter 2849/CT-TTHT about tax policy with the following promotions:
In case the Company pays bonuses, sales support, sales promotion, trade discount, payment discount, cash or non-cash support to individuals who are business households or business individuals, If the company pays tax by the presumptive method, the Company is responsible for declaring and paying tax on behalf of the individual according to the provisions of Article 7 of Decree 126/ND-CP and Appendix 01 of Circular 40/2021/TT-BTC.
If the Company conducts a promotion program in accordance with the commercial law on trade promotion, has issued an invoice and recorded revenue in accordance with the provisions of the CIT law, the Company is entitled to advance the Promotional expenses are deducted from the deductible expenses corresponding to the recognized revenue when determining the taxable income for the period. At the end of the term, the Company must calculate and determine the exact amount of actual expenses based on actual invoices and legal documents that have been incurred in order to increase or decrease costs in the term-ending tax period.
