PIT finalization service - TASCO Tax Agent

✨ You do not have your personal tax identification number and need to register?

✨ Your business has not yet carried out procedures to register for social insurance and health insurance for employees?

✨ Does your business have specialized departments related to such procedures?

✨ Don't want to waste time learning about the above procedures and processes?

✨ You need to find a reputable unit to entrust related issues?

✴️ TASCO Tax agent will help business people solve the above problems with PIT finalization service in 2022 in Ho Chi Minh City, all your business problems will be solved with the quality of service that a team of experts TASCO brings. With many years of experience in the field of business legal advice, TASCO will solve it in the fastest time, with the most economical cost for your business.

1. What is PIT? What is PIT finalization?

️⛳ Personal income tax (PIT) is an amount that an income earner must deduct from his/her salary, or from other sources of revenue, into the state budget after deductions have been made. Personal income tax is not levied on low-income individuals, so this revenue will be fair to all objects, contributing to reducing the disparity between classes in society.

️⛳ PIT finalization is a report that many businesses do not pay attention to, but it is actually a report that is closely related to a rather high cost for businesses. Salary paid to employees is an important expense in the enterprise which is shown through the PIT Finalization. This is also one of the required reports to be submitted at the end of each fiscal year as prescribed by the tax authorities.

️⛳ Personal income tax finalization is an issue that many small and medium enterprises do not fully understand, and employees are still confused. Therefore, many businesses accidentally pay taxes that do not need to be paid, and employees accordingly also have a part of their income deducted without understanding the reason. Its has created distances and conflicts between employees and employers, these conflicts over time will lead to unfavorable things for both enterprises and employees.

️⛳ TASCO's PIT finalization service will help businessmen make tax finalization for each individual employee working at the business. Thereby, it will balance this fee reasonably while helping businesses reduce the amount of PIT payable for high-wage workers. With the motto "Whole-hearted - Responsibility - Professional" - TASCO Tax agent is committed to providing businessmen with the highest quality and effective service.

2. The objects subject to PIT finalization:

▪️ Resident individual earning incomes from salaries and wages are responsible for making tax finalization declarations if there is additional tax payable.

▪️ Individuals with overpaid tax amounts may request a refund or offset in the next tax return period.

▪️ Resident individual earning incomes from salaries or wages are eligible for tax reduction due to natural disasters, fires, accidents or fatal diseases.

▪️ Resident individual is a foreigner is who terminate their working contracts in Vietnam must make tax finalization declarations with the tax authorities before leaving the country.

3. Deadline for submission of PIT finalization documents:

According to Clause 4, Article 44 of the Law on Tax Administration 2019, the deadline for tax finalization for income received in 2021 is as follows:

a) No later than the last day of the 3rd month from the end of the calendar year or fiscal year, for the annual tax finalization document; no later than the last day of the first month of the calendar year or fiscal year for the annual tax return;

b) No later than the last day of the 4th month from the end of the calendar year for personal income tax finalization records of individuals who directly finalize tax.

4. Conditions for authorized individuals to finalize personal income tax for organizations:

▪️ Individuals earning incomes from salaries or wages sign labor contracts for 03 months or more at a place and are actually working there at the time the income-paying organizations or individuals make tax finalization, including the case of not working for full 12 months in a calendar year. In case an individual is an employee who is transferred from the old organization to the new one because the old organization merges, divides, separates, transforms the type of enterprise or the old organization and the new organization in In the same system, the individual is authorized to finalize the tax for the new organization.

▪️ Individuals earning incomes from salaries or wages sign labor contracts of 03 months or more at a place and are actually working there at the time the organizations or individuals pay incomes for tax finalization, including in case of not working for full 12 months in a calendar year; and at the same time have current income elsewhere in the year on average not more than 10 million VND and have been withheld PIT at the rate of 10% if there is no requirement for tax finalization on this income.

5. TASCO's PIT finalization service will perform on behalf of your business

👉 Advise business people on tax laws in general and personal income tax laws in particular;

👉 Advise business people on regulations and order, procedures, records on personal income tax finalization;

👉 Make personal income tax finalization when authorized by businessmen, including: preparing, completing and submitting finalization documents to competent state agencies;

👉 Make a PIT finalization declaration;

👉 Register for an electronic tax account for business people;

👉 Support to monitor the status of your application until you receive your tax refund and support you to pay tax if there is a tax payable.

👉 Perform other services related to tax finalization when required by businessmen.

6. Process of performing year-end PIT finalization service in Ho Chi Minh City by TASCO:

⏭️ Step 1: Consult and prepare information

▪️ Consulting on tax-related issues, personal income tax for business people to understand.

▪️ Guide business to prepare documents and related documents.

▪️ Check the employee's tax code.

▪️ New registration for employees without personal tax identification number, registration for family deductions, or other tax reductions...

⏭️ Step 2: TASCO prepares the report and finalizes PIT

▪️ Check the salary fund of employees and the salary fund of the whole enterprise during the year.

▪️ Prepare relevant reports.

▪️ Print vouchers and documents for businessmen to sign.

⏭️Step 3: TASCO submits reports to the tax office on behalf of business people

7. Personal income tax finalization document includes:

▪️ Tax finalization declaration form 02/QTT-TNCN attached to Circular 80.

▪️ Appendix to list of deductions for dependents according to form 02-1/BK-QTT-TNCN attached to Circular 80.

▪️ Photocopies of tax documents evidencing the withheld tax amount, temporarily paid in the year, tax paid abroad (if any).

▪️ Photocopies of documents evidencing contributions to charity funds, study promotion funds, humanitarian funds (if any).

▪️ In case individuals receive incomes from international organizations, Embassies, Consulates and receive income from abroad, there must be documents proving the amount paid by the unit or organization paying income abroad.

Why should your business use TASCO's PIT finalization service?

1️⃣ Ready to take responsibility if the mistake belongs to TASCO.

2️⃣ Commitment to package costs and no additional costs.

3️⃣ Free consultation support before and after completion 24/7.

4️⃣ TASCO is responsible for explaining and interpreting tax accounting records when state agencies have requests for accounting data to be made.

5️⃣ TASCO is always committed and responsible for keeping your accounting information confidential, even after the contract to provide accounting services has been terminated.

✴️ TASCO Tax Agent is proud to be founded and led by CEOs who are experts in Finance - Accounting - Tax with more than 17 years of practical experience, along with a team of professional, dedicated and highly professional and always updated knowledge regularly. With the management policy "WHOLE-HEARTED - RESPONSIBILITY - PROFESSIONAL", TASCO is committed to providing customers with the best service quality and the most dedicated support.

TASCO – THE HIGHEST RESPONSIBLE TAX AGENT OF EVERY SERVICE

Hotline: 0854862446 - 0975480868 (zalo)

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