Postponement of Payment for Back Taxes, Penalties, and Late Payment Fees Related to Wage Expenses

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On May 31, 2024, the Vinh Phuc Provincial Tax Department issued Official Dispatch No. 1188/CTVPH-TTKT1 to respond to tax policy inquiries.

Based on Clause 1, Article 6 of Circular No. 78/2014/TT-BTC dated June 18, 2014, by the Ministry of Finance, guiding the implementation of Decree No. 218/2013/NĐ-CP dated December 26, 2013, by the Government, which stipulates and guides the implementation of the Law on Corporate Income Tax (as amended and supplemented in Article 4 of Circular No. 96/2015/TT-BTC guiding corporate income tax); Article 106 of the Labor Code No. 10/2012/QH13 dated June 18, 2012, which regulates overtime work; and Article 107 of the Labor Code No. 45/2019/QH14 dated November 20, 2019, which regulates overtime work: When calculating overtime wages, enterprises must determine the allowable overtime hours according to labor law provisions. Overtime expenses for employees, if meeting the conditions stipulated by tax and labor laws, shall be considered deductible expenses when determining taxable corporate income.


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