On May 2, 2024, the General Department of Taxation issued Official Letter No. 1806/TCT-DNNCN on strengthening the management of PIT from capital investment for income received dividends in shares, bonus shares for existing shareholders. The General Department of Taxation requests the Tax Departments to implement the following contents:
- Regarding the work of propaganda, support, and guidance for taxpayers: The Tax Departments are requested to build a propaganda plan with forms suitable to the reality of taxpayer management in the area to carry out propaganda for individuals receiving dividends in shares, bonus shares and organizations declaring, paying taxes on behalf of individuals (including securities companies, commercial banks with securities depository activities, fund management companies, securities issuing organizations).
- Organizing supervision of declaration on behalf, payment on behalf of PIT of organizations declaring, paying on behalf: For organizations declaring, paying on behalf in the area that have not performed the obligation to declare tax on behalf, pay tax on behalf for individuals, the Tax Departments implement tax management measures as prescribed to review, urge organizations to declare tax on behalf, pay tax on behalf to perform the obligation to declare on behalf, pay on behalf of PIT for income from dividends in shares, bonus shares for existing shareholders of individuals as prescribed.
- Regarding inspection and examination work: Implement the principle of risk management in tax management to carry out dossier inspection at the headquarters of the tax agency for securities companies, commercial banks with securities depository activities, fund management companies, securities issuing organizations as prescribed, in case of risk detection, conduct inspection, examination at the headquarters of taxpayers as prescribed.
- Reporting regime: The Tax Departments implement the regime of summarizing, sending periodic reports no later than the 5th of each month and sudden reports when requested.
