When do I have to pay the business tax? On what legal basis? Where to go for more valuable advice on this? If you are facing similar issues as mentioned above, please read the following sharing immediately. Suggestions that Blog Thiên Minh Talking about believing will not waste your time in vain!
When do I have to pay the business tax?
Many people wonder When do I have to pay the business tax?. Indeed, this was stipulated in article 1 of circular 103/2014/TT-BTC.
As a result, foreign entrepreneurs must pay 5% VAT and 5% personal income tax. More specifically, in accordance with Article 12 and Article 13 of Circular 103/2014/TT-BTC, the tax payable by foreign entrepreneurs will be applied according to the following formula:
– The entrepreneur receives “NET” income: Taxable income = Income received: 0.05
– The income received is “GROSS”: Taxable income = Income received.
With respect to the deadline for payment of taxes, this amount will be deducted when the contractor receives payment as prescribed. Either the person/organization representing the contractor actively contacts the relevant agency for assistance in fulfilling the above obligation.
Where do I go for the best legal advice on the issue of paying the contractor’s tax?
Currently, a number of individuals/companies classified as foreign entrepreneurs feel confused. They do not know the new legal and regulatory information. This invisibly pushes the above-mentioned subjects to commit wrongdoings, affecting their work and stable internal development.
For this reason, find a consultant to help you know exactly When do I have to pay the business tax? as well as relevant information of great importance. Let’s connect with https://meeyland.com right after the article to get better support for you!
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