Skip Ribbon Commands
Skip to main content
Link Web
Business > Posts
Business "How to?"Wednesday, 03/09/2005, 05:50

How to determine taxable income?

Can a business deduct the social and health insurance fees from staff members' salaries when it determines their taxable income?
How to determine taxable income

How to determine taxable income?

Can a business deduct the social and health insurance fees from staff members' salaries when it determines their taxable income?

- Tran Thi Mai, HCM City

According to the Ordinance on Tax for High Income Earners, and the Finance Ministry's Circular 81/2004/TT-BTC dated August 13, 2004, the regular incomes subject to taxation include salaries, wages, overtime payments, lunch and mid-shift meal and different allowances. Incomes that are not subject to taxation are social and health insurance fees that are taken from workers' salaries or wages.
So, the social and health insurance fees paid from salaries or wages are deducted when the taxable income is determined.
- Le Van Chan, lawyer


Views: 1 Print Back
 
Date: