Personal income tax refund – From 700,000 VND

Personal income tax refund service (PIT) – only 700,000 VND

“Tax refund is the regulations of the Ministry of Finance in refunding tax that enterprises and individuals have overpaid into the state budget. This has huge implications for every business. However, not all units and individuals are knowledgeable and know that benefit and have enough knowledge to be able to successfully implement Tax Refund Dossiers.

Personal income tax refund

Personal income tax (PIT) refund is the amount a taxpayer can receive back from the Tax Authority in the year of finalization, provided that the conditions prescribed by law are met.

Conditions for personal income tax refund are specified in Clause 2, Article 8 of the Law on Personal Income Tax 2007 as follows:

Work related to tax registration, declaration, tax deduction, tax payment, tax finalization, tax refund, handling of violations of tax law, as well as tax administration measures shall comply with the provisions of the law on tax administration.

Personal income tax refund service (PIT) in NAVI

NAVI is proud to introduce the service of making personal income tax refund (PIT) with a commitment to providing the easiest and most effective tax experience for customers. We understand that the tax process can be complex and risky, and as such, NAVI is committed to working with you from A to Z to ensure that all procedures are completed correctly and smoothly.

Personal income tax refund service fee

When approaching the issue of personal income tax refund service fees, it is inevitable to pay attention and ask questions about related costs. Understanding the structure and calculation of fees is important to ensure transparency and fairness in the personal tax administration process. Let’s explore the aspects of the BCN tax refund service fee together so that you have a complete and accurate view of the costs associated with your personal tax finalization.

Personal income tax refund service fee on a case-by-case basis as follows:

Time to complete the pit refund service package

While learning about the individual tax refund package, an important aspect that many people are interested in is the time to complete the entire process. Understanding the amount and length of time required to complete the service not only helps you integrate your personal financial plan effectively, but also ensures flexibility in time management. Let’s learn about the completion time of the personal income tax refund package and the important factors involved so that you can have a comprehensive view of this process.

Basically, the pit refund procedure consists of 2 stages:

Papers and vouchers that customers need to provide

Depending on the case, the subject of the claim for pit refund that you need to provide will be different. Please contact Accounting directly NAVI  for detailed instructions.

Why should I use the pit refund service

In order to perform tax refunds correctly, you need to prepare the required records and information, prepare the required forms, and organize the required documents and records. To ensure compliance with regulations during tax refund procedures, you need to understand the provisions of tax law, master the provisions of tax administration law and personal income law.

Implementing a tax refund requires a lot of investment in time and cost. In particular, in Vietnam, regulations on tax policy and tax accounting are frequently changing and complicated. If you are not an expert in the field of taxation, it becomes difficult to properly grasp the provisions of the tax law. Many customers often take a long time and effort to adjust and supplement their tax refunds, and the associated costs also increase.

If you are an individual with income in Vietnam and want to avoid risks related to tax procedures and obligations, it is very important to cooperate with a tax consultant. They will review and control your tax return and refund records to ensure that all regulations are fully complied with. Accounting services NAVI is a reliable partner, providing a full-service pit refund service with a team of experienced professionals, saving you considerable time and costs.

Cases of personal income tax refund

In applying the personal income tax refund policy, it is extremely important to understand the specific circumstances prescribed to receive tax refund benefits. Let’s explore and learn in detail about situations where individuals may be entitled to a tax refund, helping to optimize tax benefits and ensure fairness in the personal income tax management system.

The conditions applicable to the personal income tax refund process are detailed in Clause 2 of Article 8 of the 2007 Law on Personal Income Tax as follows:

Manage taxes and tax refunds

Tax registration, declaration and deduction, tax payment, tax finalization, tax refund, handling of violations of tax law and tax administration measures shall comply with the provisions of the law on tax administration.

An individual is entitled to a tax refund in the following cases:

a) The amount of tax paid is greater than the amount of tax payable;

b) Individuals who have paid tax but have taxable income less than the tax payable;

c) Other cases as decided by competent state agencies.

At the same time, in Article 28 of Circular No. 111/2013/TT-BCT, there are the following provisions:

Tax refund

1. The refund of personal income tax applies to individuals who have registered and have a tax code at the time of filing the tax finalization dossier.
2. For individuals who have authorized the tax finalization for income-paying organizations and individuals to perform the finalization on their behalf, the tax refund of individuals shall be made through income-paying organizations and individuals. Income-paying organizations and individuals offset the overpaid and underpaid tax amounts of individuals. After offsetting, if there is an overpaid tax amount, it will be offsetted in the next period or refunded if there is a refund request.
3. Individuals who are subject to direct declaration with the tax authority may choose to have their tax refund or offset in the next period at the same tax authority.
4. In case an individual incurs a personal income tax refund but delays in submitting the tax finalization declaration as prescribed, there is no penalty for administrative violations of tax finalization declaration beyond the deadline.

Based on the above-mentioned provisions, the conditions for personal income tax refund include:

– Taxpayers need to have registered and have a tax code at the time of filing the tax finalization dossier.

– Individuals will receive a tax refund in the following situations:

+ The amount of tax paid is greater than the amount of tax payable.

+ Individuals have paid taxes, but the taxable income has not reached the tax payable level.

+ Other cases as decided by competent state agencies.

– If the individual has authorized the tax finalization for the organization, the tax refund will be made through the income-paying organization or individual.

– For individuals who are directly declared to the tax agency, they can choose to refund or offset the next period at the same tax agency.

Guidelines for online and in-person personal income tax refund procedures

In case of overpayment of personal income tax or underpayment of personal income tax

Based on income and family deductions to calculate personal income taxable income, if the total income in the year is less than 132 million VND (excluding tax-exempt income), no personal income tax must be paid. At the same time, 4.4 million VND/dependent/month will be deducted in case of dependents.

In order to determine the exact amount of pit and pit payable, it is necessary to calculate the difference in tax amount, which is the amount of pit refunded due to overpayment.

In the application for personal income tax refund, there are two ways to do it:

➤ Method 1: Submit your tax refund application directly

Fill in the personal income tax finalization declaration (form No. 02/QTT-TNCN).

If you request a personal income tax refund: Fill in the tax amount requested for refund at the target [47] – The refund tax amount into the taxpayer’s account.

If you want to move to the next period: Fill in the tax amount requested for refund at the target [49] – The total amount of offset tax for the arising of the next period.

➤ Method 2: Apply for tax refund online, online

The steps to refund personal income tax online are as follows:

– Installing HTKK software.

– Log in to the HTKK software using your personal tax ID number.

– Select the personal income tax finalization declaration (form No. 02/QT-TNCN) and fill in the information similar to the direct application.

– Export XML and submit the declaration.

In case of refund of personal income tax when the enterprise is authorized to make tax finalization

➤ Method 1: Direct Tax Refund Filing

Details of pit refund dossiers include:

Request for refund of state budget revenue (Form No. 01/ĐNHT).

Copy of personal income tax vouchers and receipts signed by the legal representative.

➤ Method 2: File your tax refund online, online

Similar to method 1, you fill in the form No. 01/ĐNHT, render XML and submit it online at HTKK software.

Note: Attach personal income tax vouchers and receipts to ensure accuracy and transparency in the process of processing tax refund dossiers.

Time to receive personal income tax refund

Pursuant to Article 75 of the Law on Tax Administration 2019, regulations on the time to receive personal income tax refund are as follows:

– Up to 06 working days from the date of receipt of the dossier of application for personal income tax refund for cases subject to prior tax refund and post-inspection.

– Up to 40 working days, from the date of receipt of the dossier of application for personal income tax refund for cases subject to prior inspection and subsequent tax refund.

– Individuals need to complete the procedures and file a tax refund claim within a period of no more than 90 days from the end of the fiscal year.

This is to ensure the rights and transparency in the processing of personal income tax refund applications, so that taxpayers can receive the refund quickly and effectively.

How to calculate personal income tax refund

In case 1, in order to calculate personal income tax for individuals with labor contracts of less than 3 months and income from wages and salaries, you can apply the following formulas:

(1): Personal income tax to be paid = Taxable income x Tax rate.

(2): Taxable income = Taxable income – deductions.

(3): Taxable income = Total salary received – Tax exempt amounts.

The tax calculation process is as follows:

Step 1: Calculate the total income from salary and remuneration received.

Step 2: Calculate tax exemptions, including overtime wages and night work.

Step 3: Calculate taxable income according to formula number (3).

Step 4: Calculate deductions, such as family deductions and voluntary deductions.

Step 5: Calculate taxable income according to formula number (2).

After obtaining taxable income and tax rate, apply formula (1) to calculate the amount of pit to be paid. For people with income from salary, public, business, you can use the cumulative tax table or apply the shortened method to determine the tax rate to be paid.

In case 2, for individuals who do not sign a labor contract or sign a labor contract for less than 03 months, the calculation of personal income tax is prescribed as follows:

According to Point i, Clause 1, Article 25 of Circular 111/2013/TT-BTC, if the resident individual signs a labor contract for less than 03 months or does not sign a labor contract and has an income of less than 2,000,000 VND/month, there is no need to be taxable. In case an individual has an income from salary and wages of over 2,000,000 VND/month, the withholding tax rate is 10%.

The formula for calculating personal income tax for this case is:

Personal income tax payable = 10% x Total income before payment

Thus,  NAVI has introduced to customers the service of personal income tax refund and related issues. Hopefully, the above content will help customers have more perspective on personal income tax refund services. If you have any questions or need to use the service of making personal income tax refund, please contact NAVI hotline for free advice and support for personal income tax refund!

Frequently asked questions about personal income tax refund

Currently, navi accountants have a lot of questions about the procedures related to personal income tax refund, navi accountants would like to quote some frequently asked questions below.

• Question 1: How long does it take to complete personal income tax?

»» Answer:

Application time is only 5 minutes

Refunds start at 30 days

• Question 2: In the year I do not pay personal income tax, can I get a tax refund?

»» Answer:

If during the year you do not deduct personal income tax paid at the source where you work, you will not be refunded personal income tax but still make pit finalization records

• Question 3: How much is the pit refund service fee ?

»» Answer:

Currently, Navi is collecting tax refund service fee for customers with a fee of 700,000 VND/dossier

• Question 4: I have many sources of income in the year, do I need to settle personal income tax?

»» Answer:

During the year, if you have more than one income source, you must settle personal income tax in accordance with the tax management law

The latest deadline for submitting tax finalization dossiers is the last day of the next month after the deadline for enterprises to submit annual finalization

In case of submission of settlement dossiers

√ If there is a lack of tax payable: Pay additional tax

√ If there is an excess of tax payable: Get a refund

• Q5: I want to hire a pit refund service, what do I need to do?

»» Answer:

If you want to use the personal income tax refund service, please contact navi accountant for free advice and prepare documents in the fastest and most accurate way.

See also:

>> Establishing a business

>> Dissolution services

>> Social insurance services

>> Accounting services

>> Services of making financial statements at the end of the year

>> Suspension of business services

>> VAT refund service

>> Bookkeeping services

If you need to use the accounting service package (tax report) of Navi Accounting call now:

0967.461.861 

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