My friends and I who were in the same lecture hall were engaged in the audit profession. Five years since graduation is enough for us to feel the favors and pressures that the profession brings. Now I am writing to describe my feelings about the audit profession. I would like to talk about eight points relating to the audit profession.

Today we will learn about the salary allowances that are not subject to personal income tax. Everyone who goes to work is entitles to receives salary, in addition to salary, we are also entitled to receive allowances of a salarys and remunerations. Everyone knows that receiving salary and receiving allowances from salaries and bonuses, they must pay taxes after deducting for themselves eleven million and for their dependents four million fourteen million a month. But not everyone has any personal income tax-free salary allowances. Especially, the salary accountants also need to know to calculate the correctness and adequacy for the employees in their businesses.

Special Consumption Tax is an indirect tax, levied on certain types of goods and services to regulate production, import, and limit social consumption. Historically, Special Consumption Tax appeared very early from ancient Greece and Rome but this is considered an uncertain story.

Money is an indispensable means. Each individual earns money from different sources. All sources of money that individuals earn are called income. We will have to pay a part to the state budget with each income, which is called Personal Income Tax. There are two subjects that must pay personal income tax: residents and not residents in Vietnam.

Responsibilities of Independent Auditors and Audit Firms Regarding Audited Financial Statements

What is Tax Imposition - Tax Imposition In Loan Transactions - Identify the lender to decide what taxes are to be collected.

If I receive the inherited property, do I have to pay personal income tax or not? As specified in Circular 111 in 2013 of the Ministry of Finance, inherited property is considered as income, so we have to pay personal income tax. However, the tax law also stipulates each specific case to determine whether to pay tax or not to pay tax. The following are cases where tax must be paid: Inherited securities or assets equivalent to securities. Inherited capital in economic organizations and businesses.

In the world, every citizen of a country who incurs income is required to pay personal income tax where they live, but almost everyone wants to save on this tax. That means they want to comply with tax laws and pay taxes as little as possible. Me and you are no exception. In order to pay taxes at least and still comply with personal income tax laws, we must understand what income will not be subject to personal income tax.