the personal income tax is equal to 10% of the total income before payment. Method 3: 20% deduction for non-resident individuals since non-resident individuals are not exempt from the family deduction of 11 million vnd/month, if you are a foreigner, as long as your income is greater than 0, you will be subject to personal income tax of 20% of taxable income. Although not exempted from family deductions, non-resident individuals are still entitled to deductions for voluntary contributions such as insurance premiums, pension fund contributions, charity contributions, etc.
Thus, the formula for calculating personal
income tax for non-resident individuals is: personal income tax payable = 20% x (income from salary – voluntary contributions) in short, personal income tax plays an extremely important role in the socio-economic development of any country. Therefore, paying taxes voluntarily is the duty of all vietnamese citizens to work together to build an increasingly strong economy. During the process of buying and selling import and export goods, you will see the appearance of a very special type of document, which is the invoice.
So what is an invoice ?
How is the content on an invoice different from the content on a regular invoice? How does the process of creating and issuing an invoice take place? » reference: what is an electronic invoice? What is invoice? Invoice is a type of commercial document issued by the seller to confirm the transaction with the buyer. Invoices are often issued by the seller along with other related documents (for example: packing list, certificate of origin ℅, etc.) to carry out customs procedures.
This is also evidence that helps
the seller resolve complaints from the buyer regarding the quality. Quantity of goods, as well as other accompanying services. In the import-export industry, the content and form of the invoice are established according to the internal form of the selling unit, and do not need to comply with the fixed form required by the customs or tax authorities. However, the selling unit must still ensure that the invoice twitter database contains basic information such as: – invoice name, code, invoice creation time – information of seller/exporter, buyer/importer, beneficiary, remitter, shipper and consignee – information of the intermediary unit (if any) – vehicle name – booking number – container number, seal number – address of port of exit and port of entry – description of product information (name – quantity – unit price – total) the role of invoice basically, an invoice is a legal obligation to ensure the rights of both the seller and the buyer.
In addition, the invoice also has
a number of other equally important functions and roles such as record keeping. Invoice itself is a legal document proving the purchase/sale of goods by the business. Tracking debts : information on invoice helps both sellers and buyers easily track their payments and debts. – support choose the indicators and data to collect business analysis : storing and analyzing invoices can help businesses identify market trends to see which goods are consumed well and when is the peak purchasing time.
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what is a business license fee? Invoice classification 1. Proforma invoice in a typical import/export transaction everything starts. When the selling unit receives a request for one or more products from the buying unit. If the request is from a domestic customer, the seller can simply malaysia data email a standard quotation. However, for international transactions, the seller’s quotation will be provided in the form of a pro forma invoice. This is because the international customer may need a pro forma invoice to arrange financing. Open a letter of credit, obtain the appropriate import licenses, and more.