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PRV Co is a company incorporated in Vietnam. In the fiscal year ended 31 December 2020, the company made a provision of VND1,800 million for unpaid employment compensation, and declared the provision as fully deductible for corporate income tax (CIT) purposes. PRV Co paid VND1,300 million ...
Withholding tax deducted is creditable against tax ultimately payable by a resident recipient on that income. Training levy All businesses whose annual payroll exceeds K200,000 are subject to a 2% training levy, calculated on the sum of the taxable salary/wages, including benefits, of all ...
The tax must be included with the taxpayer's annual income tax return. The annual tax (which is prorated for each month a person is without coverage) equals the greater of (i) a "flat dollar amount" and (ii) a percentage of the taxpayer's household income in excess of that year's ...
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9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook BIR Medical Encyclopedia Wikipedia Category filter: AcronymDefinition BIRBritish Institute of Radiology BIRBureau of Internal Revenue BIRBureau of International Recycling ...
These individuals are ones that have at least 18 months of "creditable coverage," with the most recent prior "creditable coverage" being provided by an employer-sponsored group health plan. States have flexibility in how this coverage is provided, whether through private insurers or through a ...