To:

- Provincial Departments of Taxation;
- Large Taxpayers Department.

For the purposes of intensifying management of personal income tax (PIT) on incomes from capital investment, and ensuring that taxpayers that are individuals earning incomes from stock dividends or bonus shares, and organizations responsible for declaring and paying tax on their behalf can clearly determine the obligation to declare and pay PIT on incomes from capital investment when carrying out transfer of shares of the same type in accordance with regulations of law, the General Department of Taxation hereby requests Provincial Departments of Taxation to implement the following guidelines:

1. Information dissemination, provision of support and instructions for taxpayers:

Provincial Departments of Taxation are requested to develop their own propagation plans which should be suitable for the actual management of taxpayers in their provinces to disseminate information to individuals receiving stock dividends or bonus shares and organizations declaring and paying tax on behalf of these individuals (including securities companies, commercial banks providing securities depository services, fund management companies and securities issuers). Accordingly, it is necessary to disseminate information about the organizations’ responsibility to declare and pay tax on behalf of taxpayers from January 01, 2023 in respect of incomes from capital investment when individuals transfer shares of the same type. Regarding shares recorded on securities accounts on December 31, 2022 or earlier from which tax on incomes are not yet declared by individuals or declared and paid by organizations on behalf of individuals, Provincial Departments of Taxation shall provide specific guidelines for individuals to declare and pay tax while paying attention to contents on implementation time as prescribed in clause 11 Article 16 of the Law on tax administration.

The General Department of Taxation has compiled instructional materials for declaring and paying PIT on incomes from receipt of stock dividends (Appendix 01 - Guidelines for individuals receiving stock dividends, Appendix 2 - Guidelines for organizations declaring tax on behalf of individuals receiving stock dividends, available at ftp//:ftp.tct.vn/public/VPTCT/DNNCN/TaiLieu2024). Provincial Departments of Taxation are requested to send these materials to organizations declaring and paying tax on behalf of individuals, and request them to comply with and disseminate these materials to individuals whose are their shareholders, and other individuals owning securities trading accounts for compliance.

2. Supervision of organizations’ declaration and payment of PIT on behalf of taxpayers:

If any organizations in their provinces have not yet declared and paid PIT on behalf of taxpayers, Provincial Departments of Taxation shall adopt tax management measures to review and expedite these organizations to fulfill their obligation to declare and pay PIT on incomes from stock dividends or bonus shares on behalf of their existing shareholders that are individuals as prescribed. (Appendix 03 - List of organizations that are securities companies and have fulfilled obligation to declare PIT on behalf of taxpayers, Appendix 04 - List of organizations that are securities issuers and have fulfilled obligation to declare PIT on behalf of taxpayers, available at ftp//:ftp.tct.vn/public/VPTCT/DNNCN/TaiLieu2024).

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Tax authorities shall follow rules for management of risks in tax management to carry out inspection of tax dossiers, kept at their offices, of securities companies, commercial banks providing securities depository services, fund management companies and securities issuers as prescribed. If any risks are detected, physical inspection to taxpayers’ premises must be conducted as prescribed. Accordingly, during their tax inspections, tax authorities should pay attention to inspection of declaration and payment of PIT on behalf of individuals (who receive stock dividends or bonus shares) and individuals’ declaration and payment of PIT on incomes from capital investment when they transfer shares of the same type in accordance with regulations of law.

4. Reporting: 

Provincial Departments of Taxation shall consolidate and submit periodic reports by the 5^th of each month, and ad hoc reports as requested to the General Department of Taxation (via Tax Department for Small and Medium Enterprises, Household Business, and Individuals) via email: hmduc@gdt.gov.vn. Such reports are made using the prescribed form in Appendix 05 - Form of report on review of declaration and payment of PIT on incomes from capital investment on behalf of individuals, available at ftp//:ftp.tct.vn/public/VPTCT/DNNCN/TaiLieu2024.

Each Provincial Department of Taxation should actively and strictly cooperate with another Provincial Department of Taxation in reviewing organizations that declare and pay PIT on incomes from stock dividends or bonus shares on behalf of individuals at the request of the latter.

Difficulties that arise during the implementation of this document should be reported to the General Department of Taxation for consideration and guidance. In-charge official of the Tax Department for Small and Medium Enterprises, Household Business, and Individuals: Mr. Do Quang Huy - Tel. 0936668901.

Provincial Departments of Taxation are hereby requested to implement this document./.

PP. DIRECTOR GENERAL 
DEPUTY DIRECTOR GENERAL   




Mai Son

Công văn 1806/TCT-DNNCN năm 2024 tăng cường công tác quản lý thuế thu nhập cá nhân từ đầu tư vốn đối với thu nhập nhận cổ tức bằng cổ phiếu, cổ phiếu thưởng cho cổ đông hiện hữu do Tổng cục Thuế ban hành