Where the employee authorizes the company to make a final settlement on behalf of an individual in respect of personal income tax, then there will be a number of individuals with overpaid taxes and some individuals with outstanding taxes. How to submit the company how to handle?
According to the guidance in the Official Letter No. 4283 / BTC-TCT dated 08/4/2010 of the General Department of Taxation, in the case mentioned above, the company is allowed to offset the overpaid tax amount with the outstanding tax amount. In cases where the overpaid tax amounts are larger than the outstanding tax amounts, the companies shall make advance advances for tax reimbursement to overpaid persons and then refund procedures from the budget. If the outstanding tax amount is larger than the overpaid tax amount, the Company shall immediately pay the outstanding tax amount to the State Budget within the prescribed time limit.