Pursuant to the provisions of Circular No. 111/2013/TT-BTC dated August 15, 2013, issued by the Ministry of Finance:
- If such gifts do not constitute wages or salary compensation, and do not fall under the provisions specified in Clause 10, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013, issued by the Ministry of Finance, they shall not be subject to personal income tax on gift receipts.
- In cases where the Company provides benefits, whether monetary or non-monetary, that are characterized as wages or salary compensation for employees as stipulated in Clause 2, Article 2 of Circular No. 111/2013/TT-BTC, such benefits shall be included in taxable income from wages and salaries.
