Official Letter No. 528/CT-CS dated April 10, 2025, issued by the Tax Department regarding Personal Income Tax (PIT) policy is as follows

The principles for determining Personal Income Tax are as follows:

• In the case where an individual signs a contract to act as an insurance agent manager and is not considered a business individual, and is not subject to the provisions of Article 2 of Circular No. 40/2021/TT-BTC, if the company signs an employment contract with the individual in accordance with Article 13 of the Labor Code, the individual’s income shall be considered as wages or salaries under the provisions of Point c, Clause 2, Article 2 of Circular No. 111/2013/TT-BTC.
• In the case where an individual signs a contract to act as an insurance agent manager and is considered a business individual, the income of the individual shall be considered business income. In this case, the individual must declare and pay taxes according to the provisions of Circular No. 40/2021/TT-BTC if the business income exceeds 100 million VND/year.

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