Official Letter No. 8006/CCTKV.XVI-QLDN2 dated May 21, 2025, issued by the Tax Sub-Department of Region XVI regarding the handling of overpaid tax, late payment interest, and penalties is as follows:

by KMC Consulting Company Limited

In the case where a company has overpaid amounts of personal income tax (PIT), the company is allowed to offset the overpaid amount against the PIT liability arising in the subsequent period, provided that the overpayment and the subsequent liability share the same economic content (sub-item) and belong to the same local budget jurisdiction. Alternatively, the company may request a refund from the Tax Authority in accordance with the regulations.

For more detailed information about this or related Tax Advisory, please don't hesitate to contact us.
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