The General Department of Taxation has just issued guidance on tax policies for some expenses for employees arising from the Covid-19 epidemic.
According to the General Department of Taxation's guidance, these expenses are included in the deductible expenses when calculating corporate income tax and not included in the employee's income taxable income, including expenses for medical isolation due to Covid-19 at home and for business trips abroad such as meals, accommodation, Covid-19 testing costs; the cost of transportation from the place of entry to Vietnam or from the place where the subject must undergo medical isolation to the medical isolation establishment; expenses for living needs in the days of medical isolation… to comply with the request of competent state agencies.
In addition, expenses for Covid-19 testing or for purchasing Covid-19 test kits for employees; the cost of purchasing equipment for employees to protect workers from the risk of infection during work; The expenses for meals and accommodation of employees staying at enterprises operating under the "3 on-site" plan will also be deducted when calculating corporate income tax.
The General Department of Taxation also noted that the above is the actual arising and has all invoices and documents in accordance with the law.
During the implementation process, if there is the difficulty, the General Department of Taxation recommends that organizations contact the tax authorities for specific instructions.
Collected from the source
Thuy Linh