Ministry of Finance speaks out about paying salaries and bonuses over 5 million that must be transferred
The Ministry of Finance agency has just answered citizens' questions about whether paying salaries and bonuses... over 5 million is mandatory to transfer money or can cash be used?
On the Ministry of Finance Information Portal, reader L.T.C asks:
Clause 1, Article 9 of Decree No. 320/2025/ND-CP stipulates that expenses with a value of 5 million VND or more must have non-cash payment vouchers to be included in deductible expenses when determining corporate income taxable income.
I would like to ask, for cash payments to employees such as salaries, bonuses, conference attendance fees, funerals... with a value of over 5 million VND/payment, is it considered not meeting the conditions for non-cash payment and is it excluded from deductible expenses or not? Is it mandatory for all expenses over 5 million VND to be transferred or not"?
Regarding this content, the Department of Tax, Fee and Charge Policy Management and Supervision - Ministry of Finance answers as follows:
In case the enterprise has salary and wage expenses paid to employees meeting the conditions specified in Clause 1, Article 9 of Decree No. 320/2025/ND-CP and not belonging to the non-deductible expenses specified in Clause 8, Article 10 of Decree No. 320/2025/ND-CP, this salary and wage payment expense is determined as a deductible expense when calculating corporate income tax in the period.
In which, for salary and wage payments each time with a value of 5 million VND or more to employees from the date Decree No. 320/2025/ND-CP takes effect (December 15, 2025), to be included in the deductible expenses, businesses must have non-cash payment vouchers.
The determination of non-cash payment documents shall be carried out in accordance with the provisions of Article 26 of Decree 181/2025/ND-CP dated July 1, 2025 of the Government detailing the implementation of a number of articles of the Value Added Tax Law.
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