Artists Have to Submit Personal Income Tax 2005

Up till February 28, 2006 (the dead line for payment of individual tax return 2005), 122 out of 220 artists and singers  who had registered for tax file number to pay individual tax for 2005 have fulfilled their obligations at the Ho Chi Minh City Taxation Department office. The total amount of the paid tax is VND670million on the total income of VND 10 billion and 553 million. Singer Dam Vinh Hung has the highest income of VND 462 million.

So the number of artists and singer who voluntarity pay tax has increased year on year.

According to Ho Chi Minh City Taxation Department, there is strong evidence that there's been deliberate omission of oversea shows which could have generated significant amount of income.

After February 28, 2006, the Taxation Department will check and take specific measures to crack down on tax evasion. Artists and singers who submit individual tax returns after February 28, 2006 must pay a fine from VND 50,000 to 25 million.

By D.Ha – Translated by Kim Khanh

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