Tax deduction after donating to the "Growing up with mountainous preschool students" project (for sponsors)

14/08/2023

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For Vietnamese Stature Foundation (VSF) sincerely thanks the sponsors for supporting the "Growing up with mountainous preschool students" project! As VSF had mentioned in the previous Q&A post about the project, we would like to clarify the information about tax deductions as the following:

Section 1, Article 20, Chapter 2, Personal Income Tax Law issued by the National Assembly of the Socialist Republic of Vietnam on November 21, 2007, states:

"Charitable and humanitarian contributions shall be deducted from the income before calculating the tax on income from business, wages, and remunerations of individual taxpayers, including:

a) Contributions to organizations, and establishments caring for and nurturing children with special difficult circumstances, disabled people, and the elderly with no one to rely on;

b) Contributions to charitable funds, humanitarian funds, and scholarship funds."

Therefore, the sponsors of the "Growing up with mountainous preschool students" project and other charity activities of VSF will be provided with a Confirmation of Sponsorship to proceed with tax settlement procedures.

If Sponsors wish to obtain the Confirmation of Sponsorship, please contact us via email: lienhe@vitamvocviet.vn within 90 days from the sponsorship date and provide the following information: [Full name, ID/CCCD number (including date and place of issue), TNCN tax code, Address, Phone number, Sponsored amount].

Note: VSF only provides the Confirmation of Sponsorship with the name on the ID/CCCD provided by sponsors with the format of bank transfer [Full name_Sponsor's phone number_CEKL]

For more information, please visit: https://vitamvocviet.vn/project-growing-up-with-mountainous-preschool-students

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"Growing up with mountainous preschool students" is one of VSF’s important and long-term projects that aims to sponsor school lunches and improve learning conditions for preschool students in disadvantaged areas. Currently, the project is implemented in Cao Bang and Son La. Over the past 3 years, the project has received continuous support and contributions from more than 263,000 individual sponsors, and organizations, with a total sponsorship amount of over 1 BILLION VND.