Pursuant to Point d, Point dd, Clause 1, Article 9 of Circular 111/2013/TT-BTC stipulating deductions, taxpayers are entitled to family deductions when their parents meet the following conditions:
In case the parents are still of working age, they must meet one of the following conditions: disabled, unable to work; have no income or have an average monthly income in the year from all sources of income not exceeding 1 million VND.
In case parents are beyond working age, they must meet the condition of having no income; average monthly income in the year from all sources of income does not exceed 1 million VND.
In addition, pursuant to Clause 2, Article 169 of the 2019 Labor Code, which stipulates the retirement age, from 2021, the retirement age of employees in normal working conditions is 60 years and 3 months for male employees and 55 years and 4 months for female employees; thereafter, each year it increases by 3 months for male employees and 4 months for female employees....
Accordingly, the age beyond working age in 2024 for workers in normal working conditions is 61 years old for men and 56 years and 4 months for women.
Thus, father and mother are considered dependents when they meet the condition of being past working age (specifically, father is 61 years old and mother is 56 years and 4 months old and unable to work).
At that time, the father and mother will be declared as dependents, eligible for family deductions from taxable income.
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