Category Archives: Latest Tax Newsbriefs

tax-alert-december-2018

SOCIAL INSURANCE Decree No.143/2018/ND-CP (“Decree 143”) dated October 15th , 2018 of the Government VALUE-ADDED TAX Official letter No.12247/BTC-CST (“OL 12247”) dated October 5th , 2018 of the Ministry of Finance Official letter No.4657/TCT-DNL (“OL 4657”) dated November 23rd , 2018 of the General Department of Taxation INVOICE Official letter No.4311/TCT-CS (“OL 4311”) dated November […]

Tax alert November 2018

LABOR Decree 148/2018/ND-CP (“Decree 148”) dated October 24th, 2018 amended Decree 05/2015/ND-CP dated January 12th, 2015. Circular 17/2018/TT-BLDTBXH (“Circular 17”) dated October 17th, 2018 providing for self-inspection of compliance with the labor law performed by enterprises TAX ADMINISTRATION Circular 87/2018/TT-BTC (“Circular 87”) dated September 27th, 2018 amended Circular 215/2013/TT-BTC dated December 31st, 2013. INVOICE Official […]

Tax alert October 2018

Decree No.108/2018/ND-CP (“Decree 108”) dated 23 August 2018 of the Government on amendments to some articles of Decree No. 78/2015/ND-CP dated 14 September 2015 of the Government on enterprise registration. Decree No.121/2018/ND-CP (“Decree 121”) dated 13 September 2018 of the Government on amendments to some articles of the Government’s Decree No.49/2013/ND-CP dated 14 May 2013 […]

Tax alert September 2018

COMMERCIAL TRADING Decree No. 81/2018/ND-CP (“Decree 81”) dated on 22 May 2018 of the Government regarding elaboration of regulations of commercial law on trade promotion INVOICE Decree No. 119/2018/NĐ-CP (“Decree 119”) dated on 12 September 2018 of the Government regarding electronic invoice for sales of goods and provision of services. INVESTMENT INCENTIVES AND VALUE ADDED […]

Tax alert August 2018

TAX AUDIT AND TAX INSPECTION The Minister of Finance has requested to increase tax inspections and examinations in 2018. CUSTOMS Decision 1919/QD-TCHQ (“Decision 1919”) dated 28 June 2018 of the General Department of Customs regarding the process for tax exemption, reduction, tax refund, tax non-collection and handling of overpayments for imported and exported goods. VALUE […]

Tax alert July 2018

CUSTOMS Circular 39/2018/TT-BTC (“Circular 39”) dated 20 April 2018 of the Ministry of Finance amending and supplementing a number of articles of the Circular 38/2015/TT-BTC dated 25 March 2015 of the Minister of Finance on customs procedures; customs inspection and supervision; export tax, import tax and tax administration applied to exported and imported goods; Circular […]

Tax alert May 2018

VALUE ADDED TAX Official Letter 536/TCT-CS (“OL 536”) dated 09 February 2018 of the General Department of Taxation guidance on value added tax (“VAT”) policy for providing services to foreign customers via websites; Official Letter 645/TCHQ-TXNK (“OL 645”) dated 31 January 2018 of the General Department of Customs guidance on value added tax (“VAT”) of […]

Tax alert June 2018

CUSTOMS Decree 59/2018/ND-CP (“Decree 59”) dated 20 April 2018 of the Government amendments and supplements to some articles of Decree 08/2015/ND-CP dated 21 January 2015 guidance on customs procedures, inspection, supervision and control procedures. VALUE ADDED TAX Official letter 1136/TCT-CS (“OL 1136”) dated 03 April 2018 of the General Department of Taxation on value added […]

An Overview of Transfer Pricing in Vietnam

Many foreign businesses delocalize their production facilities in Vietnam and charge their foreign outposts for administrative, technical, financial, and commercial services. However, financial administration teams need to be aware that their transactions must comply with the arm’s length and substance-over-form principles. Before the government released Providing tax administration applicable to enterprises having controlled transactions (‘Decree 20’) in […]