PRV’s Tax Alert October 2020 has been updated news.

Details are as follows:

  • Decree No. 123/2020/ND-CP (“Decree 123”) dated October 19, 2020 of the Government regulating the management and use of invoices when selling goods and providing services.
  • Decree No. 114/2020/ND-CP dated September 25, 2020 of the Government detailing the implementation of Resolution No. 116/2020/QH14 of the National Assembly on reduction of Corporate Income Tax payable in 2020.​​

  • Official Letter No. 12452/BTC-TCT dated October 9, 2020 of the General Department of Taxation detailing the non-deductible depreciation expense when calculating Corporate Income Tax (“CIT”) due to the impact of COVID-19​.

  • Official Letter No. 91495/CT-TTHT dated October 16, 2020 of Hanoi Tax Department guiding on Value Added Tax (“VAT”) for sales activities to export processing zones and domestic areas under CIF term​.

Download tax alert here:

In English:Tax alert October 2020

In Vietnamese: Tax alert October 2020