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