Other Briefings
Tax Alert: Vietnam Amends Laws on Tax Administration, Special Consumption Tax, and VAT
On April 6th, Vietnam’s National Assembly approved amendments to Value Added Taxation (VAT), Special Consumption Tax (SCT), and Tax Administration. The amendments become effective July 1st and are likely to impact a variety of invested enterprises. Read more for a detailed looks at specific adjustments and relevant dates to watch.
Proposed Increase in Business Licensing Fees on the Horizon for 2017
Draft legislation published by the Vietnamese Ministry of Finance on March 25th has proposed significant adjustments to business licensing within the country. These changes have the potential to raise fees by as much as three times their current levels and, if approved, could become effective as soon as January 1st of 2017.
Tax, Accounting and Audit in Vietnam 2016 – NEW PUBLICATION FROM VIETNAM BRIEFING
This concise, detailed, yet pragmatic guide is ideal for CFOs, compliance officers and heads of accounting who need to be able to navigate the complex tax and accounting landscape in Vietnam in order to effectively manage and strategically plan their Vietnam operations.
Vietnamese CIT: How to Unlock Your Investment’s True Potential
Corporate Income Taxation (CIT) is a constant for companies of all sizes, regardless of their jurisdiction. With this in the mind, the following article outlines the manner in which corporate taxation is currently applied within Vietnam. We outline applicable rates, highlight possible deductions, and give insight on the manner in which income is calculated.
Vietnam to Give Certain Automobiles a Special Consumption Tax Rebate
Vietnam’s Ministry of Finance has announced that certain automobiles, depending on their engine displacement values, will receive a special consumption tax (SCT) rebate beginning July 1, 2016. However, other cars will see a higher tax compared to their current levels.
Electronic Tax Transactions Ease Vietnam’s Tax Declaration Process
To simplify the tax payment process, the Ministry of Finance has issued Circular No. 110/2015/TT-BTC to guide the implementation of electronic transaction in tax administration.
Personal Income Tax Changes Come into Effect
Ministry of Finance guidelines on personal income tax (PIT) in Circular No. 92/2015/TT-BTC came into effect on 30 July, 2015, applying to the 2015 tax period.
Vietnam Amends Corporate Income Tax
Last month, Vietnam released Circular 96/2015/TT-BTC, the new Circular lays out the updated regulations relating to the country’s corporate income tax (CIT). The revised rules will become effective on August 6th and will be applied to the 2015 tax year of assessment and the subsequent years following.
Circular Brings Vietnamese Accounting Closer to IFRS
Circular No. 200/2014/TT-BTC provides guidelines on accounting policies for both local and foreign enterprises in Vietnam for the fiscal year beginning January 1, 2015.
What Does the Eurasian Economic Union-Vietnam FTA Mean for Your Business?
Maria Kotova, Senior Associate at Dezan Shira & Associates, reviews the Eurasian Economic Union-Vietnam Free Trade Agreement and how it may affect your business.
