Other Briefings
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.
Vietnam to Raise its Tax on Natural Resources
Vietnam’s Ministry of Finance (MoF) has announced that it is currently seeking approval to raise taxes on the country’s key natural resources. The tax raises are intended to act as a tool to increase government revenues and tighten the management of resource mining.
Vietnam to Increase Special Consumption Tax on Imported Cars
As Vietnam continues to attempt to build up its domestic auto industry, the Ministry of Finance has announced that it has drafted a plan to increase the special consumption tax (SCT) on imported cars by changing the basis on which the tax is calculated. The Vietnamese government has been concerned that the current method of SCT calculation has resulted in a competitive advantage for importers – the new method seeks to correct this imbalance.
ASEAN Rules of Origin To Be Key In China – Vietnam Trade
Chinese customs are likely to request certification in accordance with your product’s Rules of Origin. In this op-ed, Chris Devonshire Ellis explains its importance.
Changes to Vietnam’s Customs and Tax Procedures in 2015-16
What do Vietnam’s tax and customs procedures mean for you? Vietnam Briefing report the latest developments and expected changes in 2015-16 to streamline your business activities in Vietnam.
Vietnam on Track to Reduce the Time Businesses Will Spend Paying Taxes
The Department Deputy Head, Hoang Thi Lan Anh, of Vietnam’s General Department of Taxation Reform has confirmed the government’s commitment to reduce the time spent paying taxes and social insurance in Vietnam to the ASEAN average of 171 hours by the end of 2015.
Samsung Requests Tax Exemption for its Samsung CE Complex in Vietnam
In a sign of the company’s increasing influence in Vietnam, Samsung has submitted a proposal to Prime Minister Nguyen Tan Dung requesting preferential tax treatment for its new Samsung CE Complex, a manufacturing facility located in Ho Chi Minh City’s Saigon Hi-Tech Park.
Navigating Personal Income Tax in Vietnam
Paying Personal Income Tax (PIT) is one of the key financial obligations that employers and employees have in Vietnam. In this article, we attempt to clarify some of the key regulations and tax rates involved with the payment of PIT.
PIT Update: Vietnam Implements 50 Percent Reduction in Personal Income Tax for Individuals Working in Economic Zones
On October 20, 2014, Vietnam implemented a 50 percent reduction in personal income tax (PIT) for individuals who are working in the country’s economic zones. The recent tax change was outlined in the Ministry of Finance’s Circular 128/2014/TT-BTC, replacing Circular 176/2009/TT-BTC.
