Mazars in Vietnam Newsletter - Tax & Legal Update - Issue August 2021

Operational Updates

1. Official Letter 2076/CTBNI-TTHT, Official Letter 11952/CTBDU-TTHT and Official Letter 31557/CTHN-TTHT on CIT deductible expenses, Personal Income Tax (“PIT”) on expenses incurred related to the Covid-19 epidemic
2. Official Letter 11995/CTBDU-TTHT responding about tax regulations
3. Decree 78/2021/ND-CP on the establishment and management of natural disaster prevention and control funds (“NDPC Fund”)

PayrollUpdates

1. Official Letter 2532/TCT-DNNCN on reduction adjustment of wages and salaries incurred after the reporting period

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For regulation changes and tax matters, we can provide you with assistance on:

• Registration, declaration of Personal Income Tax, Corporate Tax, VAT and Foreign Contractor Tax.
• Tax refunds assistance and representation.
• Consultancy on utilizing opportunities provided by transfer pricing.
• Customs Advisory: Compliance & Reporting; FTA and C/O; Harmonised System code classification and valuation; Inventory control; International trade arrangement; and Others.

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