Tax Labour Calendar 2020
For the upcoming 2020, we are delighted to offer this “Compliance Calendar 2020” in English and Vietnamese with the hope to help enterprises not missing any important deadlines. The issues include periodic requirements of tax and labour compliance as stipulated in the latest legal documents. Any non-compliance will possibly subject to administrative penalties under prescribed laws and regulations.
Please kindly find the bilingual calendar in the Downloads section below and let us know if you have any questions about the deadlines or would like assistance in meeting them.
Please kindly find the bilingual calendar in the Downloads section below and let us know if you have any questions about the deadlines or would like assistance in meeting them.
Want to know more?
Hai Minh Nguyen Partner - Tax & Business Advisory - Hanoi
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News Bulletin 72 - Week 3, July 2021
Vietnam extended Directive 16 lockdown for another two weeks, with most of southern Vietnam impacted by the directive. Hanoi is also in a very restrictive lockdown again after re-opening just three weeks ago. In the past couple of days, Vietnam broke all daily Covid-19 recovers with new cases now reaching up to 6,000 a day, which is triple the cumulative cases in all of 2020.
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Mazars APAC Payroll Newsletter - Quarter 2/2021
Payroll has a massive effect on every part of a business, as well as a company’s reputation. With a company that operates on an international scale, the requirements of the different countries can be complex and difficult. The fees and penalties that can be imposed as a result of failing to update company policies in accordance with regulations can hurt your business. To mitigate risk and help you stay abreast of the information you need, our APAC payroll newsletter - 2021 Q2 outlines what you need to know in regard to payroll, benefits, and human resources across the Asia-Pacific region.
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Mazars Vietnam Tax & Legal Newsletter - July 2021
We would like to bring you tax and legal updates for July 2021 with the following highlights influencing the corporate operations and payroll activities.
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Beyond the GAAP - No.155 - May 2021
As is now traditional at this time of year, this issue of Beyond the GAAP presents a rundown of the new standards that are mandatory or permitted at the 30 June 2021 half-yearly closing.
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Beyond the GAAP - No.154 - April 2021
In its final report on the “fitness check” on the EU framework for public reporting by companies, which began in 2018, the European Commission has concluded that IFRSs ensure high-quality financial information and comparability of financial statements. However, the findings on non-financial reporting were less encouraging, despite some progress thanks to the Non-Financial Reporting Directive (NFRD).
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Beyond the GAAP - No.156 - June 2021
At the end of June, Hans Hoogervorst, Chair of the International Accounting Standards Board, has stepped down after a 10-year tenure. Andreas Barckow, who has previously served on several IFRS Foundation advisory bodies, has taken over for a first mandate as head of the IASB as of 1 July.
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News Bulletin 71 - Week 2, July 2021
Vietnam continues to battle the 4th wave of the Covid outbreak, now entering its third month that started in early May. The outbreak continues to hit Ho Chi Minh City the hardest with the city being in virtual lockdown starting last Friday, following Directive 16 from the government.
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Circular 45 guiding the application for APA
On 18 June 2021, the Ministry of Finance issued Circular 45/2021/TT-BTC (“Circular 45”) providing guidance on the implementation of Article 41 of Decree 126/2020/ND-CP (“Decree 126”) dated 19 October 2020 of the Government on the application of the Advance Pricing Agreement (“APA”) on tax administration for companies having transactions with their related parties.
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Circular 43 amending and supplementing VAT laws
On 11 June 2021, Ministry of Finance released Circular 43/2021/TT-BTC (“Circular 43”) amending and supplementing Clause 11, Article 10 of Circular 219/2013/TT-BTC on implementation of Value Added Tax (“VAT”) laws (previously amended and supplemented by Circular 26/2015/TT-BTC).
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International indirect tax webinar series
Our international VAT & indirect tax group invites you to join their quarterly webinar series focusing on the latest indirect tax developments.
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News Bulletin 70 - Week 1, July 2021
Mass Covid-19 testing is currently taking place in Saigon, Vietnam’s largest city and the commercial hub of the country. It is hoped that mass Covid-19 will identify those with positive Covid-19 can be found and isolated in order to contain the rapid rise of infections in Saigon. Amidst the current fourth wave, the Vietnamese government is forecasting a GDP growth of 6-6.5 percent in the second half this year depending on the Covid-19 situation. In the first scenario, the economy would expand by 6 percent if the current Covid-19 wave is contained by July and no major outbreak occurs in industrial parks and big cities, Deputy Minister of Planning and Investment told reporters Thursday evening.
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News Bulletin 69 - Week 4, June 2021
Vietnam’s COVID-19 restriction for HCMC, under Directive 10, was extended this week for another two weeks. The current fourth wave is no doubt impacting the country’s economy, especially the tourism and hospitality sector which was hoping the summer break will spurn increased domestic travel.
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Circular 40 on PIT, VAT & Tax administration
On 01 June 2021, the Ministry of Finance (“MoF”) issued Circular 40/2021/TT-BTC (“Circular 40”) guiding Value Added Tax (“VAT”), Personal Income Tax (“PIT”) and Tax administration for business households and individuals. This Circular officially replaces and abolishes Chapter I and II of Circular 92/2015/TT-BTC (“Circular 92”) guiding the implementation of VAT and PIT applicable to residents doing business.
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Payroll alert - Resolution 68
On 01 July 2021, the Government released Resolution 68/NQ-CP (“Resolution 68”) introducing some policies to support employees and employers in difficulty due to the COVID-19 pandemic.
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CIT incentives for SI projects
On 04 June 2021, the Government released Decree 57/2021/ND-CP (“Decree 57”), amending Decree 12/2015/ND-CP (“Decree 12”) regarding Corporate Income Tax (“CIT”) incentives for projects manufacturing prioritised supporting industry products (hereinafter referred to as "SI projects").
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News Bulletin 68 - Week 3, June 2021
The past week saw Vietnam continues to battle the fourth wave of the pandemic and HCMC remains the country’s hot spot outbreak. Amid growing coronavirus cases from the latest outbreak in the country, the Vietnamese government is taking measures to speed up the vaccine rollout for its population.
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New guidance on rules of origin under UKVFTA
The newly enacted UKVFTA includes several new rules and measures regarding tariff-rate quotas, rules of origin, preferential tariffs, and service promotions. In this alert, Mazars Vietnam would like to highlight new updates on the rules of origin under this agreement.
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Doing M&A in Asia Pacific
Seeking opportunities outside their country of origin is a natural part of the growth journey for many businesses. By opening up new markets and connecting with new customers, businesses can increase their sales and profits, while spreading their risk by not having to rely on any one single market.
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News Bulletin 67 - Week 2, June 2021
Vietnam continues to deal with the fourth wave this week as social distancing continues in Ho Chi Minh City, the country’s biggest city and commercial hub. Amidst the lockdowns, the country continues to work hard trying to secure vaccines and start mass vaccinations, something that Vietnam is far behind other countries in the world. Vietnam last week approved Pfizer vaccines, paving the way for Vietnam to order millions of Pfizer vaccines.
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Mazars Vietnam Customs Newsletter - May 2021
We would like to bring you notable customs updates for May 2021 with the following highlights influencing the corporate operations activities: