Mazars in Vietnam Newsletter - Tax & Legal Update - Issue July 2022

We would like to release the latest Tax & Legal Newsletter – July issue, in which we summarised notable highlights on Corporate Income Tax (CIT), Value Added Tax (VAT) as well as key updates on payroll matters.

I. Operational updates

  1. Official Letter (“OL”) 1581/TCT-CS on Corporate Income Tax (“CIT”) incentives for investment projects
  2. Official Letter 1585/TCT-CS and Official Letter 438/TCT-CS on Value Added Tax (“VAT”) and Corporate Income Tax (“CIT”) for sponsorship expenses of Covid-19 epidemic prevention
  3. Official Letter 1718/CTBNI-TTHT on the declaration of VAT and using invoice when Enterprise Processing Export (“EPE”) sells goods to the domestic market
  4. Official Letter 1269/TCT-KK on the processing of tax code issued to business location of the enterprise in accordance with Official Letter 3200/TCT-KK
  5. Official Letter 1736/CTBNI-TTHT on deductible expenses for tuition fees for foreign employees’ children studying in Vietnam

II. Payroll updates

  1. Official Letter 2455/TCT-DNNCN on the implementation of e-invoices, e-receipts and e-PIT withholding vouchers
  2. Official Letter 717/CTBNI-TTHT on CIT and PIT applied for expenses paid to employees

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Disclaimer:

We do trust the above points are notable and sufficient, but should you have any questions or need a deeper discussion on this issue, please do not hesitate to contact us.

OUR SUPPORT

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.

Download full issue in English and Vietnamese below

Documents

[ENG] Mazars in Vietnam_Tax & Legal Newsletter_July 2022
[ENG] Mazars in Vietnam_​Tax & Legal Newsletter_​July 2022
[VIE] Mazars Việt Nam_Tin Thuế và Luật_Tháng 7, 2022
[VIE] Mazars Việt Nam_​Tin Thuế và Luật_​Tháng 7, 2022