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

1. Official Letter 9275/CTH-TTHT on the application period of Value Added Tax (“VAT”) rate deduction according to Decree 15/2022/ND-CP (“Decree 15/2022”)
2. Official Letter 1047/CTBNI-TTHT answering about VAT rate when issuing sales return invoice
3. Official Letter 1827/CTBDU-TTHT about policy on Corporate Income Tax (“CIT”) and VAT on products suspended from circulation as decision from the Ministry of Health.
4. Resolution 17/2022/UBTVQH15 on the number of overtime working hours (“OT hours”) in a year, in a month of employees (“EEs”) in the situation of COVID-19 pandemic prevention and socio-economic recovery and development
5. Decree 31/2022/ND-CP (“Decree 31/2022”) on interest rate support from the State budget for loans of enterprises, cooperatives and business households
6. Decree 34/2022/ND-CP (“Decree 34”) on extending the deadline of VAT, CIT, PIT and land rental fee payment in 2022

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.

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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.