Mazars in Vietnam Newsletter - Tax & Legal Update - Issue December 2021 (No.02)

I. Operational updates

1. Circular 100/2021/TT-BTC (“Circular 100/2021”) amending and supplementing Circular 40/2021/TT-BTC (“Circular 40/2021”) on Value Added Tax (“VAT”), Personal Income Tax (“PIT”) and tax administration for business households and business individuals
2. Official Letter 4110/TCT-DNNCN regarding tax policy related to expenses for Covid-19 pandemic prevention
3. Official Letter 3895/CTBNI-TTHT regarding the timing for VAT invoice issuance when selling goods to export processing enterprises (“EPEs”)
4. Official Letter 3689/CTBNI-TTHT regarding Corporate Income Tax (“CIT”) incentive for assets transferred from the precedent project
5. Official Letter 50506/CTHN-TTHT on tax declaration for independent accounting branches located in the same province/city with the headquarter
6. Official Letter 17059/CTBDU-TTHT regarding tax policy for business cooperation contract (“BCC”)
7. Official Letter 3990/CTBNI-TTHT on tax policy for VAT amount of imported goods then re-exported
8. Official Letter 4114/CTBNI-TTHT regarding VAT policy for goods given as gift to enterprises in non-tariff zones and to overseas enterprises

II. Payroll update

1. Decision 3308/QD-TLD on promulgating regulations on principles of establishing and assigning trade union financial estimates in 2022
2. Official Letter 4102/TCT-CS regarding Personal Income Tax policy

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.

Subscribe to our newsletter here