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

Operational Updates

1. Official letter 1111/TCT-DNL providing guidance on Value Added Tax (“VAT”) and Corporate Income Tax (“CIT”) of enterprise’ expenses related to machine and medical equipment for hire
2. Official letter 1713/TCT-KK providing guidance on VAT refund dossier for investment project (“IP”) in a different province/city
3. Official letter 10585/CTBDU-TTHT providing guidance on CIT treatment on annual leave encashment of employee
4. Official letter 22087/CTHN-TTHT guiding responsibility of providing bank account information to tax authority

PayrollUpdates

1. Official letter 2393/TCT-DNNCN on declaring Personal Income Tax (“PIT”)

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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.

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