Mazars in Vietnam Newsletter - Tax & Accounting Update - Issue Aug 2022

I. Tax updates

1. Decree 49/2022/ND-CP (“Decree 49”) amending and supplementing a number of articles of Value-Added Tax (“VAT”)
2. Official Letter 1954/TCT-DNI guiding VAT rates for property leasing and sale, gifting
3. Official Letter 10643/CTBDU-TTHT guiding the remaining costs of packaging and raw materials after exporting goods and destroying packaging and raw materials in Vietnam
4. Official Letter 1973/CTBNI-TTHT guiding the application of CIT incentives when changing the location of submitting tax declaration dossiers

II. Accounting updates

1. Circular 41/2022/TT-BTC guiding the accounting policies applied to social and charity activities

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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.