Mazars in Vietnam Newsletter - Tax & Legal Update - Issue March 2023

I. Operational updates

1. Decision No.01/2023/QD-TTg issued by the Prime Minister dated 31 January 2023 regarding reduction on land rental, water surface rental for entities affected by the Covid-19
2. Guidance on the time of invoices issuance and determination of value added tax (“VAT”) rate for 2023
3. Guidance on invoices issuances for sales return being purchased in 2022 and trade discount
4. Official Letter 3469/CTHN-TTHT providing guidance on personal income tax (“PIT”) for gifts and bonuses to employees
5. Official Letter 114/CTBNI-TTHT providing guidance on VAT refund dossier for investment projects
6. Official Letter 244/TCT-KK providing guidance on the declaration of VAT and corporate income tax (“CIT”) for foreign carriers
7. Official Letter 1464/CTBNI-TTHT providing guidance on e-invoices adjustment

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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.

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