On 29 September 2021, the Ministry of Finance issued Circular 80/2021/TT-BTC (“Circular 80”) guiding the implementation of a number of articles of the Law on Tax Administration and Decree 126/2020/ND-CP (“Decree 126”).
This Circular has some notable points as follow:
- Guidance on the allocation of tax payable for taxpayers who have the dependent units and business locations at different provinces
- Tax refund
- Tax exemption and reduction under the Double Tax Agreement (“DTA”) and other international treaties
- Tax administration for e-commerce, digital-based business activities and other services where overseas suppliers do not have permanent establishments in Vietnam
Circular 80 shall take effective from 01 January 2022, the tax declaration form prescribed in this Circular is applicable to tax periods starting from 01 January 2022 onward.
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.