MAZARS APAC PAYROLL NEWSLETTER – QUARTER 2 – 2020

In the second edition of our APAC Payroll Newsletter, we have both general updates and COVID-19 measures announced across Asia-Pacific. For the very latest news please follow the links provided to the Mazars’ websites in the respective countries.

Keywords: Mazars, Vietnam, APAC, COVID-19, Payroll, HR, Updates

10 July 2020

Countries covered include:

  • Australia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam

The APAC payroll newsletter is completely free of charge to you. Simply click on the link below to download your copy.

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Vietnam Tax & Legal Updates

July TP Alert cover

Decree 68 on the deductibility of interest expense

On 24 June 2020, the Government issued Decree No. 68/2020/NĐ-CP ("Decree 68") amending Clause 3, Article 8 of Decree No. 20/2017/ND-CP (“Decree 20”) with regard to the deductibility of interest expenses incurred by companies having related-party transactions. Following up, on 14 July 2020, the Ministry of Finance issued Official Letter No. 2835/TCT-TTKT ("OL 2835") providing further guidance on the application of Decree 68.

July newsletter cover

Mazars in Vietnam Newsletter - Issue July 2020

We would like to bring you tax and legal updates for July 2020 with the following highlights influencing the corporate operations and payroll activities:

July Alert cover

Tax Alert - CIT Reduction for the fiscal year 2020

On 19 June 2020, The National Assembly approved Resolution 116/2020/QH14 on the reduction of Corporate Income Tax ("CIT") for the fiscal year of 2020 for enterprises, co-operatives, public services organizations, and other organizations.