Latest news

You will find here our latest news in concern with: Vietnam economic news, Vietnam tax updates and law changes together with news about Mazars Vietnam and Mazars Group.

Mazars Vietnam – the journey of 25 years

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2019 is a special year for Mazars in Vietnam: we are celebrating our 25th year anniversary of Mazars establishment in Vietnam. We presented in Vietnam since 1994 as an international Audit, Accounting, Tax and Advisory services company and a member firm of Mazars group which operates in 89 countries around the world.

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THE FUTURE OF TELCOS: WINNING THE CLIENT EXPERIENCE BATTLE

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Mazars publishes global study ‘The Future of Telcos: winning the client experience, the case of mobile financial services’

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Tax Update Seminar at VSIP Binh Duong

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On August 23rd, 2019, Mazars in Vietnam hosted another successful Tax Seminar in Vietnam – Singapore Industrial Park (VSIP) Binh Duong.

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Mazars extend partnership with LinkedIn

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We are proud to announce that Mazars and LinkedIn Learning extend their partnership for another three years. This investment confirms our commitment to create an excellent growth environment for all employees worldwide and unlocks a competitive advantage through life-long learning.

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MAZARS CREATES MAZARS NORTH AMERICA ALLIANCE

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11 July 2019: Mazars, the international audit and advisory firm, today announces the creation of Mazars North America Alliance.

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Europe - Vietnam Free Trade Agreement & Next steps

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On Sunday 30th June, 2019, The European Chamber of Commerce in Vietnam (EuroCham) joined the Prime Minister of Vietnam, H.E. Nguyen Xuan Phuc, EU Trade Commissioner Cecilia Malmstrom and Romanian Minister of for Business, Trade and Entrepreneurship Ștefan-Radu Oprea, at the official signing of the EU-Vietnam Free Trade Agreement (EVFTA) in Hanoi.

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MAZARS ARTICLE on RENEWABLE ENERGY IN VIETNAM

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Recently, Mazars Vietnam proudly to present our article and a commercial page to celebrate our 25 years anniversary in Vietnam on the Connect Magazine No.6 of CCIFV about Energy subject and how to keep up to our needs for energy and preserve our future at the same time.
The article written by our professional team shared Mazars view on the needs and potential to develop the Industry of Renewable energy in Vietnam, the opportunity for foreign investment, its set-up and tax implication:

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FEATURED ARTICLE - VIETNAM INVESTMENT REVIEW: CUTTING CIT NOT ENOUGH FOR SMES

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Last week, Mr Nguyen Hai Minh, Mazars' Tax Partner and Vice Chairman of EuroCham Vietnam, was featured in an article (Business Circle, page 13, April 8-14, 2019) on Vietnam Investment Review to offer his opinion on the new tax cut proposal for Vietnam’s SMEs. He explained why tax reductions might not always deliver the expected results:

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NGUYEN HAI MINH - MAZARS PARTNER - NEW VICE CHAIRMAN OF EUROCHAM VIETNAM

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Today, we are proud to announce that our Tax Partner, Mr. Nguyen Hai Minh was promoted to be new Vice Chairman of EuroCham Vietnam, an European Chamber of Commerce who is the principle voice of the European business community in Vietnam.

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Mazars Global CEO Hervé Hélias Named Chairman of The Board

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Paris, December 17th - Mazars, an international, integrated and independent audit and consulting firm specialising in audit, accountancy, tax, legal and advisory services, today announces the effective transition of Hervé Hélias to the role of Global Chairman of the Board. Hélias was appointed Group CEO in 2016 and is now succeeding Philippe Castagnac, who successfully held the post of Executive Chairman for the past seven years and the post of Group CEO from 2011 to 2016.

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Latest Vietnam Tax and Legal Updates

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Tax Alert - Decree No. 14/2019/ND-CP

On 01 February 2019, the Government issued Decree No. 14/2019/ND-CP on amending and supplementing a number of articles of Decree No. 108/2015/ND-CP guiding the Law on Special Sale Tax (“SST”) which shall take effective from 20 March 2019 with the following notable points:

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Tax Alert - Payment Accounts at Payment Services

On February 28th, 2019, the State Bank of Vietnam promulgated Circular No. 02/2019/TT-NHNN (“Circular 02”) amending and supplementing a number of articles of Circular No. 23/2014/TT-NHNN dated August 19th, 2014 on guidelines for opening and use of payment accounts at payment services providers (“Circular 23”). Circular 02 took effect from March 1st, 2019 and abrogated Circular No. 32/2016/TT-NHNN and Circular No. 02/2018/TT-NHNN of the State Bank. Circular 02 has some noteworthy points as follows:

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Mazars Vietnam Newsletter - Issue August 2019

We would like to bring you tax and legal updates in August 2019 with the following highlights influencing the corporate operations:

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Mazars Vietnam Newsletter - Issue May 2019

We would like to bring you tax and legal updates in May 2019 with the following highlights influencing the corporate operations:

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Mazars Vietnam Newsletter - Issue September 2019

We would like to bring you tax and legal updates in September 2019 with the following highlights influencing the corporate operations:

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Tax Alert - Circular 48/2019/TT-BTC

On 8 August 2019, the Ministry of Finance issued Circular 48/2019/TT-BTC (“Circular 48”) replacing Circular 228/2009/TT-BTC (“Circular 228”), guiding the recognition and settlement of provisions. This Circular takes effect from 10 October 2019, applies for the financial year 2019 and has some notable points as follows:

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New Decree on electronic invoices (“E-invoice”)

On 12 September 2018, the Government has promulgated Decree 119/2018/ND-CP (“Decree 119”) which shall take effective from 01 November 2018, replacing Decree 51/2010/ND-CP (“Decree 51”) and Decree 04/2014/ND-CP (“Decree 04”) on E-invoices for sale of goods and services. Accordingly, from 01 November 2020, all tax payers must use E-invoices for the sale of goods and services.

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Alert on Social Insurance for foreign employee

On 15 October 2018, the Government has promulgated Decree 143/2018/ND-CP providing detail guidelines for the Law on Social Insurance (“SI”), Law on Occupational safety and Hygine for the foreign employees with the following notable points:

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Tax Labour Calendar 2019

As we have come to end of the year 2018, we are delighted to offer this “Compliance Calendar 2019” in English and Vietnamese including periodic requirements of tax and labour compliance as stipulated in the latest legal documents. Any non-compliance will possibly subject to administrative penalties under prescribed laws and regulations. Please kindly find the bilingual calendar in the Downloads section below.

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Alert on New regulations in labour fields

We would like to give out an alert on new regulations in labour fields with 3 major updates as follows:

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Newsletter - Issue November 2018

We would like to bring you tax and legal updates in November 2018 with the following highlights influencing the corporate operation and payroll amendments:

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Mazars Vietnam Newsletter - Issue December 2018

We would like to bring you tax and legal updates in December 2018 with the following highlights influencing the corporate operation and payroll amendments:

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Tax Alert - Accounting regime of Micro Enterprises

On 28 December 2018, the Ministry of Finance (“MOF”) issued Circular 132/2018/TT-BTC (“Circular 132”) on the accounting regime of micro enterprises. Accordingly, micro enterprises can apply accounting regime regulated in Circular 133/2016/TT-BTC of MOF, or apply the accounting regime prescribed in this Circular:

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Mazars Vietnam Newsletter - Issue January 2019

We would like to bring you tax and legal updates in January 2019 with the following highlights influencing the corporate operation and payroll amendments:

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Law on Investment and Law on Enterprises

The Ministry of Planning and Investment has submitted to the Government the Draft Law on amending and supplementing some articles of Law on Investment 2014 and Law on Enterprises 2014. In comparison with the current laws, the Draft contains some notable changes as follows:

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Mazars Vietnam Newsletter - Issue April 2019

We would like to bring you tax and legal updates in April 2019 with the following highlights influencing the corporate operations:

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Tax Alert - Changes in tax administration 2019

On 13 June 2019, the National Assembly had passed the new Law on Tax Administration No. 38/2019/QH14. The new Law will take effect from 01 July 2020, except for the provision on E-invoices and E-documents, which shall be effective from 01 July 2022. In comparison with the current laws, the new Law on Tax Administration contains some notable changes as follows:

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New regulations in draft Labor Code 2019

Draft 2 of Labor Code has recently been published by the Government for public inquiry. In comparison with the current Labor Code, the Draft contains some notable points as follows:

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Mazars Vietnam Newsletter - Issue July 2019

We would like to bring you tax and legal updates in July 2019 with the following highlights influencing the corporate operations:

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Mazars Vietnam Newsletter - Issue March 2019

We would like to bring you tax and legal updates in March 2019 with the following highlights influencing the corporate operation and payroll amendments:

Latest Publications

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Reinsurers’ Financial Communication (Part 1)

As the role of reinsurance is continuously expanding, Mazars has analysed the latest financial disclosures of the top 10 reinsurers worldwide providing a comparative view for a better understanding of their risk profile and strategy.

Download pdf 1.18 MB

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Beyond the GAAP No.135 - Jul & Aug 2019

Following the summer break, IAS 12 – Income Taxes and IFRS 17 – Insurance Contracts are in the spotlight, with consultations on both from the IASB as well as a detailed Public Statement from ESMA, the European enforcer, on the former.

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Beyond the GAAP No.134 - June 2019

The half-yearly financial statements stand between you and your well-earned summer break, so it may be worth taking a look at the IFRS IC’s agenda decisions on IFRS 15, IFRS 16 and cryptocurrencies. After that, you could take our crossword away with you - a light-hearted edition that brings the series to a close.

CEE View: Inbound M&A report 2018/2019 - Download

Mazars is pleased to present the CEE View: Inbound M&A report 2018/2019, in collaboration with Mergermarket. This new report offers an overview of the mergers and acquisitions activity in 2018 within and into the Central & Eastern European (CEE) region, and looks ahead to the challenges and opportunities for the next couple of months.

Download pdf 6.14 MB

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CEE View: Inbound M&A report 2018/2019

Mazars is pleased to present the CEE View: Inbound M&A report 2018/2019, in collaboration with Mergermarket. This new report offers an overview of the mergers and acquisitions activity in 2018 within and into the Central & Eastern European (CEE) region, and looks ahead to the challenges and opportunities for the next couple of months.

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Mazars Vietnam Brochure 2019

The new brochure of Mazars in Vietnam has been released. This brochure presents our capabilities in Vietnam.

Download pdf 4.56 MB

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Creating Shared Value(s) 2017-2018 Annual Report

With our 2018 Yearbook, part of our 2017-2018 Group Annual Report, we take a step back and reflect on our international development and growth.

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Doing Business in Vietnam 2018

Mazars in Vietnam present its updated guide for anyone looking to do business in Vietnam with the latest developments in investment incentives, business structures available to foreigners, tax, labour and foreign exchange controls as well as general information about Vietnam and its economy.

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Mazars Vietnam Brochure 2018

The new brochure of Mazars in Vietnam has been released. This brochure presents our capabilities in Vietnam.

Download pdf 4.90 MB

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Transformation: Mazars' 2016-2017 Annual Report

At Mazars, more than ever, we believe that businesses can thrive only by creating shared value for all their stakeholders. Publishing our 2017 Yearbook is a way to take stock of what we have achieved this past year. As a part of our 2016-2017 Annual Report, it also aims at providing a clear and global image of who we are and how we prepare the future. From open innovation to stewardship, from the future of the audit profession to our teams' perspective on the future, we have chosen to shed light from various angles on the notion of transformation.

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Beyond the GAAP - December 2017

2017 ended fairly quietly, since the European Commission had already endorsed several texts in November and the IASB’s December meeting decided to postpone publication of most of its texts and draft texts, with the exception of the annual improvements to IFRSs, which we discuss in this month’s ‘A closer look’ study. This being the case, the implementation of IFRS 9 and IFRS 15 in January 2018 will be more than enough to keep entities and their auditors busy, on top of the preparation of the 2017 financial statements.

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Doing Business in Asia Pacific 2017-2018

Mazars' Doing Business in Asia Pacific is a practical guide for businesses who have invested or are looking to invest in the region.

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Beyond the GAAP - July to August 2017

July was a busier period for Europe than for the IASB. The European Commission sent two draft texts (deferred application of IFRS 9 for insurers and financial conglomerates, and IFRS 16 on Leases) to the European Parliament and Council for endorsement before the end of the year, while ESMA published three documents on financial information and its enforcement activities.

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Mazars Vietnam Brochure 2016

The new brochure of Mazars in Vietnam has been released. This brochure presents our capabilities in Vietnam.

Download pdf 4.42 MB

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Global E-commerce Report 2017

Mazars is pleased to promote the 2017 edition of the Global Ecommerce report devised by the Ecommerce Foundation, together with the Global Ecommerce Association, gathering +40 local ecommerce association.

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Beyond the GAAP

After a quiet summer on the accounting front, September started brightly with two exposure drafts and a Practice Statement from the IASB.

Outsourcing and Accounting Services brochure

At Mazars we are more than just accountants, we assist you with accounting and finance to help you optimise performance.

Download pdf 716.13 kB

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Newsletter on accounting standards - June 2017

June 2017 saw the publication of IFRIC 23 – Uncertainty over Income Tax Treatments. According to this Interpretation, entities must now assume that any uncertainty over income tax treatments will be examined by the taxation authorities, and must consider the probable outcome of such examination when determining the amount of income tax to be recognised in the financial statements.

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Newsletter on accounting standards - May 2017

IFRS 17 – Insurance Contracts has been in the pipeline for more than ten years, and finally made its appearance during the night of 16 to 17 May 2017. On 17 May, the IASB hosted two interactive webinars on the standard, and launched a dedicated webpage to support implementation. IFRS 17 will replace the interim standard IFRS 4 from 2021, meaning insurers will no longer be able to use local accounting frameworks for insurance contracts. The new standard is therefore likely to cause substantial upheaval, with impacts varying significantly from one company to another.

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SMEs - Venturing Abroad

The Economist Intelligence Unit wrote a series of articles sponsored by Mazars focusing on five challenges facing SMEs venturing abroad for the first time. Indeed, the challenges of operating in an unfamiliar environment are daunting, but offer tremendous potential.