Mazars Vietnam Tax and Legal Updates February 2016

We are pleased to present you our Vietnam Legal and Tax Update for February 2016. In this edition, we highlight the following breaking news:

-          Decree No. 115/2015/ND-CP on Social Insurance (‘‘SI’’)

-          Decree No. 122/2015/ND-CP on regional minimum wages applied from 2016

-          Guidance on business registration’s forms

-          Decision No. 60/2015/QD-TTg on financial management regime of compulsory insurance

-          Official Letter No. 4424/BHXH-ST on reservation of UI contribution period

-          Some guidance on Value Added Tax (‘’VAT”)

-          Official Letter No. 4645/TCT-CS on tax incentive for income arising from services outside industrial zone

-          Official Letter No. 4943/TCT-KK on tax declaration and supplementary declaration

-          Official Letter No. 18195/BTC-TCHQ explaining some contents of Circular 38/2015/TT-BTC

-          Official Letter No. 68306/CT-HTr on foreign contractor tax of cinematic and music copyright use right transfer

-          Official Letter No. 5236/TCT-KK on submitting Financial Statement and Audited Financial Statement online via iHTKK