Mazars Vietnam Tax and Legal Updates August 2015

We are pleased to present you our Vietnam Legal and Tax Update for August 2015. In this edition, we highlight the following breaking news:

-         Circular No. 64/2015/TTLT-BTC-BCT-BCA-BQP guiding invoices and documentation forimported products selling in the market

-         Decision No. 19/2015/QĐ-TTg providing criteria to determine high-tech enterprises

-         Guidance on Personal Income Tax implications relating to hypothetical tax and tax paid overseas

-         Guidance on deductible expenses for Corporate Income Tax calculation

-         Guidance on Value Added Tax (“VAT”) refund for exported goods of branches, payment via bank conditions and input VAT of imported false goods

-         Official Letter No. 2346/TCT-HTQT Providing guidance on determination of Permanent Establishment (“PE”)

-         Official Letter No. 2424/TCT-KK providing guidance on withdrawal of the Business Registration Certificate

-         Circular No. 23/2015/TT-BLDTBXH detailing articles of Decree No. 05/2015/ND-CP

-         Consolidated document No. 18/VBHN-BTC detailing some articles of the Law on tax administration; the Law amending and supplementing a number of articles of the Law on tax administration and Decree No. 83/2013/ND-CP dated 22 July 2013