Vietnam Tax and Legal Updates for December 2016
Mazars Vietnam are pleased to attach our Vietnam Legal and Tax Updates for December 2016. In this edition, we highlight the strategic updates, operational updates and payroll updates as per below:
Circular 19/2016/TT-BTC and Circular 20/2016/TT-BCT
The circulars provide guidelines on energy consumption norm in beer and beverage; and steel industry
Decree 139/2016/ND-CP on business license fees
The circular provides guidance on conditions of bank transfer payments for creditable input Value Added Tax
The circular guides management, use and depreciation of fixed assets
The circular focuses on guidelines for the management of labour, salary and bonuses for employees working in a 100% state-owned one member limited liability company
Guidance on Corporate Income tax (“CIT”) and VAT
Official Letter 7223/CT-TTHT
The letter provides guidance on on severance allowances for expatriates who work in both Vietnam and abroad
Guidance on Personal Income Tax
Download the full guides in English and Vietnamese as below.
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Doing Business in Vietnam 2016
The guide is intended as an overview of general topics of interest to anyone looking to do business in Vietnam including items such as investment incentives, business structures available to foreign investment, tax, labour and foreign exchange controls as well as general information about Vietnam and its economy.
Doing Business in Asia Pacific 2016-2017
Mazars' Doing Business in Asia Pacific is a practical guide for businesses who have invested or are looking to invest in the region.