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:

Strategic Update

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

Operational Update

Decree 139/2016/ND-CP on business license fees

Circular 173/2016/TT-BTC 

The circular provides guidance on conditions of bank transfer payments for creditable input Value Added Tax

Circular 147/2016/TT-BTC

The circular guides management, use and depreciation of fixed assets

Circular 26/2016/TT-BLDTBXH

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

Payroll Update

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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