Vietnam Tax and Legal Updates for November 2016

Mazars Vietnam are pleased to attach our Vietnam Legal and Tax Updates for November 2016. In this edition, we highlight the strategic updates, operational updates and payroll updates as per below:

Strategic Update

Circular No. 12/2016/TTLT-BKHCN-BTC

The circular provides guidance on the allocation and management of the Science and Technology Development Fund in enterprises.

Official Letter No. 2322/TCT-CS

The letter provides guidance on deductible expenses for interest expenses.

Official Letter No. 3869 /TCT-DNL

The letter provides guidance on tax recollection related to enterprises’ expansion investment activities.

Official Letter No. 2389/TCT-CS

The letter guides Foreign Contractor Tax , related to sales activities in the bonded warehouses of foreign contractors.

Operational Update

Guidance on Foreign Contractor Tax

Official Letter No. 4768/CT-TTHT guiding the use of invoice when exporting goods

Payroll Update

Official Letter No. 47939/CT-HTr and 48761/CT-HTr

The letter provides guidance on determining deductible expenses on tuition fees for foreign employees’ children for CIT calculation purpose.

Guidance on Personal Income Tax

Download the full guides in English and Vietnamese as below.

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