Vietnam Legal and Tax Update May & June 2014

We are pleased to attach our Vietnam Legal and Tax Update for May and June 2014. In this edition, we highlight the following breaking news.

  • Decree 42/2014/ND-CPon management of multi-level sales activities
  • Guidance No. 258/HD-TLDon payment of the trade union member fees
  • Official letters 1146/TCT-CSand 4099/CT-TTHT guiding on treatment to invoices with wrong, insufficientinformation
  • Official letter2104/TCT-KK providing guidance on VAT creditability and VAT refund for invoicesissued at the wrong time
  • Official letter2238/TCT-KK on input VAT creditability and refund in relation to via-bankpayment
  • Official letter5554/TCHQ-TXHK guiding the refund of VAT overpayment when importing
  • Official letter7512/BTC-TCT on creditability of input VAT used for multiple businessactivities
  • Official letter2272/TCT-KK guiding supporting documents for CIT and VAT deductibility purposesin relation to electronic airfare