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We would like to bring you tax and legal updates in December 2017 with the highlights of the effect date of the new list of vietnam’s export and import goods, rice export business, clarification on the scope of vietnam’s competition law, several updates on CIT and PIT, DTA, VAT invoice for gifts to customer on Tet holiday.
As we have come to end of the year 2017, we are delighted to offer this “Compliance Calendar 2018” in English and Vietnamese including periodic requirements of tax and labour compliance as stipulated in the latest legal documents. Any non-compliance will possibly subject to administrative penalties under prescribed laws and regulations.
Please kindly find the bilingual calendar in the Downloads section below.
As we are welcoming 2018, We would like to bring you several special notable tax points in the targeted topic of Social Insurance ("SI").
The issue covers the following highlights:
Mazars’ Vietnam editorial team is proud to present its monthly newsletter for November 2017. The issue covers tax and legal changes including operational updates on the regulations relevant to import tax, permanent establishment of a foreign contractor, VAT of leasing software activity, liquidation of a branch’s fixed asset, stock-out-cum-internal-delivery-notes, repairing services of temporarily imported machine within the territory of Vietnam, guideline on faulty goods used as gift to employees and Tax policy of Vietlott lottery distribution system.
On 24 February 2017 Vietnam’s Government issued Decree No. 20/2017/ND-CP on transfer pricing between related parties and on 28 April 2017 Circular No.41/2017/TT-BTC was released to further guidance.
Mazars’ Vietnam editorial team is proud to present its monthly newsletter for October 2017. The issue covers tax and legal updates including operational and payroll changes in the regulations relevant to Personal Income Tax ("PIT").
On 19 September 2017, the Ministry of Finance issued Circular No. 93/2017/TT-BTC (“Circular 93”) providing amendments on procedures to register and change VAT calculation and declaration method, aiming to reform administrative procedures to facilitate enterprises. Accordingly, from 05 November 2017 when Circular 93 takes effect, the submission of Form No. 06/GTGT for such registration and change will no longer be required.
Mazars’ Vietnam editorial team is proud to present its monthly newsletter for September 2017.The issue covers tax and legal updates including strategic, operational and payroll changes in regulations relevant to Corporate Income Tax ("CIT"), Value Added Tax ("VAT"), and several updates on Personal Income Tax ("PIT").
On 15 August 2017, the Ministry of Finance (“MOF”) held a press conference titled "Introduction of draft Law on amendments of five (05) tax laws". This project is part of the efforts of the MOF and the Vietnamese Government to restructure state budget revenue, ensure national financial security as well as to formulate a consistent tax policy in order to ease the difficulties for enterprises and be in line with international practice. As planned, the draft law is expected to be submitted to the National Assembly for approval in 2018 and will take effect as from 01 January 2019. The draft law has the following remarkable points:
As you may already be aware of, there are several important changes in the ways the compulsory insurances are applied and calculated as from 2018. Although they are not really new regulations, mostly based on the Social Insurance Law in 2014, this coming year of 2018 shall be a key milestone where new rules take into effect. We would like to highlight major points as follows: