Vietnam tax & legal updates
You will find here all the issues of our "Vietnam Spotlight" newsletter related to the recent Tax, Legal and Accounting updates.
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Term deposit in regard of foreign loans not guaranteed by the Government according to Circular No. 08/2023/TT-NHNN
On 30 June 2023, the Governor of the State Bank of Vietnam has promulgated Circular No. 08/2023/TT-NHNN on conditions on foreign borrowing not guaranteed by the Government, replacing Circular No. 12/2014/TT-NHNN dated 31st March 2014 and amending a number of provisions in Circular No. 12/2022/TT-NHNN dated 30 September 2022 (“Circular 08”).
Mazars in Vietnam Newsletter - Tax & Legal Update - Issue July 2023
We would like to bring you the latest issue of Mazars Tax & legal Update Newsletter in July 2023, which covers a wide range of guidance on E-Invoice, PIT and related matters.
Decree No.44/2023/ND-CP stipulates the tax reduction of VAT policy effective for the last 06 months of 2023
On 30 June 2023, the Government issued Decree 44/2023/ND-CP (“Decree 44”) stipulating the VAT ("VAT") reduction policy according to Resolution No. 101/2023/QH15 dated 24 June 2023 which is effective from 01 July to 31 December 2023. Overall, Decree 44 has the main content being similar to the provision on VAT reduction in 2022 stipulated in Decree 15/2022/ND-CP dated 28 January 2022.
Legal alert - Decree no. 13/2023/ND-CP on personal data protection becomes effective
From 1 July 2023, Decree 13/2023/ND-CP (“Decree 13”) on personal data protection becomes effective, leading to enterprises’ responsibilities for issuing and updating their internal documents to comply with obligations to protect personal data of employees stated in this Decree 13.
Tax alert - Official Letter 2392/TCT-QLRR on evaluation of the Electronic Invoice management systems’ new feature
On 14 June 2023, General Department of Taxation (“the GDT”) issued Official Letter 2392/TCT-QLRR on evaluation of the Electronic Invoice management systems’ new feature of alerting the seller with high risk of issuing fictitious invoice. This system is under testing period before official implemented.