If the above amounts are specified the conditions and the rate to be entitled in one of the documents: Labour contract, Financial regulations, Collective labour agreement as prescribed at Point b, Clause 2.6 of Article 4 Circular 96/2015 / TT-BTC, these expenses are determined as deductible expenses when determining taxable income of CIT.
Implementation of Decision No. 1040/QĐ-BHXH dated August 18, 2020 issued by Vietnam Social Security on promulgating the form of a report on employees situation and a list of participation in SI, HI, and UI (form D02-LT); Vietnam Social Security provides additional guidance to fill out columns (25), (26), and (27) (form D02-LT) as follows:
Decree No. 114/2020 / ND-CP dated September 25th 2020 issued by the Government detailing the implementation of Resolution No. 116/2020/QH14 of the National Assembly about Guidance on application to the policy for reducing 30% CIT in 2020.
Official Letter No. 82635 / CT-TTHT dated 11/9/2020 of Hanoi Tax Department about Guidance on PIT finalization for current income. The regulation only accept to be exempted annual PIT return for an person who has average monthly current income in a year not exceeded 10 millions VND and was withheld 10%
Official Letter No. 3711/TCT-CS dated September 08th, 2020 issued by General Department of Taxation about Guidance on issuing invoices for providing services. According to the regulations, issuing date for providing service is the date of completion of the service regardless whether the money has been collected or not.
Official Letter No. 79916/CT-THTT dated August 31st, 2020 issued by Hanoi City Tax Department about Guidance on declaring FCT for foreign business individuals.
Official Letter No. 2717/CT-THTT dated September 11th, 2020 issued by Bac Ninh Tax Department about Guidance on incentives of corporate income tax and depreciation cost of fixed assets.
In case the company dismantles the server system that is being used to transfer to Thailand for an another company in the same group. The company makes a non-commercial export declaration for customs clearance and does not receive payment from overseas.
According to the regulations, issuing date for providing service is the date of completion of the service regardless whether the money has been collected or not. In case goods are delivered several times or a completed item or stage is transferred at a time, an invoice shall be issued for each time.
In case the Company incurs expenses of online advertising on Facebook or Google, the expenses could be considered as deductible expenses for CIT purpose if it meeting the following conditions:
According to current regulations, in case of an export processing enterprise (EPE) buys goods from the domestic market, the current regulation just allowed using foreign currencies for the transaction of buying input raw materials, input supplies, input accessories, etc. serving directly in the producing, processing, recycling or assembling of exporting goods or exporting.
From November 01st 2018 to October 31st 2020, while the tax authority has not announced on converting to use e-invoices according to Decree No. 119/2018/ND-CP and Circular No. 68/2019/TT-BTC, the enterprise still complies with Decree No. 51/2010/ND-CP, Decree No. 04/2014/ND-CP, Circular No. 39/2014/TT-BTC and Circular No. 32/2011/TT-BTC.
