The General Department of Taxation has provided specific guidance on determining the place for submitting personal income tax refund applications in Official Letter No. 4172/TCT-DNNCN dated September 20, 2023, concerning the enhancement of personal income tax refund application processing.
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The Long An Provincial Tax Department has issued guidance on preparing tax reports and key notes for enterprises to implement at the beginning of 2025.
One notable update in this Decree is the expansion of cases exempt from administrative notification procedures for implementing promotions, with no value limit, including:
The General Department of Taxation provides guidance as follows: In cases where the Tax Department has issued VAT refunds for exported goods and services without non-cash payment documents, the Tax Department must recover the refunded VAT amounts that lack non-cash payment documents in accordance with the provisions of the VAT Law and tax administration regulations.
VAT will be reduced for groups of goods and services currently subject to the 10% VAT rate, except for those listed in Appendices I, II, and III issued in conjunction with this Decree.
Principles: In cases where a business establishment incurs amounts collected and paid on behalf of others, which are not related to the sale of goods or provision of services by the business establishment, the establishment is not required to declare or pay tax as per applicable regulations.
According to the Company’s explanation: In cases where suppliers issue VAT invoices indicating the Company’s name and tax identification number, and the Company subsequently requests the Partner to reimburse these amounts, the Company must issue a VAT invoice to the Partner, applying the VAT rate as stipulated by law. The Company is responsible for declaring input and output VAT in accordance with the applicable laws on tax management.
Accountants have the right to independence in accounting expertise and operations; to retain professional opinions in writing when they differ from decision-makers; to report in writing to the chief accountant or the legal representative of the accounting entity upon detecting violations of financial or accounting laws. If required to execute such decisions, accountants may report to the direct superior of the decision-maker or the competent state authority and will not bear responsibility for the consequences of executing such decisions.
In principle, in cases where the taxpayer is a foreign worker (from countries or territories that have signed an Agreement with Vietnam to avoid double taxation and prevent tax evasion on income taxes) who arrived in Vietnam for the first time in February 2022 and meets the conditions to be considered a resident individual in Vietnam, when finalizing PIT for the year 2022, the individual is required to aggregate their global income from February 2022 to December 2022. Simultaneously, the deduction for family circumstances for the taxpayer will be calculated for the period from February 2022 to December 2022 (calculated on a monthly basis). The individual is responsible for completing their tax finalization with the relevant tax authorities.
Branches and representative offices are dependent units of enterprises, while business locations are specific places where enterprises carry out their business activities. In cases where taxpayers are enterprises under enforcement measures, individuals who are the legal representatives of these enterprises fall under the category for consideration of temporary suspension of exit, as prescribed in Article 66 of the Law on Tax Administration and Article 21 of Decree No. 126/2020/ND-CP.
Pursuant to Decree No. 145/2020/NĐ-CP dated December 14, 2020, of the Government providing detailed regulations and guidance on the implementation of certain provisions of the Labor Code regarding labor conditions and labor relations (hereinafter referred to as Decree No. 145/2020/NĐ-CP):
The new law comprises 4 Chapters and 18 Articles, regulating subjects of taxation, non-taxable subjects, taxpayers, tax bases and calculation methods, as well as VAT deduction and refund mechanisms.
