VINA BOOKKEEPING was honored to receive the Certificate of Merit from VTCA in 2022
On April 21, 2023 in Hanoi, the Vietnam Tax Advisory Association (VTCA) held its 4th Congress and celebrated its 15th anniversary.
Official Dispatch No. 447/TCT-DNL dated February 16, 2023 of the General Department of Taxation guiding the deductible expenses when calculating corporate income tax for VAT paid by the method of deduction of goods for gifts and donations
Accordingly, the General Department of Taxation instructs that in case the Company has goods and services used for promotion, advertising, donation, internal consumption, the value-added tax paid under the deduction method is not deductible expense when determining taxable income.
Official Dispatch No. 4643/CTHN-TTHT dated February 10, 2023 of the City Tax Department. Hanoi guides foreign contractor tax policy
In case Google – an overseas supplier has registered, filed and paid taxes directly in Vietnam according to the provisions of Article 76, Article 77, Article 78, Article 79 of Circular No. 80/2021/TT-BTC, the Company is not obliged to declare, deduct, and pay taxes on behalf of the overseas supplier as prescribed in Circular No. 103/2014/TT-BTC dated August 6, 2014 of the Ministry of Finance.
Official Dispatch No. 4423/CTHN-TTHT dated February 9, 2023 of the City Tax Department. Hanoi provides guidance on VAT obligations when implementing projects in foreign countries
In case the provision of services takes place both in Vietnam and outside Vietnam but the service contract is signed between two taxpayers in Vietnam or has a permanent establishment in Vietnam, the 0% tax rate only applies to the value of services performed outside Vietnam as prescribed in Clause 1, Article 9 of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance.
Official Dispatch No. 137/CTHPH-TTHT dated January 13, 2023 of the City Tax Department. Hai Phong guides on personal income tax policy on registration of dependant deduction.
Accordingly, in case the Company registers family deduction for employees who is mother, have no income at out of working age or have an average monthly income of the year from all income sources not exceeding 01 (one) million dong , the documents proving dependents shall comply with the guidance in item g.3 point g, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Finance (as amended and supplemented in Article 1 of Circular No. 79/2022/TT-BTC dated December 30, 2022 of the Ministry of Finance),
Circular 13/2023/TT-BTC dated February 28, 2023 of the Ministry of Finance guiding the implementation of Decree No. 49/2022/ND-CP dated July 29, 2022 of the Government
Article 1. Amending and supplementing a number of articles of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance (as amended and supplemented in Circular No. 26/2015/TT-BTC dated February 27, 2015, Circular No. 130/2016/TT-BTC dated August 12, 2016 of the Ministry of Finance) as follows:
1. Clause 10 Article 7 shall be amended as follows: “10. Regarding real estate transfer activities, the VAT taxable price shall be determined in the provision of Clause 1, Article 1 of Decree No. 49/2022/ND-CP dated July 29, 2022 of the Government.”
2. Clause 13 Article 7 shall be amended as follows: “13. Taxable prices for electricity production activities by the Vietnam Electricity (EVN) shall comply with provision of Clause 1 Article 1 of Government’s Decree No. 49/2022/ND-CP dated July 29, 2022.”
Official Dispatch No. 313/CTTPHCM-TTHT dated January 11, 2023 of Tax Department of Ho Chi Minh City guides the VAT rate for returned goods and trade discounts related to revenue generated in 2022
Ho Chi Minh City Tax Department has guided:
Returned goods: For goods purchased from February 2022 to December 2022 (goods and services are subjected to VAT reduction, the applicable VAT rate is 8%), by 2023 when returning goods, a return invoice is issued with the VAT rate of 8%.
Official Dispatch No. 2619/CTHN-TTHT dated January 18, 2023 of the Hanoi City Tax Department guides tax policy for VAT invoices issued in 2023 for services completed in 2022
Accordingly, the Ha Noi City Tax Department responded to the concern of determining the VAT rate of 2023 for services completed in 2022 as follows:
When the company signs a construction and installation contract, the time of issuing an invoice is the time of acceptance and handover of the workload, work items, completed construction and installation volume, regardless of whether money has been received or not. In case the Company issues a VAT invoice after December 31, 2022, it is not allowed to apply the VAT reduction policy as prescribed in Article 3 of Decree No. 15/2022/ND-CP dated January 28, 2022 of the Government.
Official Dispatch No.4387/CTHPH-TTHT dated December 9, 2022 of the Hai Phong City Tax Department on tax policy for experts’ return home airfares upon termination of labor contracts
Hai Phong City Tax Department has guided, in case the Company pays the return airfare for foreign experts when terminating the labor contract, not the case of return home once a year:
• Personal income tax: this is a non-cash benefit that employees are entitled to, so this expense is included in the employee’s personal income taxable income.
Official Dispatch No. 168/CTBNI-TTHT dated January 13, 2023 of the Tax Department of Bac Ninh Province guiding the VAT rate for returned goods
• According to the instructions of the Tax Department of Bac Ninh Province, in case the Company selling goods has issued an invoice to the customer in December 2022, then the customer returns the received goods due to poor quality, the invoice to returned goods is issued with the value and tax rate corresponding to the invoice made according to regulations
Circular No.79/2022/TT-BTC dated December 30, 2022 of the Ministry of Finance amending and supplementing a number of legal documents issued by the Ministry of Finance
• To amend and supplement Point g Clause 1 Article 9 of Circular No. 111/2013/TT-BTC dated August 15, 2013 related to the regulation on the dossier of proof of dependents, thereby allowing the submission of a copy of citizen ‘s identity card in place of a copy of ID card and allowing the submission of a copy of the certificate of residence information/Notice of personal identification number in place of the household registration book when proving dependents.
Official Dispatch No. 4840/CTHPH-TTHT dated December 30, 2022 of the Hai Phong City Tax Department warns of illegal use of invoices
Accordingly, through receiving information from the hotline, the taxpayer reflects when looking up information on purchase invoices for input goods and services on the General Department of Taxation ‘s hoadondientu.gdt.gov.vn with the account issued by the CQT on the first day of registration of electronic invoices (“e-invoices”), detecting the status:
