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To implement Article 4 of Decree No. 145/2020/ND-CP, the Department of Labor, War Invalids and Social Affairs requests the Department of Labor, War Invalids and Social Affairs of Thu Duc city and districts, and the Board of Management. Management of the City’s Export Processing and Industrial Zones, Management Board of the City High-Tech Park, Management Board of the City High-Tech Agricultural Park to inform and guide agencies, organizations and businesses (referred to as Agencies) in the area carry out the content of reporting on labor use as follows:

Accordingly, the Tax Department guides:
1. For invoicing when selling goods or providing services:
In case the Company provides waste transportation and treatment services to customers, the time of invoicing for service provision is the time of completion of the service provision, regardless of whether payment has been collected or not yet received. In case the service provider collects money before or while providing the service, the time of invoice is the time of collection as prescribed in Clause 2, Article 9 of Decree 123/2020/ND-CP dated October 19 /2020 of the Government

Accordingly, the Vietnam General Confederation of Labor regulates the use of union dues collected for trade union levels as follows:
– Grassroots trade unions are allowed to use 70% of union dues collected. (10% increase compared to previous regulations)
– Superior trade unions are allowed to use 30% of union dues collected.

The General Department of Taxation issued Official Dispatch No. 4525/TCT-CS to respond to some recommendations of the Japanese Business Association in Vietnam on tax policy and administrative procedures related to:
VAT refund;
Tax exemption according to the agreement;
Corporate income tax incentives;
Related transactions, v.v.

Accordingly, some notable changes in the Decree are as follows:
1. Change the conditions required for foreign experts, executives, and technical workers:
According to Article 1 of Decree No. 70/2023, amending and supplementing regulations on experts who are foreign workers: Graduated from university or higher or equivalent and have at least 3 years of work experience suitable for the position jobs that foreign workers plan to work in Vietnam.
Before: Required to have a university degree or higher or equivalent and at least 3 years of work experience in a major industry with training appropriate to the job position the foreign worker is expected to work in in Viet Nam.

Accordingly, the General Department of Taxation guides, in cases where taxpayers register for family deductions for dependents who are grandchildren (who still have parents who are of working age and still have the ability to work and take care) are not eligible for family deductions according to the provisions of Point d, Clause 1, Article 19 of Circular No. 111/2013/TT-BTC of the Ministry of Finance.

Pursuant to the provisions of Point 1.3, Clause 1, Article 69 of Circular 200/2014/TT-BTC (amended by Clause 3, Article 1 of Circular 53/2016/TT-BTC), for the purpose of recording accounting books, preparing and When presenting financial statements, businesses need to determine whether or not the contract value includes tax in the case of foreign tax payment, to determine the appropriate accounting exchange rate:

In case Company A is a one member LLC owned by an organization (Company B in Korea), there is a salary payment to the director of Company A (this director is a founding of company B in Korea) if the individual director directly participates in managing the operations of Company A, this salary cost will be included in deductible expenses when determining income subject to corporate income tax, if the conditions in Article 6 of Circular 78/2014/TT-BTC dated June 18, 2014 of the Ministry of Finance are met (amended and supplemented in Article 4 of Circular No. 96/2015/TT-BTC dated June 22 /6/2015 of the Ministry of Finance).

Accordingly, in case the seller receives returned goods in part or in full, he or she will issue a reduced or replacement invoice for the issued invoice according to the provisions of Clause 1, Article 4 and Point b, Clause 2, Article 19 Decree No. 123/2020/ND-CP dated October 19, 2020 of the Government.

Accordingly, in case the Company lends machinery and equipment to suppliers to produce products as well as use goods and services (including purchased from outside or self-produced by business establishments) to give, donate, donate or exchange, the Company must make invoices, declare and calculate VAT payment as goods sales invoices to customers.