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Tax Update

We regularly update legal documents on accounting, tax, labor and other related fields for our clients.

Circular 12/2022/TT-NHNN dated September 30th 2022 of the State Bank of Vietnam (SBV) guiding the management of foreign exchange for the borrowing and repayment of foreign debt of

Accordingly, one of the notable changes of this Circular is that the borrower must report foreign loans monthly instead of quarterly as before, specifically:

Reporting regulations applied to the borrower: On the monthly basis, no later than the 5th day of the month immediately after the reporting period, the borrower must prepare an online review report on short-term, mid-term and long-term loans on websites. Where any technical failure in websites arises that makes the reporting unfeasible, the borrower shall send a written report using the form in Appendix 05 hereto.

Circular 12/2022/TT-NHNN takes effect from 15/11/2022, from this date, the following documents expire: Circular 03/2016/TT-NHNN, Circular 05/2016/TT-NHNN, Circular 05/2017/TT-NHNN.

Please kindly check attachment file for further reference

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