VINA BOOKKEEPING would like to send readers the MONTHLY NEWSLETTER IN DECEMBER 2023 (VIETNAMESE AND ENGLISH)
Details of attachments are here
Legal updates
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Official Letter No. 5449/TCT-QLN dated November 25, 2024, from the General Department of Taxation guiding the determination of late payment obligations
The Company is responsible for declaring and paying taxes on behalf of individual investor A regarding the capital transfer activity. The Company is also obligated to fully comply with tax declaration and payment requirements as stipulated for taxpayers.
Official Letter No. 5309/TCT-KK dated November 19, 2024, from the General Department of Taxation providing guidance on determining input VAT shared between export activities and domestic sales
In cases where a company engages in both exporting goods and services and selling goods and services domestically, the company is required to separately account for the input VAT used for the production and business of exported goods and services.
Official Dispatch No. 28690/SLĐTBXH-VLATLĐ dated November 14, 2024, issued by the Department of Labor, War Invalids, and Social Affairs of Ho Chi Minh City
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):
Official Letter No. 27613/CTBDU-TTHT dated October 21, 2024, from Binh Duong Tax Department
In case the Company detects that the input invoice is omitted, leading to the tax declaration dossier submitted to the tax authority with errors and omissions, the Company shall supplement the tax declaration dossier of the period with errors as prescribed in Article 47 of the Law on Tax Administration No. 38/2019/QH14.
Official Dispatch No. 4761/TCT-DNNCN dated October 23, 2024, from the General Department of Taxation
In case the Company detects that the input invoice is omitted, leading to the tax declaration dossier submitted to the tax authority with errors and omissions, the Company shall supplement the tax declaration dossier of the period with errors as prescribed in Article 47 of the Law on Tax Administration No. 38/2019/QH14.
Monthly newsletter in Oct 2024
VINA BOOKKEEPING would like to send readers the MONTHLY NEWSLETTER IN OCTOBER 2024 (VIETNAMESE AND ENGLISH) Details of attachments are here
Official Letter No. 4991/TCT-CS dated November 5, 2024, issued by the General Department of Taxation
In principle, trade discounts based on the quantity or sales volume of goods and services are adjusted on the invoice for the last purchase or the following period. If the discount amount is determined at the end of the sales discount program (period), an adjustment invoice is issued along with a statement listing the invoice numbers that need adjustment, the amount, and the adjusted tax. Based on the adjustment invoice, the seller and buyer declare the corresponding adjustments in revenue and tax.
Official Letter No. 4917/TCT-DNNCN dated October 30, 2024, by the General Department of Taxation
In cases where the taxpayer has authorized the Company to perform tax finalization on their behalf, if it is determined that the taxpayer is required to directly finalize taxes with the tax authorities,
Official Letter No. 4922/TCT-CS dated October 31, 2024, from the General Department of Taxation
In case the Company detects that the input invoice is omitted, leading to the tax declaration dossier submitted to the tax authority with errors and omissions, the Company shall supplement the tax declaration dossier of the period with errors as prescribed in Article 47 of the Law on Tax Administration No. 38/2019/QH14.
Official Dispatch No. 4761/TCT-DNNCN dated October 23, 2024, from the General Department of Taxation
In cases where the taxpayer has not yet claimed dependent deductions for a biological child during the 2023 tax year, the dependent deduction will be applied from the month the caregiving obligation arose, provided the taxpayer registers the deduction and finalizes the tax return.
ONE-STOP Services For Foreign – Invested Enterprises In Vietnam
ONE-STOP SERVICES FOR FOREIGN – INVESTED ENTERPRISES IN VIETNAM Concerns of Foreign Enterprises Investing in Vietnam Vietnam, with its fast economic growth and stable political environment, is increasingly becoming an attractive destination for foreign enterprises. Factors such as low labor costs, government support for foreign investment projects, and an extensive international trade network make Vietnam
Official Letter No. 27609/CTBDU-TTHT dated October 21, 2024, from the Binh Duong Tax Department
In the case where the Company applies commercial discounts for customers as stipulated by law, the commercial discount must be clearly reflected on the invoice.
