Monthly newsletter in October 2021
Updating legal documents on accounting, tax, labor, and other related fields for customers in October 2021
Legal updates
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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:
Congratulations on the staff of Ha Noi office who have achieved the Accounting practice certificate in 2022
With an employee working in accounting and tax consulting, obtaining a CERTIFICATE OF PRACTISING SERVICE OF TAX PROCEDURES is very important. To get this certificate and the standard of practical experience as prescribed by the Ministry of Finance, candidates also have to undergo a stressful exam with extensive knowledge and very specialized in accounting and taxes.
Congratulations on the staff who have achieved the Accounting practice certificate in 2022
VINA BOOKKEEPING always encourages employees to learn to improve their soft skills as well as improve their professional skills.
Official Dispatch No.4573/TCT-DNNCN dated December 07, 2022 of the General Department of Taxation on guiding the family deductions for individuals to settle personal income tax
Pursuant to Point c, Clause 1, Article 9 of Circular No. 111/213/TT-BTC dated August 15, 2013 of the Ministry of Finance guiding the principle of calculating family deductions, the General Department of Taxation shall guide as follows:
Official Dispatch No.34158/SLĐTBXH-VL-ATLĐ dated November 18, 2022 of the Department of Labor, Invalids and Social Affairs on guiding the implementation of the report on the use of foreign labor in 2022
Department of Labor, Invalids and Social Affairs of Ho Chi Minh City requests the units to implement the BCTHSDLDNN in accordance with Article 6 of Decree No. 152/2020/ND-CP dated December 30, 2020 of the Government (Form No. 07/PLI Annex I), specifically as follows:
Official Dispatch No. 18224/CTBDU-TTHT dated December 2, 2022 of the Tax Department of Binh Duong Province guiding the declaration of License tax for representative offices
Accordingly, the Tax Department shall guide the case that the representative office of the Company does not have production and business activities of goods and services, it is not required to declare and pay license tax. Conversely, if trading goods, services, the representative office must pay license tax according to the provisions of law.
Official Dispatch No. 57306/CTHN-TTHT dated November 23, 2022 of Hanoi Tax Department on corporate income tax policy for interest on bank deposits
Accordingly, the Tax Department guides the law on corporate income tax does not regulate the determination of expected but not yet actual income generated is included in the taxable income in the tax period.