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Tax Update

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

Official Dispatch 36815/CTHN-TTHT dated 28/07/2022 of Ha Noi City Tax Department guiding tax policy for online advertising services

In case the overseas supplier (Meta Company) has registered, declared and paid taxes in Vietnam in accordance with Article 76, Article 77, Article 78, Article 79 of Circular 80/2021/TT-BTC, the organization purchasing services of the foreign supplier (Company) is not required to declare, deduct and pay on behalf of the overseas supplier.

In principle, input VAT of goods and services used for production and business of goods and services subject to VAT is fully deductible if they meet the conditions for deduction of input VAT specified in Article 15 of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance (amended and supplemented as prescribed in Clause 10, Article 1 of Circular No. 26/2015/TT-BTC, Article 1 of Circular No. 173/2016/TT-BTC).

The Company is entitled to deduct when determining the taxable income if meeting the conditions specified in Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance.

Please kindly check attachment file for detail information

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11 Tháng 01, 2024
Monthly newsletter in December 2023

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28 Tháng 12, 2023
Official Dispatch No. 5816/CTHPH-TTHT dated November 3, 2023 of the Hai Phong City Tax Department guiding the determination of deductible expenses for employees in the period before the issuance of work permit

Hai Phong City Tax Department provides guidelines in principle as follows:
In case the Company hires foreign workers to perform jobs in Vietnam, in cases where a work permit is required but has not been granted a work permit by a competent authority in Vietnam in accordance with the Labor Code, the expenses paid by the Company to the employee before the time the work permit is issued and before the time the two parties sign the labor contract will not be included in the deductible expenses when determining CIT income.

28 Tháng 12, 2023
Official Dispatch No. 27712/SLĐTBXH-VL-ATLĐ dated December 4, 2023 of the Department of Labor, War Invalids and Social Affairs of Ho Chi Minh City on the implementation of reports on the use of foreign workers before January 5, 2024

The Department of Labor, War Invalids and Social Affairs requests the units to make reports on the employment of foreign workers in accordance with the provisions of Article 6 of the Government’s Decree No. 152/2020/ND-CP dated December 30, 2020 and Point a, Clause 12, Article 1 of the Government’s Decree No. 70/2023/ND-CP dated September 18, 2023, specifically as follows:

28 Tháng 12, 2023
Resolution No. 110/2023/QH15 dated November 29, 2023 of the National Assembly promulgated in the 6th session of the 15th National Assembly

Accordingly, the National Assembly officially approved the extension of the 2% value-added tax reduction until June 30, 2024, specifically:
A reduction of 2% of the value-added tax rate for groups of goods and services specified at Point a, Section 1.1, Clause 1, Article 3 of the National Assembly’s Resolution No. 43/2022/QH15 on fiscal and monetary policies to support the socio-economic recovery and development program from January 1, 2024 to June 30, 2024.

28 Tháng 12, 2023
Official Dispatch No. 86321/CTHN-TTHT dated December 7, 2023 of the Hanoi Tax Department guiding the additional declaration of VAT declaration documents for omitted input invoices

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.

28 Tháng 12, 2023
Official Dispatch No. 5250/TCT-DNNCN dated November 24, 2023 of the General Department of Taxation Guiding for converting income from NET salary to calculate personal income tax

Accordingly, the General Department of Taxation responded to the Tax Department of Hanoi city based on Official Dispatch No. 2037/BTC-TCT dated February 16, 2017 of the Ministry of Finance. In cases where foreign workers sign a labor contract with the Company, they receive income that does not include personal income tax and are paid by the company on behalf of health insurance, house rent, and personal income tax when determining income as a basis. regulations are:

28 Tháng 12, 2023
Official Dispatch No. 25985/SLDTBXH-VLATLD dated November 17, 2023 of the Department of Labor, War Invalids and Social Affairs of the HCM City Implement employer reports before December 5, 2023

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:

28 Tháng 12, 2023
Official Dispatch No. 5125/CTBNI-TTHT dated November 7, 2023 of the Tax Department of Bac Ninh Province Guiding on handling violations for making invoices at the wrong time

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

28 Tháng 12, 2023
Official Dispatch No. 79873/CTHN-TTHT dated November 13, 2023 of the Hanoi City Tax Department Guiding on using electronic invoices for export activities

In case the Company falls under the provisions of Clause 6, Article 86 of Circular No. 38/2015/TT-BTC of the Ministry of Finance, declaring and paying value added tax according to the deduction method, has goods and services. exports (including facilities processing export goods) when exporting goods and services using electronic value-added invoices.

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