Amendment Regarding Reflective Bands on Vehicles
On May 31, 2024, the Ministry of Transport issued Circular No. 18/2024/TT-BGTVT amending and supplementing certain provisions of Circular No. 12/2020/TT-BGTVT dated May 29, 2020, of the Minister of Transport regarding the organization and management of road transport business activities and road transport support services. Specifically: The Department of Transport shall utilize and manage data […]
Adjustment of Fuel Prices
On May 30, 2024, the Ministry of Industry and Trade issued Official Dispatch No. 3640/BCT-TTTN regarding the management of petroleum business operations. The Ministry of Industry and Trade announced the base prices of commonly consumed petroleum products on the market, as follows: E5RON92 gasoline decreased by 518 VND/liter, now at 21,759 VND/liter. RON 95-III gasoline […]
Timing of Value Added Tax Invoice Issuance for Export Activities
On June 3, 2024, the Tax Department of Lao Cai Province issued Official Dispatch No. 3629/CT-TTHT regarding the timing of value-added tax invoice issuance for export activities. Based on Clause 2, Article 7 of Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, which stipulates currency for tax declaration and payment; Clause 7, Article […]
Corporate Income Tax Policy
On June 3, 2024, the General Department of Taxation issued Official Dispatch No. 2328/TCT-CS regarding corporate income tax policy. Based on Clause 2, Article 19 of Decree No. 218/2013/NĐ-CP dated December 26, 2013, by the Government detailing and guiding the implementation of the Law on Corporate Income Tax; Clause 1, Article 18 and Clauses 2 […]
Issuance of Invoices and Payment of Taxes on Real Estate Transfers
On May 31, 2024, the Bac Giang Provincial Tax Department issued Official Dispatch No. 3920/CTBGI-TTHT regarding the issuance of invoices and payment of taxes on real estate transfers. - In the case where the Company has a plot of land within an investment project that has been granted an Investment Registration Certificate by the Management […]
Handling Tax Debt by Local Tax Authorities
On June 3, 2024, the General Department of Taxation issued Official Dispatch No. 2340/TCT-QLN regarding the handling of tax debt by local tax authorities. Based on reports on the implementation of measures to urge and enforce tax debt collection by the Provincial Tax Department, if the tax authority currently managing the taxpayer confirms that the […]
Personal Income Tax Policy
On May 30, 2024, the Binh Duong Provincial Tax Department issued Official Dispatch No. 14748/CTBDU-TTHT regarding personal income tax policy. Based on Clause 2, Article 42 of the Tax Administration Law No. 38/2019/QH14; Point c, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC dated August 15, 2013, by the Ministry of Finance, guiding personal income […]
Postponement of Payment for Back Taxes, Penalties, and Late Payment Fees Related to Wage Expenses
On May 31, 2024, the Vinh Phuc Provincial Tax Department issued Official Dispatch No. 1188/CTVPH-TTKT1 to respond to tax policy inquiries. Based on Clause 1, Article 6 of Circular No. 78/2014/TT-BTC dated June 18, 2014, by the Ministry of Finance, guiding the implementation of Decree No. 218/2013/NĐ-CP dated December 26, 2013, by the Government, which […]
Accounting for Fixed Assets
On May 30, 2024, the Binh Duong Provincial Tax Department issued Official Dispatch No. 14754/CTBDU-TTHT regarding the accounting for fixed assets. Based on Circular No. 45/2013/TT-BTC dated April 25, 2013, by the Ministry of Finance, which provides guidelines on the management, use, and depreciation of fixed assets: In the event a company purchases assets that […]