Tax Policy for Social Housing Construction Projects
On May 10, 2024, the General Department of Taxation issued Official Letter No. 1977/TCT-CS on the exemption of land use fees for social housing construction projects in the form of bidding to select investors. Based on legal regulations, the exemption of land use fees for the construction of social housing is implemented according to the […]
Clarification on Corporate Income Tax Incentives
On May 9, 2024, the Bac Giang Provincial Tax Department issued Official Letter 3358/CTBGI-TTHT to clarify tax policy issues. Based on Circular No. 78/2014/TT-BTC dated June 18, 2014 of the Ministry of Finance guiding the implementation of Decree No. 218/2013/ND-CP dated December 26, 2013 of the Government detailing and guiding the implementation of the Corporate […]
Clarification on Non-Agricultural Land Use Tax Policy
On May 10, 2024, the General Department of Taxation issued Official Letter No. 1980/TCT-CS regarding late payment of non-agricultural land use tax. Based on legal regulations, in the case where an economic organization is leased land by the State to implement an investment project, the person who is leased land by the state (the land […]
Clarification on Contractor Tax
On May 9, 2024, the Binh Duong Provincial Tax Department issued Official Letter 12264/CTBDU-TTHT in response to contractor tax. Based on Circular No. 103/2014/TT-BTC dated August 6, 2014 of the Ministry of Finance guiding the implementation of tax obligations applicable to foreign organizations and individuals doing business in Vietnam or earning income in Vietnam, in […]
Difficulties in land use fee policy
On May 10, 2024, the General Department of Taxation issued Official Letter No. 1981/TCT-CS on difficulties in determining late payment fees of the company. According to legal regulations, land use fees and registration fees are amounts paid according to the notice of the tax authority. Taxpayers who pay taxes late compared to the deadline stated […]
Guidance on personal income tax policy
On May 10, 2024, the General Department of Taxation issued Official Letter No. 1982/TCT-DNNCN on the guidance of personal income tax policy for the annual vacation expenses for workers who are eligible for emulation and commendation to go on vacation of the Company. Based on legal regulations, in principle, in case the vacation expense that […]
Exemption of land rent during basic construction
On May 9, 2024, the General Department of Taxation issued Official Letter No. 1930/TCT-CS on difficulties in exempting land rent during basic construction. Based on legal regulations, in case the Investment Certificate or Investment License or Investment Registration Certificate or Investment Policy Decision issued by the competent authority for the first time as prescribed by […]
Draft Decree regulating land prices
The Government is drafting a Decree regulating land prices, to enforce and guide regulations on land prices according to the Land Law 2024. The draft Decree stipulates the order and content of determining land prices according to the method of comparison, income, surplus, and land price adjustment coefficient. - Regarding land valuation methods, the Draft […]
Draft Circular on the issuance of domestic deposit certificates by credit institutions and foreign bank branches
The State Bank of Vietnam issued a Draft Circular on the issuance of domestic deposit certificates by credit institutions and foreign bank branches. The Draft Circular includes 21 Articles, basically inheriting the contents of Circular No. 01/2021/TT-NHNN on the issuance of term notes, promissory notes, deposit certificates, domestic bonds by credit institutions, foreign bank branches […]