Regarding the transfer of losses to taxable income of projects currently enjoying corporate income tax (CIT) exemption and reduction incentives.
On May 2, 2024, the General Department of Taxation issued Official Letter No. 1792/TCT-CS on corporate income tax (CIT) policy. When a Company has 3 investment registration certificates with 3 projects having the same business sector, all 3 projects of the Company are operating business and are currently enjoying CIT incentives according to independent investment […]
Clarification on the policy of corporate income tax (CIT) incentives.
On May 2, 2024, the General Department of Taxation issued Official Letter No. 1794/TCT-CS in response to the issues concerning the policy of corporate income tax (CIT) incentives. Based on Clause 2, Article 5 of Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance amending and supplementing Clause 9, Article 7 of […]
Value Added Tax (VAT) on specialized electronic equipment
On April 26, 2024, the General Department of Customs issued Official Letter No. 1820/TCHQ-TXNK on guidance on reducing Value Added Tax (VAT) for CNC laser machines. Based on Section IV Part B Appendix III of Decree No. 94/2023/ND-CP dated December 28, 2023, of the Government, the goods mentioned in Official Letter No. 20240401/GFVN determined as […]
Determining a new investment project in the field of software product production
On April 25, 2024, the General Department of Taxation issued Official Letter No. 1741/TCT-CS in response to the determination of a new investment project in the field of software product production. Based on Decree No. 12/2015/ND-CP dated February 12, 2015, of the Government; In Appendix No. 01 - List of software products (Issued together with […]
Repeal of Circular No. 83/2014/TT-BTC dated June 26, 2014, by the Minister of Finance guiding value-added tax on the List of Imported Goods of Vietnam
On April 23, 2024, the Ministry of Finance issued Circular No. 25/2024/TT-BTC repealing Circular No. 83/2014/TT-BTC guiding the implementation of VAT on the List of Imported Goods, thereby repealing the entire Circular No. 83/2014/TT-BTC dated June 26, 2014, by the Minister of Finance guiding value-added tax on the List of Imported Goods of Vietnam. This […]
Enhancing Cybersecurity Measures for the Occasion of April 30th, May 1st, and the 70th Anniversary of the Dien Bien Phu Victory
On April 17, 2024, the Ministry of Information and Communications issued Circular No. 1465/BTTTT-CATTT regarding the reinforcement of cybersecurity measures for the occasions of April 30th, May 1st, and the 70th Anniversary of the Dien Bien Phu Victory. The Ministry of Information and Communications urges agencies, organizations, and enterprises to strengthen the implementation of cybersecurity […]
VAT on household electronic equipment
On April 19, 2024, the General Department of Customs issued Official Dispatch No. 1664/TCHQ-TXNK accordingly. Household electronic equipment is not subject to VAT reduction, the tax rate is 10%. Determination of HS codes for actual imported goods is carried out in accordance with regulations on goods classification in the Customs Law and legal documents […]
Issues when requesting competent authorities to revoke land
On April 22, 2024, the General Department of Taxation issued Official Letter No. 1666/TCT-CS regarding tax policies. Accordingly, Failure to pay land rent and land use fees on time constitutes a violation of tax payment deadlines as stipulated in Article 55(3) of the Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, by […]
Registration fee for representative offices
On April 22, 2024, the General Department of Taxation issued Official Letter No. 1667/TCT-CS regarding the registration fee. Accordingly, in cases where the representative office of a company engages in the production, trading of goods, or provision of services, it is required to pay the registration fee. Conversely, if the representative office does not engage […]