Clarification on Value-Added Tax
On June 7, 2024, the General Department of Taxation issued Official Letter No. 2452/TCT-CS regarding value-added tax (VAT). In cases where the activity involves subleasing land use rights along with assets attached to the land by the transferor to the transferee, in accordance with the provisions of the 2013 Land Law, and the transferee is […]
Reduction of Land Rent Under Decision No. 25/2023/QD-TTg
On June 7, 2024, the General Department of Taxation issued Official Letter No. 2443/TCT-CS regarding difficulties in implementing the reduction of land rent under Decision No. 25/2023/QD-TTg. The General Department of Taxation provided the following opinions on this matter: Based on legal provisions, the application of land rent reduction under Decision No. 25/2023/QD-TTg of the […]
Guidance on the Reduction of Value-Added Tax (VAT) for Lamp Component Parts Under Decree No. 94/2023/ND-CP
On June 7, 2024, the General Department of Customs issued Official Letter No. 2621/TCHQ-TXNK providing guidance on the reduction of value-added tax (VAT) for lamp component parts under Decree No. 94/2023/ND-CP dated December 28, 2023, of the Government. The General Department of Customs provided the following opinions on this matter: Pursuant to customs law and […]
Exemption and Reduction of Non-Agricultural Land Use Tax
On June 7, 2024, the General Department of Taxation issued Official Letter No. 2442/TCT-CS regarding the exemption and reduction of non-agricultural land use tax. The General Department of Taxation provided the following opinions on this matter: Based on legal provisions, Circular No. 153/2011/TT-BTC stipulates the reduction of non-agricultural land use tax for investment projects in […]
Issues Regarding Tax Policy
On June 7, 2024, the General Department of Taxation issued Official Letter No. 2445/TCT-CS regarding tax policies. The General Department of Taxation provided the following opinions on this matter: Clause 27, Article 3 of the Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, and Clause 1, Article 3 of Decree No. 126/2020/ND-CP dated […]
Exemption of Land Lease for Financially Autonomous Public Non-Business Units
On June 7, 2024, the General Department of Taxation issued Official Letter No. 2444/TCT-CS regarding land rent policies for public non-business units. According to the provisions of the 2013 Land Law (Point e, Clause 1, Article 56), the State leases land to financially autonomous public non-business units. The time for calculating land rent is when […]
Draft Law Amending the Land Law, Housing Law, Real Estate Business Law, Credit Institutions Law
It is proposed that the draft Law amending the Land Law 2024, Housing Law 2023, Real Estate Business Law 2023, and Credit Institutions Law 2024 will have two options: - Option 1: The draft Law will consist of 5 articles Article 1. Amendment to Article 252, Clause 1 of the Land Law No. […]
Draft Circular Replacing Circular 105/2020/TT-BTC on Tax Registration
The Ministry of Finance is proposing a draft Circular to replace Circular 105/2020/TT-BTC on tax registration. Specifically, Article 4 of the draft Circular provides guidance on tax registration subjects as follows: * Subjects of Tax Registration Include: - Taxpayers required to register taxes through the one-stop-shop mechanism as stipulated in Point a, Clause 1, […]
Draft Decree on Value-Added Tax Reduction Policy Pursuant to Resolution .../2024/QH15
The Ministry of Finance is drafting a Decree on the value-added tax (VAT) reduction policy pursuant to the Resolution on VAT reduction from July 1, 2024, to December 31, 2024, which is currently open for public consultation (hereinafter referred to as the draft Decree). The draft Decree proposes the following VAT reduction for groups of […]