Invoices and documents when insurance companies compensate customers for insurance purchases
On April 1, 2024, the General Department of Taxation issued Circular No. 1326/TCT-CS regarding invoices and documents in cases where insurance companies compensate customers for insurance purchases. According to insurance regulations: - For insured individuals who provide invoices for purchasing goods or repair services (invoices bearing the name of the insurance company or the customer […]
Value-added tax policy for motorcycle and scooter components
On March 25, 2024, the General Department of Taxation issued Official Letter No. 1188/TCT-CS in response to Official Letter No. 89234/CTHN-TTKT2 regarding tax policies. In accordance with legal provisions, for cases where enterprises engage in the production and processing of motorcycle and scooter components (such as gears, disc brakes, etc.) and products related to gears […]
Policy on Value Added Tax and Corporate Income Tax.
On March 25, 2024, the General Department of Taxation issued Official Letter No. 1183/TCT-CS in response to the Bạc Liêu Provincial Tax Department regarding tax policy. It specifically mentions two contents: - Regarding VAT policy: the input VAT of goods and services (including fixed assets) used simultaneously for the production and business of taxable and […]
Corporate Income Tax Policy
On March 25, 2024, the General Department of Taxation issued Official Dispatch No. 1176/TCT-CS regarding corporate income tax (CIT) policy. Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015, by the Ministry of Finance, amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC dated June 18, 2014, by the Ministry of Finance, guiding […]
Difficulties in implementing joint business registration and tax registration for business households.
On March 20, 2024, the General Department of Taxation issued Circular No. 1104/TCT-KK regarding challenges in receiving tax registration applications from business households. Based on the provisions of Government Decree No. 01/2021/NĐ-CP on enterprise registration, in cases where business households fall under the category of temporary suspension of business or continue business operations beyond […]
List of administrative procedures qualified to perform public services online throughout the entire process under the Ministry of Construction.
On March 8, 2024, the Minister of Construction issued Decision 157/QD-BXD on the List of administrative procedures under the management of the Ministry of Construction eligible for implementation online throughout the process. Accordingly, the list of administrative procedures eligible to perform full online service under the Ministry of Construction is for example: * Field of […]
Draft Law on Value Added Tax
On 5th March 2024, the National Assembly issued the Draft Law on Value Added Tax. Basically, the draft Law on Value Added Tax is still inherited from the current Law but has been revised and supplemented to suit the policy content. Accordingly, the draft Law retains the content specified in 04 Articles of the current […]
Draft Circular amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN
On March 8, 2024, the State Bank issued a Draft Circular amending and supplementing Circular No. 39/2016/TT-NHNN dated December 30, 2016 regulating lending activities of credit institutions, foreign bank branches to customers to ensure uniform understanding in implementation, in accordance with legal regulations and practical requirements. Accordingly, the draft retains the content of a number […]
Regulations for foreign drivers and motorized vehicles when participating in Vietnam’s traffic
On March 7th, 2024, The Government issued a Decree 30/2024/ND-CP regulation on the management of motorized vehicles registered abroad, brought by foreigners for tourism purposes. - Must have a guiding vehicle in front of the foreign motorized vehicles while participating in Vietnam’s traffic. The guiding vehicle must be a car ( if the tourists drive […]