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 […]
Ensuring investment incentives when applying corporate income tax supplements according to the regulations on preventing base erosion and profit shifting (BEPS).
The General Department of Taxation responded with Official Letter No. 1658/TCT-CS dated April 22, 2024, regarding ensuring investment incentives. Related to investment support solutions to ensure the maintenance of Foreign Direct Investment (FDI) attraction in the context of implementing Resolution No. 107/2023/QH15 dated November 29, 2023, of the National Assembly on the application of […]
VinFast is facing a lawsuit in the United States over allegations of public disclosure violations.
Recently, the U.S. law firm Pomerantz filed a lawsuit against VinFast in the Eastern District Court of New York for allegedly failing to disclose information to the public. However, according to Lawyer Nguyen Thanh Ha, Chairman of SBLAW, the lawsuits filed by law firms in the U.S. against VinFast, along with dozens of other companies, […]