Phantom Shares in Vietnamese Companies: Legal Consequences of Unpaid Capital

Scenario: Tech Company X was established by three members (A, B, and C) with a registered charter capital of 3 billion VND, divided equally at 33.3% each (equivalent to 1 billion VND per person). On the Enterprise Registration Certificate (ERC), all three are recorded as having fully contributed their capital. However, in reality, after six […]

Land Use Levy Rates for Residential Land Conversion

Question: I have a land parcel comprising residential land and an attached portion recorded as garden pond land or agricultural land within the same parcel. I intend to apply for conversion of that portion to residential land to regularize the land use purpose and proceed with related procedures. I would like to know the percentage […]

TAX OBLIGATIONS FOR INDIVIDUALS LEASING HOUSES

Question: I am currently an individual planning to conduct a house rental business. However, I am not clear about the applicable tax regulations that I am required to comply with. Therefore, I kindly request your Company to provide advice on the types of taxes that individuals engaged in house rental activities are required to pay […]

Consultation on Reporting Changes in Labor Usage

Question: My company has not submitted reports on changes in labor usage. What penalties could the company face? Answer: According to Clause 2, Article 8 of Decree No. 12/2022/ND-CP regarding violations in recruitment and labor management: “1. A fine ranging from VND 1,000,000 to VND 3,000,000 shall be imposed on an employer for any of […]

Consultation on New Tax Policy Changes for Household Businesses

Question: I am a household business owner and would like to know which new tax policies I should pay attention to in order to avoid penalties. Answer: Starting from 2026, with the removal of the presumptive tax regime and the shift to a declaration-based tax system, many household businesses will need to adjust to a […]

Accounting for Fixed Assets

Accounting for Fixed Assets

On May 30, 2024, the Binh Duong Provincial Tax Department issued Official Dispatch No. 14754/CTBDU-TTHT regarding the accounting for fixed assets. Based on Circular No.

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Foreign Loan Registration

Foreign Loan Registration

Our company currently has a short-term loan from the Thailand parent company. We are considering converting this loan into a medium or long-term loan to

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