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 […]

Official Dispatch 2125/TCT-CS 2024 on value added tax policy.

Value added tax policy

On May 20, 2024, the General Department of Taxation issued Official Dispatch 2125/TCT-CS 2024 on value added tax policy. Accordingly, in case the Company signs

Read More
Corporate Income Tax Incentives

Corporate Income Tax Incentives

On May 20, 2024, the General Department of Taxation issued Circular 2133/TCT-CS 2024 regarding tax policies. Based on the amended Law No. 32/2013/QH13, which supplements

Read More
Tax Policy on Capital Contribution Transfer in Foreign-Invested Enterprises

Problems with tax policy

On May 16, 2024, the General Department of Taxation issued Official Dispatch No. 2087/TCT-CS on tax policy problems. About Value Added Tax (VAT) Based on

Read More