On September 11, 2024, the General Department of Taxation issued Official Dispatch No. 4019/TCT-CS regarding opinions on VAT. Accordingly, VAT policies have clearly specified the conditions for VAT deduction. In cases where the VAT payment document at the import stage lists the importer as the Company, and the Company declares VAT using the direct method, […]

On September 11, 2024, the Ministry of Finance issued Decision No. 2127/QĐ-BTC regarding the announcement of amended and supplemented administrative procedures in the field of Taxation under the management function of the Ministry of Finance. Accordingly, the tax payment extension procedures are amended as follows: * Regarding the procedure for extending tax payments: - Step […]

On September 4, 2024, the General Department of Customs issued Official Letter No. 4218/TCHQ-CCHĐH in response to inquiries from the Korean Business Association in Vietnam. Accordingly, in cases where goods such as components, accessories, and materials are brought into the domestic market for the purpose of replacing, repairing, or upgrading machinery, equipment, and molds of […]

On August 30, 2024, the General Department of Taxation issued Official Letter No. 3879/TCT-KK regarding VAT refunds. According to this letter: *Supplementing Tax Declarations:  If a company discovers errors or omissions in its previously submitted tax declarations, it may file a supplementary declaration in accordance with Article 47 of the Tax Administration Law No. 38/2019/QH14 […]

On August 30, 2024, the General Department of Taxation issued Official Letter No. 3872/TCT-CS regarding tax policy. According to the letter, if a company is acquired by another company in Vietnam that purchases 100% of the equity from the current shareholders to become the owner of the company, and following this acquisition, the two companies […]