Opinion on VAT

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, […]

Amendments to Tax Payment Extension Procedures

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 […]

Tax Policies and Customs Procedures for Non-Taxable Goods of Export Processing Enterprises (EPEs)

Tax Policies and Customs Procedures for Non-Taxable Goods of Export Processing Enterprises (EPEs)

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 […]

Official Letter No. 3879/TCT-KK regarding VAT refunds.

VAT Refund

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 […]

Tax Policy for Mergers and Acquisitions

Tax Policy for Mergers and Acquisitions

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 […]

Tax

Adjust erroneous invoices

On March 13, 2024, the General Department of Taxation issued Official Dispatch No. 954/TCT-CS on adjusting erroneous invoices. Pursuant to Clause 6, Article 12 of

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tax advice in vietnam

Tax apply to dividend pay

Question: We are a Joint Vienture in Vietnam and please advise the tax apply to dividend pay incase our company pay dividend to Vietnamese owner

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Legal need in vietnam

Tax incentive in Vietnam

Question: We are FDI company in Hoai Nhon district, Binh Dinh province and is located in the area where we may have the tax incentive,

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