CORPORATE INCOME TAX (CIT) Regulations on Provision for Investment Losses In cases where a company does not have sufficient grounds, at the time of preparing its annual financial statements, to determine that its investment in a subsidiary has decreased in…

CORPORATE INCOME TAX In June 2025, no new official letters regarding Corporate Income Tax (CIT) were issued. However, enterprises should continue to take note of several important guidelines issued during April–May 2025, which remain in effect, specifically: Tax Guidance on…

CORPORATE INCOME TAX (CIT) Tax Guide for Business Support Expenses. Companies that pay support (sales, promotions, discounts) to business households and individuals paying lump-sum taxes must declare and pay taxes on their behalf according to Decree No. 126/2020/ND-CP. Support expenses…

TAX MANAGEMENT  New organizational structure of the Tax sector continues to be improved: The Ministry of Finance continues to implement decisions on reorganizing the Tax sector according to Decision No. 381/QD-BTC dated February 26, 2025, and related decisions issued in…

TAX ADMINISTRATION New Organizational Structure of the Tax Sector: The organizational structure of the Tax sector and tax authorities at all levels has been reorganized under: Decision No. 381/QĐ-BTC dated February 26, 2025, issued by the Ministry of Finance, which…

TAX ADMINISTRATION Decree No. 70/2025/ND-CP dated March 20, 2025 amending Decree No. 123/2020/ND-CP dated October 19, 2020 on invoices and documents: Decree No. 70/2025/ND-CP issued by the Government (effective from June 1, 2025) amends Clauses 1 and 2, Article 9…

I.VALUE – ADDED TAX (VAT) 1.Recover VAT refund for exported goods and services On January 8, 2025, the General Department of Taxation issued Official Dispatch No. 99/TCT-CS responding to Official Dispatch No. 1222/CT-TTKT dated January 17, 2024 of Lang Son…

I. VALUE-ADDED TAX (VAT) VAT Refund for New Investment Projects On December 20, 2024, the General Department of Taxation issued Official Dispatch No. 6141/TCT-KK, providing guidance on VAT policies as follows: The investment project of Tac Cau Seafood Joint Stock…

I. VALUE ADDED TAX 1. Refund of VAT on exports On November 6, 2024, the General Department of Taxation issued Official Dispatch No. 5025/TCT-KK guiding VAT refunds on exported goods as follows: In case the information declared on the tax…

Regarding the VAT policy during the construction phase of Export Processing Enterprises On August 14, 2024, the Tax Department of Bac Ninh Province issued Official Letter No. 3918/CTBNI-TTHT regarding the VAT policy during the construction phase of Export Processing Enterprises…