Skip to main content Skip to search

Archives for Taxation

Personal Income Tax in Vietnam: Exemptions and Reductions

Personal Income Tax in Vietnam: Exemptions and Reductions For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) involves decoding a number of rules. Following this, foreign workers need to calculate their precise liability and any applicable deductions. Consulting with an in-country…

Read more

Implementing the Law on Tax Administration: Decree 126

Implementing the Law on Tax Administration: Decree 126 Decree 126 took effect on December 5, 2020. As described in our previous article on tax administration, the regulations allow tax authorities additional power to collect tax, particularly in instances where individuals…

Read more

THE NEW LAW ON TAX ADMINISTRATION 38/2019/QH14

Below are some notable points: Tax risk management principles are introduced, with a focus on transfer pricing and enhancement of international cooperation ▪ New principles of tax administration are introduced, including independent transactions rules (“nguyên tắc giao dịch độc lập”),…

Read more

Law on Tax Administration – Transfer pricing

Some of the key transfer pricing-related changes include: Transfer pricing declaration forms In 2017, Decree 20/2017/ND-CP introduced revised transfer pricing declaration forms that require the disclosure of detailed qualitative and quantitative information. Form No. 01 requires taxpayers to disclose financial…

Read more

Law on Technology Transfer

Technology transfer penalties The National Assembly issued Decree 51/2019/ND-CP in June which sets out penalties under the Law on Technology Transfer 2017 (“LTT 2017”). LTT 2017 came into effect on 1 July 2018 and Decree 51 was issued to define…

Read more