About Corporate Income Tax Official Dispatch No. 5782/TCT-CS dated December 19, 2023 on goodwill costs when calculating corporate income tax According to the report of the Hanoi Tax Department in official dispatch No. 65207/CTHN-TTHT dated September 8, 2023, GE Healthcare…

  I. Tax policy Draft on the need to amend and supplement Decree No. 132/2020/ND-CP dated November 5, 2020 of the Government on regulations on tax management for enterprises with associated transactions On November 23, 2023, the Ministry of Finance…

Question 1. Handling when EBITDA is negative. Question: Company A is a subsidiary of Company B (B is a 100% foreign-invested enterprise in Vietnam). Company A borrowed money from Company B’s overseas parent company. I would like to ask if…

Vietnam has actively signed the Double Taxation Avoidance Agreement to create an equal and favorable business environment for taxpayers. Domestic and foreign subjects that generate income between countries that have signed double taxation avoidance agreements are very interested in this…

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…

Vietnam’s E-invoices: Decree 123 Delays Implementation Until July 2022   Vietnam issued Decree 123 delaying the implementation of the use of electronic invoices (e-invoices) to July 1, 2022. E-invoices are expected to save businesses time and money, contributing to greater…

Vietnam Issues Penalties for Violations in Tax and Invoicing: Decree 125 The Vietnamese government issued Decree 125/2020/ND-CP (Decree 125) on October 19 listing several penalties and administrative fines for breaches in tax and invoicing regulations. The Decree will come into effect on…

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…

GOVERNMENT ——- SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom – Happiness ————— No. 132/2020/ND-CP Hanoi, November 5, 2020   DECREE PRESCRIBING TAX ADMINISTRATION FOR ENTERPRISES HAVING RELATED-PARTY TRANSACTIONS Pursuant to the Law on Government Organization dated June 19, 2015; the…

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”),…