Tax newsbriefs

Newsletter on Circular 40/2021/TT-BTC

30 June 2021
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Decree 52/2021/ND-CP on tax payment extension for VAT, CIT, land rental

26 April 2021
On 19 April 2021, the Government released Decree 52/2021/NĐ-CP on the extension of payment deadlines of taxes and land rental fee for the year 2021. The Decree entered into effect from the signing date.
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Decree No. 126/2020/ND-CP guiding to implement the Law on Tax Administration 2019

19 March 2021
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Guidance on personal income finalization in 2020

17 March 2021
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Important updates of Decree 132 for Corporate Income Tax 2020

16 March 2021
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Government has issued Decree 132/2020/ND-CP

2 December 2020
On 05 November 2020, Government has issued Decree 132/2020/ND-CP providing guidance on tax management for enterprises engaging in related party transactions (hereinafter referred to as “Decree 132”). Decree 132 will take effect from 20 December 2020 and apply for Corporate Income Tax ("CIT") year of 2020.
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Guidance for procedures to accept proofs of origin under EVFTA

18 September 2020
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The National Assembly passed Resolution on Corporate Income Tax reduction

23 July 2020
The National Assembly passed Resolution No. 116/2020/QH 14 on Corporate Income Tax reduction in 2020 for business with its revenue of less than VND 200 billion. Please follow the link below to read full newsbrief.
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Decree 68/2020/ND-CP (“Decree 68”)

6 July 2020
On 24 June 2020, Government has issued Decree No. 68/2020/ND-CP (“Decree 68”) amending and supplementing Clause 3, Article 8, Decree No. 20/2017/ND-CP on guiding tax administration for enterprises engaging in related party transactions. Decree 68 took effect from the date of signing and is applied for Corporate Income Tax ("CIT") year of 2019.
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Decree 58/2020 ND-CP (“Decree 58”)

1 July 2020
On 27 May 2020, the Government issued Decree 58/2020 ND-CP (“Decree 58”), providing guidance on employer’s contribution to the SI fund for occupational diseases and accident. Decree 58 comes into effect on 15 July 2020. Please follow the link below to read full newsbrief.
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Extension of deadline to pay tax

16 April 2020
On 08 April 2020, the Government released Decree 41/2020/NĐ-CP regarding the extension of deadlines for payments of taxes and land rental fee. The Decree took effect from the signing date (08 April 2020). Please follow the link below to read full newsbrief.
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Support for PIT finalization in 2019 by HCMC Tax Dept

6 March 2020
Ngan Phan
Notice of HCMC Tax Department regarding support for Personal Income Tax (PIT) finalization in 2019 for individuals and organizations Read more
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Free Trade Agreement signed with European Union (EVFTA)

4 July 2019
After a long journey, the EU-Vietnam Free Trade Agreement (EVFTA) and EU–Vietnam Investment Protection Agreement (IPA) was signed in Hanoi on Sunday, 30 June 2019. It’s the second largest trading partner in the ASEAN region.
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Policies take effect in May

22 May 2018
Policies take effect in May   03 - 05 - 2018 VGP  
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Conditions for registering for multi-level marketing activities

2 April 2018
The Government has issued Decree No. 40/2018/NĐ-CP on management of multi-level marketing activities. An organization registering for multi-level marketing activities must meet seven following conditions:
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State President promulgates six new laws

19 December 2017
The Office of the State President convened a press conference to announce the State President’s orders to publicize six new laws which were passed at the recent fourth session of the 14th National Assembly.
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VAT refund process needs simplifying: experts

11 December 2017
Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists.
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Policies come into force since December

5 December 2017
A string of new policies on administrative penalties on measurement, management of State budget on external activities, and supervision of stock transactions will come into effect since December 2017. Administrative violations on measurements 
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Ministry proposes tax law changes

18 November 2017
The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.
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Policies take effect since November

18 November 2017
A series of new policies on wine business, establishment of social support facilities, supervision of securities transactions on the securities market, assessment of language proficiency come into effect in November 2017. Encouraging establishment of social support facilities
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Proposed new tax law

28 September 2017
The Ministry of Finance recently held a press conference to discuss a draft new tax law amending the current laws on VAT, Special Sales Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Tax.
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Derivatives trading: Individual investors must pay 0.1% tax

9 September 2017
Individual investors that participate in derivatives trading market have to pay a 0.1 per cent income tax for derivatives trading transactions. The tax is imposed on the trading prices of derivatives transactions, which could be sell and buy orders and expiry of the futures contracts.
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New regulations on import and export

7 September 2017
The Ministry of Finance has held a meeting to introduce changes in the list of Viet Nam’s export and import goods as per Circular No 65/2017 / TT-BTC. The new circular will take effect from January 1 next year.
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Six new laws announced

8 August 2017
The Presidential Office on July 12 organized a press conference to announce six new laws which were approved at the third session of the 14th National Assembly.
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Policies take effect in May

26 July 2017
VGP   From May 5, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.
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Fresh policies take effect in April

13 April 2017
A string of new policies on trade reconciliation, energy labeling, cash collection and expenditure, financial management mechanism for Viet Nam Electricity Group (EVN) will come into effect in April. Trade reconciliation
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Host of new regulations take effect this month

5 April 2017
A range of fresh policies coming into effect this month will force major changes nationwide, including registration before drawing money from the State budget and energy labels on cars and motorbikes.
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New policies take effect in March

13 March 2017
A string of new policies on certificates of land use rights, casino business activities for Vietnamese residents, horse and greyhound racing and international football betting, and government guarantee come into force in March. Grant of certificates of land use rights
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New policies take effect in February 2017

7 February 2017
New regulations on e-visas for foreigners, sanctioning of administrative violations in the field of environmental protection, duty-free goods and business in prize-winning electronic games for foreigners will come into effect since February 2017. Pilot grant of e-visas for foreigners
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Policies for foreigners in VN since January 1, 2017

7 February 2017
A wide range of policies applied for foreigners in Viet Nam took effect since January 1, 2017. Fees on entry, exit, transit, residence in VN
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Policies for foreigners come into effect in 2016 (Part 2)

7 February 2017
A series of regulations on foreign workers, personal income tax exemptions for experts of UN, NGOs, number of apartments owned by foreigners, management of foreign construction contractors and foreign insurance business providing trans-border insurance services have taken into effect since the second half of 2016.
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Effective policies relating to foreign elements in 2016 (Part 1)

7 February 2017
A string of new policies on civil status registration, employment, escorted transfer of violators, and individual income exemption involving foreign elements came into effect in 2016. Civil status registration The Law No. 60/2014/QH13, dated November 20, 2014, on civil status came into force since January 1, 2016.
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Fresh laws take effect since January

10 January 2017
The Civil Code and six amended laws on State Budget, Press, Pharmacy, Fees and Charges, Accounting, and amendments to Article 6 and Annex 4 of the Law on Investment took effect since January 1, 2017.
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New policies take effect in January

10 January 2017
The Government issued Decree No. 139/2016/ND-CP dated on October 4, 2016 to regulate licensing fees.
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