Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
These updates are on recent policies/ guidelines of the State competent authorities as of June 2020 on supporting enterprises affected by COVID-19 pandemic.
As in our previous spotlight, the Government has issued Directive No. 11/CT-TTg on the urgent tasks and solutions to remove difficulties for production and business and ensure social security in order to cope with COVID-19.
Update on recent guidance of tax treatments (CIT, VAT) & Official Letter No. 8107/TCHQ-TXNK from General Customs Department.
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In December 2019, the Ministry of Finance has released the Draft Decree to amend and supplement Clause 3, Article 8 of Decree No. 20/2017 / ND-CP guiding on tax management for enterprises engaging in related party transactions (hereinafter referred to as “the Draft Decree”) and are seeking public comments from the affected entities.
On 13 June 2019, the National Assembly ratified the Law on Tax Administration No. 38/2019/QH14 (“LTA 2019”) which will take effect from 01 July 2020, replacing the guidelines of the previous Law on Tax Administration (“LTA”).
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In this Spotlight 05/2019, RSM would like to inform significant guidance on Enterprises are not allowed to extend the deadline for Value-added Tax payment and refund related to machinery and equipment imported to create fixed assets of investment projects from 20 May 2019.
In the last spotlight October 2018, we informed some remarkable contents in Decree No. 119/2018/ND-CP guidance on electronic invoice. Given the guidance on electronic invoice application, Ministry of Finance released the Draft Circular guiding implementation of Decree No. 119/2018/ND-CP.
In 2018, RSM have seen significant changes in the local regulations, as well as your concerns on updating and complying with these new regulations. Therefore, we have a summary of the compulsory regulations in the past year.
According to Circular 219/2013/TT-BTC providing guidance on implementation of the Law on VAT, services being consumed outside of Vietnam or in the non-tariff zone are subject to 0% VAT.
Decree 119/2018/ND-CP on e-invoicing has been finally approved by the Government and officially released on 12 September (effect from 1 November 2018). Decree 119 makes e-invoices compulsory for all enterprises from 1 November 2020.
RSM Vietnam would like to update recent guidance issued by the authorities, including:
Decree 76/2018/NĐ-CP on Law on Technology Transfer
The 4th Draft Decree on Electronic Invoices
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