Vietnam tax & legal updates
You will find here all the issues of our "Vietnam Spotlight" newsletter related to the recent Tax, Legal and Accounting updates.
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Tax & legal alert - Circular 40 guiding VAT, PIT and Tax administration for business households and individuals
On 01 June 2021, the Ministry of Finance (“MoF”) issued Circular 40/2021/TT-BTC (“Circular 40”) guiding Value Added Tax (“VAT”), Personal Income Tax (“PIT”) and Tax administration for business households and individuals. This Circular officially replaces and abolishes Chapter I and II of Circular 92/2015/TT-BTC (“Circular 92”) guiding the implementation of VAT and PIT applicable to residents doing business.
Tax & legal alert - Decree 57 on CIT incentives for projects manufacturing prioritised supporting industry products
On 04 June 2021, the Government released Decree 57/2021/ND-CP (“Decree 57”), amending Decree 12/2015/ND-CP (“Decree 12”) regarding Corporate Income Tax (“CIT”) incentives for projects manufacturing prioritised supporting industry products (hereinafter referred to as "SI projects").
Customs alert - New guidance on rules of origin under UKVFTA
The newly enacted UKVFTA includes several new rules and measures regarding tariff-rate quotas, rules of origin, preferential tariffs, and service promotions. In this alert, Mazars Vietnam would like to highlight new updates on the rules of origin under this agreement.
Mazars in Vietnam Newsletter - Customs Update - Issue May 2021
We would like to bring you notable customs updates for May 2021 with the following highlights influencing the corporate operations activities:
Customs alert - New guidance on Customs export and import code for declaration
Vietnam General Department of Customs has recently released new guidance on several applied Customs export/inport codes for declaration.