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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Mazars in Vietnam Newsletter - Tax & legal updates - November 2020
We would like to bring you tax and legal updates for November 2020 with the following highlights influencing the corporate operations and payroll activities:
Tax alert - Draft Decree on CIT incentives for projects manufacturing prioritised supporting industry products
Draft Decree on CIT incentives for projects manufacturing prioritised supporting industry products.
Tax Alert - Decree 126 guiding Law on Tax administration 2019
On 19 October 2020, the Government issued Decree 126/2020/ND-CP ("Decree 126") providing further guidance on the implementation of Law on Tax administration 2019. This Decree takes effect from 05 December 2020 and will abolish the previous guidances on tax administration, as well as the previous forms used for tax declaration.
Mazars in Vietnam Newsletter - Customs Update - Issue November 2020
We would like to bring you notable customs updates for November 2020 with the following highlights influencing the corporate operations activities:
Tax Alert - Decree 123/2020/ND-CP on invoices and documents
On 19 October 2020, The Government issued Decree 123/2020/ND-CP (“Decree 123") on invoices and documents, accordingly, E-invoices is encouraged to be adopted before 01 July 2022 and shall be compulsory from 01 July 2022, i.e. the effective date of the Decree. Decree 123 has the following noteworthy points.