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 Alert - Decree 114 on the reduction of CIT payable for fiscal year 2020
On 25 September 2020, the Government issued Decree 114/2020/ND-CP providing further guidance for Resolution 116/2020/QH14 ("Resolution 116") on reduction of Corporate Income Tax ("CIT") for fiscal year 2020 which is applicable for enterprises, co-operatives, public non-business units, and other organizations whose revenues do not exceed VND 200 billion.
Mazars in Vietnam Newsletter - Issue September 2020
We would like to bring you tax and legal updates for September 2020 with the following highlights influencing the corporate operations and payroll activities:
Customs Alert - Decree on promulgating Import & Export tariff schedule for EVFTA
On September 18th 2020, Prime Minister Nguyen Xuan Phuc approved the promulgation of Decree no. 111/2020/ND-CP (Decree) relating to Vietnam’s import & export tariffs schedule in accordance to the European Union Vietnam Free Trade Agreement (EVFTA), for the period of 2020 – 2022.
Mazars in Vietnam Newsletter - Issue August 2020
We would like to bring you tax and legal updates for August 2020 with the following highlights influencing the corporate operations and payroll activities:
Tax Alert - Decree 68 on the deductibility of interest expenses
On 24 June 2020, the Government issued Decree No. 68/2020/NĐ-CP ("Decree 68") amending Clause 3, Article 8 of Decree No. 20/2017/ND-CP (“Decree 20”) with regard to the deductibility of interest expenses incurred by companies having related-party transactions. Following up, on 14 July 2020, the Ministry of Finance issued Official Letter No. 2835/TCT-TTKT ("OL 2835") providing further guidance on the application of Decree 68.