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.
To receive Forvis Mazars Vietnam regular Tax & Legal Updates via newsletter emails:
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.
Mazars in Vietnam Newsletter - Issue July 2020
We would like to bring you tax and legal updates for July 2020 with the following highlights influencing the corporate operations and payroll activities:
Tax Alert - Resolution on the reduction of CIT for the fiscal year 2020
On 19 June 2020, The National Assembly approved Resolution 116/2020/QH14 on the reduction of Corporate Income Tax ("CIT") for the fiscal year of 2020 for enterprises, co-operatives, public services organizations, and other organizations.