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.

Circular 40 takes effect from 01 August 2021.

Download full issue in English and Vietnamese below

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Documents

[ENG] Mazars in Vietnam_​Tax alert_​Circular 40 on PIT, VAT for individual household doing business
[VIE] Mazars Vietnam_​Tin Thuế_​Thông tư 40 về thuế TNCN-GTGT đối với hộ kinh doanh, cá nhân kinh doanh

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