Mazars in Vietnam Newsletter - Tax & Legal Update - Issue April 2023

We would like to bring you the latest issue of Mazars Tax & legal Update Newsletter in April 2023, which covers wide range of guidance on tax administration, VAT, PIT, FCT and investment practices.

I. Operational updates

Guidance on corporate income tax (“CIT”) policy for value added tax (“VAT”) on invoices for goods used for giving, donating, or gifting
Official Letter 3281/CTBDU-TTHT providing guidance on personal income tax (“PIT”) and CIT treatments on gifts from the lucky draw
Official Letter 4035/CTHN-TTHT guiding on foreign contractor tax (“FCT”) treatment in case of purchasing Slack, Github packages via technology platforms
Guidelines on tax policy regarding destroyed or returned goods
Other guidelines on E-invoices
Official Letter 924/BTC-QLKT issued by the Ministry of Finance providing guidance on International Financial Reporting Standards (“IFRS”) application

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Download the full documents in below.

OUR SUPPORT

For regulation changes and tax matters, we can provide you with assistance on:

Registration, declaration of Personal Income Tax, Corporate Tax, VAT and Foreign Contractor Tax.
Tax refunds assistance and representation.
Consultancy on utilizing opportunities provided by transfer pricing.
Customs advisory: Compliance & reporting; FTA and C/O; Harmonised System code classification and valuation; Inventory control; International trade arrangement; and Others.

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