Tax & Legal updates - Tax considerations for the assets damage cost and financial support to other impacted organizations

Therefore, in addition to focusing on these urgent and meaningful tasks, businesses also need to pay attention to how to implement them as well as the preparation of valid documents and documents to minimize tax risks in the future.

In addition, current tax regulations also grant tax exemption, reduction or extension of deadline for tax payment for taxpayers affected by natural disasters. Capturing information and having a clear overview of these policies will help businesses take advantage of appropriate support solutions.

The following article will include contents related to policies on tax exemption, reduction or extension of tax payment as well as points that businesses need to pay attention to in terms of Corporate Income Tax ("CIT"), Value Added Tax ("VAT"), and Personal Income Tax ("PIT").

Download the full documents in below.

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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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*Disclaimer:

This is a guide from Forvis Mazars in Vietnam to update the latest developments in tax, accounting and investment environment in Vietnam. The information and analysis or comments herein are of the generic nature and are quoted or interpreted from the regulations. We recommend that the clients contact Forvis Mazars Vietnam’s advisors for further clarification and professional advice for each particular circumstance.