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 123/2020/ND-CP on invoices and documents
On 19 October 2020, The Government issued Decree 123/2020/ND-CP (“Decree 123") on invoices and documents, accordingly, E-invoices is encouraged to be adopted before 01 July 2022 and shall be compulsory from 01 July 2022, i.e. the effective date of the Decree. Decree 123 has the following noteworthy points.
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: