Professional Update

Why should you join the Transfer Pricing course at MACT Vietnam? Joining the Transfer Pricing course at MACT Vietnam, you will study with lecturers who have in-depth knowledge and many years of practical experience in the field of Taxes, Audit and Legal Consulting in Vietnam and some countries …

LEGAL UPDATE ON TAXES AND INVOICES Personal Income Tax (“PIT”) on gifts On 03 January 2020, the Binh Duong Tax Department issues Official Letter No. 69/CT-TTHT ("OL 69") on Personal Income Tax ("PIT") for gifts to clients. Accordingly, OL 69 clearly regulates that in case gift value given to …

We have realized that recently Vietnamese Government and competent agencies have issued many regulations on corporate income tax (“CIT”) incentives to support and promote the business investment environment in Vietnam. MACT Vietnam Co., Ltd (“MACTVN”) would like to highlight some outstanding content …

UPDATE ON TAX POLICIES Value Added Tax (“VAT”) refund for new investment projects On April 1, 2021, General Department of Taxation issued Official Letter No. 944/TCT-CS on VAT refund for new investment projects (“Letter 944”). Accordingly, the guidance is that the Enterprises have registered to …

NEW REGULATIONS ON TAX ADMINISTRATION FOR ENTERPRISES HAVING RELATED TRANSACTIONS On 05 November 2020, the Government issues Decree No. 132/2020/ND-CP ("Decree 132") replacing Decree No. 20/2017/ND-CP dated 24 February 2017 ("Decree 20") and Decree No. 68/2020/ND-CP dated 24/06/2020 ("Decree 68") …

LEGAL UPDATE ON TAXES AND INVOICES Personal Income Tax (“PIT”) on gifts On 03 January 2020, the Binh Duong Tax Department issues Official Letter No. 69/CT-TTHT ("OL 69") on Personal Income Tax ("PIT") for gifts to clients. Accordingly, OL 69 clearly regulates that in case gift value given to …

Important guideline on tax management of related transactions On 14 July 2020, the General Department of Taxation issued Official Letter No. 2835/TCT-TTKT ("OL 2835") guiding Decree No. 68/2020/ND-CP ("ND 68") on tax administration for enterprises having related transactions. OL 2835 clarifies …