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On 16 February 2021, the Singapore Budget 2021 was delivered by Mr Heng Swee Keat, Deputy Singapore Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance.

In the first newsletter of 2021, Grant Thornton Vietnam would like to update our valued customers on important legal policies that have just been issued recently.

Update on new regulations and important tax policies

In this newsletter, Grant Thornton Vietnam would like to update the important regulations and tax policies as follows:

In this newsletter, Grant Thornton Vietnam would like to update the important regulations and tax policies as follows:

1. Value Added Tax (“VAT”) and Personal Income Tax (“PIT”) declaration for individuals doing business under Business Cooperation Contracts (“BCC”) with Uber. 2. Tax and tax administration regulations on the operation of Foreign-Based Companies which are running businesses in the field of e-commerce or bookings/reservations, in Vietnam.

Tax Newsletter updates tax policies on Funds for real estate investment (“the Funds”), Personal Income Tax (“PIT”) imposed on brokerage activities, business cooperation with individuals and Business Licenses for commercial trading activities and other activities directly related to purchase and sale of goods by Foreign Invested Enterprises (“FIE”) in Vietnam.

Tax Newsletter

Global tax newsletter is designed to keep you up to date with significant tax developments around the world that impact businesses with cross-border operations. It addresses issues of a global nature as well as domestic tax developments of interest to foreign investors. The newsletter aims to cover tax developments on a regional and international basis.