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Decree No. 92/2021/ND-CP regulating the implementation of Resolution No. 406/NQ-UBTVQH15 of the National Assembly Standing Committee promulgating some incentives to support businesses and individuals affected by the Covid-19 pandemic.

Valerie Teo and Nguyen Tan Tai of Grant Thornton Vietnam explain the new measures.

In this newsletter in August 2021, Grant Thornton Vietnam would like to update some important tax and customs regulations that have been issued recently.

Dam Bao Ngoc and Lac Boi Tho of Grant Thornton Vietnam discuss the expenses incurred in the formation of a business in Vietnam and explain how to maximize tax deductibility.

Valerie Teo and Nguyen Tan Tai of Grant Thornton Vietnam detail the incentives available for foreign investors in Vietnam and provide guidance on what issues businesses need to be aware of when considering investment.

Resolution 68/NQ-CP dated 1/7/2021, Decision No. 23/2021/QD-TTg dated 07/07/2021 and Official Letter 1988/BHXH-TST detailing and guiding the procedures for applying supporting policies for businesses and employees facing difficulties due to the impact of the pandemic have been issued

Valerie Teo and Nguyen Tan Tai of Grant Thornton Vietnam discuss the tax implications and the possible application of double tax agreements in relation to the supply of goods and services into Vietnam.

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

Decree 57/2021/ND-CP supplementing Decree No. 218/2013/ND-CP on CIT incentives for projects manufacturing supporting industry products implemented before 1 January 2015

Nguyen Tan Tai, Tax and Corporate Services Manager at Grant Thornton Vietnam said, “Vietnam has regulations on personal income tax (PIT) on investment gain, specifically for real estate. The local authorities can consider appropriate tax rates periodically.”

The Tax Administration Law in Vietnam has brought notable changes to improve tax collection and to keep abreast of changes to the digital economy. Valerie Teo and Nguyen Tan Tai, of Grant Thornton, consider the impact of the new law, effective from July 1, 2020, on e-commerce business in Vietnam.

With the increasing trends in economic integration, it is normal that overseas organizations and foreign individuals generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organization earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (FCT).

With the increasing trends in economic integration, it is normal that overseas organizations and foreign individuals generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organization earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (FCT).

Tax Newsletter No.5 |June 2019

Having a look back after more than one year of implementation of Transfer Pricing regulations stipulated in Decree 20/2017/ND-CP and Circular 41/2017/TT-BTC.

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