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Business of socialization activities have been developed as an alternative way of supplying public goods and services. The socialization incentives have been applied to attract growing capital, which directly linked the social performance of an enterprise with its profitability.

On 16th March 2020, the Vietnam Ministry of Finance issued the Decision 345/QD-BTC on approval of proposal to Financial Reporting Standard (“FRS”) application in Vietnam. Key information and impacts of this decision are summarized as follows.

Published in March 2020

Planning for coronavirus impact

We launch a series of Brief discussion on Tax Finalization and Profit Remittance Abroad, Corporate Income Tax Incentive for Social Impact Projects, and Tax Breaks for High-tech Transfers.

Tax Newsletter, Update on new regulations and important tax policies

The sector seems to be attracting a lot of attention from both private airlines and the regulators, whilst Vietnam Airlines the state owned carrier records record number of passengers and a growing fleet of aircraft.

Insights, Labour Productivity- is a breakthrough imminent?

Doing Business in Vietnam 2019

Update on new regulations and important tax policies

Tax Newsletter No.5 |June 2019

On Friday the British Ambassador HE Gareth Ward addressed members of the British Business Group Vietnam on the UK’s new industrial strategy and opportunities in line with the Vietnamese Governments Industry 4.0 Strategy. I quote below

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

Tax Newsletter No.4 |April 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: