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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.

Nghiem Xuan Hong An of Grant Thornton Vietnam explains how foreign investors need to implement their investments via a direct investment capital account with an authorized bank in 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

Ms Valerie Teo and Mr Nguyen Tan Tai of Grant Thornton Vietnam discuss different approaches to business transfer in Vietnam and considerations for international investors who may be targeting established businesses in the country.

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.”

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

Nguyen Dinh Du and Do Vu Bao Khanh of Grant Thornton Vietnam look at transfer pricing audits in Vietnam, from the process to potential challenges, and discuss how taxpayers can mitigate risks.

Nguyen Dinh Du and Do Vu Bao Khanh of Grant Thornton Vietnam explain the new regulations introduced recently in Vietnam updating the national transfer pricing regime, and consider the resulting benefits and challenges of these measures for taxpayers.

Valerie Teo and Nguyen Tan Tai of Grant Thornton Vietnam discuss the tax implications for foreign-sourced income and the possibility of claiming a tax credit for foreign taxpayers in Vietnam.

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.

Mr Nguyen Hung Du and Ms Tran Nguyen Mong Van of Grant Thornton Vietnam discuss the tax treatment of royalties in Vietnam and the potential benefits and opportunities for foreign enterprises there.