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

Failure to manage permanent establishment risks when doing cross-border business activities may result in an unexpected negative impact on a multinational corporation’s tax position.

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

Nowadays, with the trend of globalization, companies increasingly have extensive business operations across many territories and jurisdictions but not all of them have a good understanding about domestic tax regulations, in host countries, as well as tax treaties.

In this newsletter, Grant Thornton Vietnam would like to update significant points as follows:

Update on the latest regulations and important tax policies

Update on new Decrees, Circulars and guidance relating to tax policies June 2018 In this newsletter, Grant Thornton Vietnam would like to update significant points as follows: 1. Decree 59/2018/ND-CP and Circular 39/2018/TT-BTC providing guidelines on customs procedures 2. Decree 39/2018/ND-CP providing guidance for Law on support for small and medium size enterprises 3. Circular 25/2018/TT-BTC supplementing certain new guidelines on Value Added Tax, Corporate Income Tax and Personal Income Tax

Liquidation of a Vietnamese legal entity is a lengthy and complicated process in which the final tax audit involves a lot of efforts of the dissolving entity. This article is to provide a list of key and common issues, which are frequently challenged by the tax authorities, during a tax audit upon dissolution for the enterprises’ perception and compliance in order to mitigate the risks of additional tax liabilities, penalties and interest on late tax payment.

Welcome to our Tax hub for tax newsletters, tax updates on the new policies.

With the increasing number of mergers and acquisitions (“M&A”), transfer of contributed capital and securities is becoming more common and is widely used by both domestic and foreign investors. How to comply with the regulations and have efficiency tax efficient approach is one of the key concerns of most shareholders, who would like to invest or divest their ownership in a Vietnamese company. In general, share transfer in Vietnam includes the sale of capital contributed in a limited liability company (“LLC”) and securities of a joint stock company (“JSC”), and in certain circumstances, the taxes imposed on each transaction are different.

Update on new decree and guidance relating to tax policies, customs and labour issues

The majority of Vietnamese taxpayers end their financial years on December 31 and thus will be subject to the deadline for 2017 corporate income tax (“CIT”) returns on March 31, 2018.

Whilst corporate tax avoidance continues to grab headlines, some of the biggest reforms are in fact occurring within indirect tax.

In this newsletter, Grant Thornton Vietnam offers guidance on updates related to tax policies

Retaining key personnel has always been a company’s prerequisite policy in paving the way to prosperity. Employee Shares Ownership Plan (‘‘ESOP’’) has long been considered a good management tool and compensation benefit, for the retention of human capital, as well as a good solution for those companies with limited cash flow. ESOP is not a new term, however its important tax implications have been continuously provoking controversy. This report investigates the Personal Income Tax (‘‘PIT’’)’s exposure under ESOP schemes, which provide beneficiaries a better understanding and thus the ability to minimize the tax risk.