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In this newsletter, Grant Thornton Vietnam would like to update some tax policies and new significant guidance

In this newsletter, Grant Thornton Vietnam would like to update some tax policies and new significant guidance

In this newsletter, Grant Thornton Vietnam would like to update certain significant points in a new decree and some tax guidelines

In this newsletter, Grant Thornton Vietnam would like to update some significant points relating to the recent guidelines issued by the tax authorities

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 would like to update certain notable points in a new Decree and guidelines relating to tax policies and compulsory insurances

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

The Insurance policy administered by Social Insurance authorities is a major policy of the Communist Party and the State, which promotes the stable lives for employees, political stability, social security.

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.

In this month’s newsletter, Grant Thornton Vietnam would like to update the regulations related to tax and labor

In an effort to provide detailed guidelines for implementation of some articles of the Decree No. 20/2017/ND-CP (“Decree 20”) issued by the Government on 24th February 2017 and promulgated the management of taxation on businesses having related party transaction(s), on 28th April 2017, the Ministry of Finance has issued Circular No. 41/2017/TT-BTC (“Circular 41” or “the Circular”) with effect from 1st May 2017 onwards.

In recent years, Vietnam has experienced favorable growth in the nation’s construction industry and the construction sector shows no sign of stagnation. For foreign contractors, it is a legal prerequisite to obtain a proper license (‘‘construction permit’’), in order to operate in Vietnam. The legal requirements are applicable to an extensive group of foreign contractors, including general contractors, main contractors, joint venture contractors and subcontractors.

Provincial Department of Finance to coordinate with the Provincial Department of Planning and Investment, Tax and Customs Authorities in inspecting the implementation of financial enterprise policies and mechanisms at foreign invested enterprises from 24th July 2017.

Technology Transfer Contract shall be registered, audited and complied with Vietnamese regulations on assigned price from 1st July, 2018 onwards.

In this newsletter, Grant Thornton Vietnam would like to update you on the tax regulations and preferential policies regarding industrial cluster development

On June 06th, 2017, Vietnam Government issued Decree No. 71/2017 / ND-CP ("Decree 71") regarding the corporate governance applicable to public companies effective from August 01st, 2017. Circular No. 121/2012 / TT-BTC dated July 26th, 2012 issued by the Ministry of Finance stipulated corporate governance applicable to public companies, will be repealed on the effective date of Decree 71.