Tax Newsletter December 2016

22 Dec 2016

In this newsletter, Grant Thornton Vietnam would like to update the following issues relating to tax, insurance, trade union and customs for your reference:

Circular 173/2016/TT- BTC on input Value Added Tax (“VAT”) deductibility conditions which took effect from 15 December 2016
Cases not entitled to VAT refund from 1 July 2016
Foreign Contractor Tax (“FCT”) policy on transferring the right of use of trademark
Increment of mid-shift meals and lunch allowance
General Department of Taxation requests the local tax authority to prevent and repel the exploitation of sale and issuance of single invoices which are commonly used for claiming of expenses, which might lead to losses to the state budget collection in 2017
Contribution to trade union fee in 2017
10% VAT for mold repair service
Import tax exemption for materials imported before 01 September 2016