Updates on taxation, labour and customs

29 Jun 2016

In this newsletter, Grant Thornton Vietnam would like to highlight the following updates relating to taxation, labour and customs:

Amendments on Value Added Tax (“VAT”), Special Consumption Tax (“SCT”) and Law on Tax Administration effective from 1 July 2016
Ministry of Finance provides guidance on the determination of regular investment before 2014
Endowment Insurance in Japan
Personal Income Tax Exemption procedures for foreign experts implementing ODA Projects
Enterprises to contribute 1% of their salary fund for social insurance contributions of employees to the Insurance fund of occupational accidents and diseases from 1 July 2016
Law on export and import no. 107/2016/QH13 which comes into force from 1 September 2016
Import of used machinery and equipment where contracts are signed and shipment is en route before 1 July 2016