Articles

December 5, 2024

Why should audit service quality be a priority?

When choosing audit services, many businesses are often attracted by low fees. However, decisions based primarily on costs can lead to serious consequences for the quality of financial reporting and the reputation of the business. Why should audit service quality be a priority? 1. Ensure accuracy and transparencyAuditing is the process of evaluating and verifying…

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Charter capital contribution of foreign investors

Tay Ninh Tax Department received an official dispatch from NEW MATERIALS BLUE OCEAN COMPANY LIMITED about the capital contribution amount on the statement not matching the investment certificate, charter capital, and VAT refund for the investment project. The opinion of the Tax Department is as follows: Regulations on charter capital: According to the Enterprise Law,…

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Declare and pay taxes on behalf of business individuals

Hanoi Tax Department receive text from One Mount Real Estate Joint Stock Company related to tax policy for individual businesses according to official dispatch 4784/TCT-CS and responded as follows: Regulations on tax registration for business individuals: According to Article 9 of Decree 126/2020/ND-CP and Circular 105/2020/TT-BTC: Business individuals must register for taxes directly at the…

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Official dispatch 5621/TCT-CS 2024 tax policy

The General Department of Taxation received a recommendation from Ms. Vu Thi Nhat about real estate brokerage business. According to regulations: Real estate business: Individuals doing real estate brokerage business must have a practicing certificate and tax registration. Brokerage commission is agreed upon in the contract. Tax registration: Individuals and business households must register for…

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Draft Decree stipulating a 2% VAT reduction policy

On November 30, 2024, the National Assembly passed the Resolution of the 8th session of the 15th National Assembly, deciding to reduce the value added tax (VAT) rate by 2% for groups of goods and services according to the Resolution. Decision No. 43/2022/QH15. This policy applies from January 1, 2025 to June 30, 2025 to…

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