Official 1328/CPSKT signs of tax violations on invoices

The Investigation Police Agency of Tan Phu District Police received the Investigation Entrustment Decision No. 739/QD-CSKT dated 8 March 2024 and Document No. 908/CV- | Filed in SKT file dated 10 March 2024 of Phu Tho Provincial Police Investigation Police Agency on entrusting investigation and verification of the case of “Tax evasion” and “Illegal trading…

Tax Declaration Schedule 2024

Dear valued customers, Royal Vietnam Auditing Consulting Company would like to announce the schedule of tax declaration and payment in 2024. This calendar is compiled in accordance with current tax laws and applies to businesses operating in Vietnam. Please refer to the calendar to prepare and fulfill tax obligations in a timely and accurate manner.…

The new tax policy applies from January 1, 2024

Value-added tax Reduce VAT from January 1, 2024 to June 30, 2024 for groups of goods and services (goods and services) subject to 10% VAT. Except for: Telecommunications, financial activities, banking, securities, insurance, real estate business… Goods and services are subject to special consumption tax. Information technology Tax level: Calculate tax using the deduction method:…

Official 13533/CTHDU on PIT deduction for freelance jobs

According to official No. 13533/CTHDU-TTHT dated 8 September 2023, in case, the Company signs a contract with an individual who without business registration to provide freelance to work, the income of the individual will receive subject to personal income tax from salaries and wages. The company is responsible for deducting personal income tax at the…

Decision 1388/QD-TCT regarding risk management of VAT refund

The General Department of Taxation said that from 25 October 2023, risk management for classifying VAT refund documents will be applied nationwide. The set of criteria indicators (CSTC) classifies VAT refund dossiers and selects taxpayers to inspection plans post-refund check, divided into 3 groups: Group I: CSTC group classifies VAT refund applications for checking first…

Official 4666/TCT exchange rate when calculating FCT tax

According to official 4666/TCT-CS dated 23 October 2023, pursuant to the provisions of Point 1.3 Clause 1 Article 69 of Circular No. 200/2014/TT-BTC (amended by Clause 3 Article 1 of Circular No. 53/ 2016/TT-BTC), for the purpose of recording accounting numbers, preparing and presenting financial statements, company need to determine whether the contract value includes…

Instructions on determining where to submit PIT refund documents

Pursuant to point b.2, Clause 8 Article 11 of Decree No.126/2020/ND-CP dated 19 October  2020 of the Government, in cases where residents have income from wages and salaries, they are deductible PIT by company from two or more places, submit tax finalization documents as follows: 🌳Individuals who have calculated family deductions for themselves by any…