According to official 5081/CTBNI-TTHT dated 06 November 2023, in case the Company has goods export activities, the time to determine export revenue to calculate VAT is the date of confirmation of completion of the customs procedures on customs declaration and the time to determine revenue to calculate corporate income tax is the time of transfer…
According to Official 3782/TCT-CS dated 25 August 2023, in cases, where an enterprise or organization does not operate under the Law on Credit Institutions for irregular lending activities, if it lends to other organizations (including expenses Branches of enterprises that submit separate corporate income tax) do not calculate interest or have an interest rate lower…
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…
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…
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…
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…
According to official no.10610/CTDAN-TTHT dated 3 October 2023, in case, the branch discovers that input invoices are omitted, they can make additional tax declaration documents within 10 years from the submission deadline but before the tax authority announces the inspection decision according to the provisions Article 47 of the Law on Tax Administration No. 38/2019/QH14.…
According to Official No. 74367/CTHN-TTHT dated 10 October 2023, in case, the company declares VAT using the deduction method, imports supplies abroad but does not meet the quality and must return it as agreed, when returning goods, the company must complete export procedures with the Customs office and issue a VAT invoice for the returned…
According to official 23568/CTBDU-THTT dated 6 October 2023, the depreciation time of fixed assets must be fixed upon at least in one annual accounting period and reviewed at least at the end of each fiscal year. When the Company changes the depreciation time of fixed assets, it must explain the reasons and effects of change…
Official 4788/CTBNI-THTT dated 09 October 2023, in case the company is a One Member Limited Liability Company owned by an organization (JS HitechVina Co., Ltd in Korea), there are expenses incurred for paying salary to the Company’s director (who is a founding member of JS HitechVina Co., Ltd). If the director personally participates in directly…