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On June 17, 2024, the Government issued Decree No. 64/2024/ND-CP ("Decree 64") extending the deadlines for the payment of value-added tax, corporate income tax, personal income tax, and land rent for the year 2024. ATA would like to update some important contents regarding the tax payment extension:…

On June 17, 2024, the Government issued Decree No. 65/2024/NĐ-CP ("Decree 65") providing for the extension of the payment deadline for special consumption tax ("SCT") liabilities arising from the tax periods of May, June, July, August, and September 2024 for domestically manufactured/assembled automobiles.…

On June 9, 2024, the Government issued Resolution 84/NQ-CP on the Project to develop a Law amending and supplementing a number of articles of Land Law No. 31/2024/QH15, Housing Law No. 27/ 2023/QH15, Law on Real Estate Business No. 29/2023/QH15, Law on Credit Institutions No. 32/2024/QH15. Accordingly,…

On May 17, 2024, the Tax Department of Quang Nam province issued Official Dispatch No. 4224/CTQNA-TTH guiding the handling of personal income tax (PIT) issues of employees with multiple incomes of 2,000,000 VND/time. or more at many income-paying organizations. Accordingly, the organization paying temporary…

On May 31, 2024, the Hanoi City Tax Department issued Official Letter No. 32968/CTHN-TTHT to guide the Project Management Board of the Nuclear Science and Technology Research Center on the declaration and payment of contractor tax for foreign contractors and subcontractors with income arising in Vietnam…

On May 16, 2024, the State Bank of Vietnam has just issued Circular No. 03/2024/TT-NHNN (“Circular 03”) amending and supplementing a number of Articles of Circulars related to selling and handling bad debts of asset management companies of Vietnamese credit institutions. Circular 03 provides some notable…

On May 15, 2024, the Government issued Decree No. 52/2024/ND-CP regulating non-cash payments (“Decree 52”), replacing Decree No. 101/2012/ND-CP (has been revised and supplemented). Decree 52 has the following notable amendments and additions: 1. Supplementing the legal framework on digital currency…

Although both involve the transfer of capital in businesses, there is a certain distinction in determining the personal income tax (PIT) of individuals transferring shares in joint-stock companies and individuals transferring capital contributions in limited liability companies (including single-member…

According to the provisions of Clause 4, Article 5 of Circular No. 219/2013/TT-BTC dated December 31, 2013, of the Ministry of Finance guiding the implementation of the Law on Value Added Tax (VAT) and Decree No. 209/2013/ND-CP dated December 18, 2013, of the Government stipulating: In cases where an…

In accordance with Clause 2, Article 14 of Circular No. 105/2020/TT-BTC dated December 3, 2020, of the Ministry of Finance guiding tax registration, "Dependent units of enterprises, before submitting documents to terminate their activities at the business registration authority, must submit documents…

On April 3, 2024, the General Department of Taxation issued Official Dispatch No. 1368/TCT-DNNCN (“Official Dispatch 1368”) on taxable revenue from Individuals leasing out their property. According to regulations, individuals leasing out their property will be subject to value-added tax at a tax rate…

1. Regarding the Costs of Purchasing Alcoholic Beverages in Catering Services According to the guidance in Official Letter No. 331/CTCMA-TTHT ("Official Letter 331") dated February 1, 2024, issued by the Ca Mau Provincial Tax Department, the costs of catering services (including alcoholic beverages…

In order to create consistency in determining value-added tax (“VAT”) revenue of enterprises conducting international travel activities, on March 5, 2024, the General Department of Taxation issued Official Letter No. 801/TCT-CS (“Official Letter 801”) in response to Tourism and Transportation Marketing…

According to Circular 20/2023/TT-NHNN dated December 29, 2023, of the State Bank of Vietnam ("Circular 20"), it regulates the list of areas within the management scope of the State Bank of Vietnam and the waiting period during which individuals with positions and authorities are not allowed to establish…

On December 29, 2023, the State Bank of Vietnam issued Circular 22/2023/TT-NHNN ("Circular 22") amending and supplementing several articles of Circular 41/2016/TT-NHNN ("Circular 41") dated December 30, 2016, of the State Bank of Vietnam regulating capital adequacy ratios for banks and foreign bank…