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Vietnam Tax & Accounting Update June 2020

 

This June 2020 publication of our Tax and Accounting Updates looks at a Resolution increasing personal and dependent deductions for Personal Income Tax (“PIT”), Official Letter clarifying the application of deferrals for Corporate Income Tax (“CIT”) and Value Added Tax (“VAT”) for 2020, and discussion of the release of the Vietnam - EU Free Trade Agreement , along with our regular review of recent Official Letters released by the Tax Authorities.

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2020-2021 Vietnam Compliance Calendar

 

We have released our updated 2020-2021 Vietnam Compliance Calendar, detailing key dates and obligations for Accounting, Taxation, Payroll and Statistical Lodgements for Vietnamese entities for the next 12 months. This guide provides is an important foundation for any company's compliance and reporting planning in Vietnam.

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Vietnam’s New Labour Code: Employment Implications for Foreign Individuals

 

On November 20, 2019, the National Assembly adopted the Labour Code No. 45/2019/QH14 (“Labour Code 2019”). The Labour Code 2019 will come into effect on 1 January 2021.

This publication provides updates on changes to provisions effecting foreign employees working in Vietnam under the (new) Labour Code 2019, and also compares these provisions with the current Labour Code No. 10/2012/QH13 (“Labour Code 2012”).

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Vietnam Tax & Accounting Update May 2020

 

Our May 2020 publication of Domicile’s Tax and Accounting Updates looks at a Draft Resolution to decrease 2020 Corporate Income Taxes for SMEs, along with reductions of other taxes and statutory fees and further support for businesses impacted by COVID-19. The Draft Resolution also looks at entry (immigration) requirements for foreign employees. We also look at a Resolution on allowances for individuals / employees subject to reduction or loss of income due to the COVID-19 pandemic, along and our regular review of recent Official Letters released by Tax Authorities.

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
Level 13, Hanoi Towers
49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

Email

info@domicilecs.com

Phone

+84 (0)28 6291 5779 (HCMC)
+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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