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Publications

Vietnam Tax Update December 2018

 

This December 2018 publication on Tax and Accounting updates covers recent releases from Vietnamese authorities, particularly upcoming changes to payroll costs, along with our regular review of recent Official Letters released by the Tax Authorities.

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2019 Vietnam Compliance Calendar

 

We have released our 2019 Vietnam Compliance Calendar, which provides an overview of the 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 companies compliance and reporting planning in Vietnam.

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Demystifying the Role of the Chief Accountant in Vietnam (and why you need to care!)

  

In Vietnam, companies are required to appoint a “Chief Accountant” as a statutory position. The Chief Accountant role is one that is not common in most countries, particularly those with a Common Law background, and the purpose and responsibilities of the appointment is often misunderstood. Vietnamese laws state that the Chief Accountant is the “head of the accounting function” [1] of a company, and we will discuss further what that means.

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2019 Vietnam Payroll Quick Guide

 

We have updated our 2019 Vietnam Payroll Quick Guide effective for payrolls after 1 January 2019, reflecting increased compulsory insurance contributions in certain circumstances. This guide helps employers and employees to understand general calculations and obligations with payroll and payroll related taxes and insurances in Vietnam.

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Vietnam Tax Update November 2018

 

Our November 2018 publication on Tax and Accounting updates looks primarily at employment and labour changes this month, with a number of key changes for foreign employees arising, along with our regular review of recent Official Letters released by the Tax Authorities.

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Client Alert, October 2018 - Social Insurance For Foreign Employees

 

The Vietnamese Government released Decree 143/2018/ND-CP (“Decree 143”) on 15 October 2018, providing the long awaited guidance for the implementation of Social Insurance obligations for foreign employees working in Vietnam.

Although the Social Insurance laws in Vietnam had stated that foreign employees have been subject to Vietnamese Social Insurance requirements effective 1 January 2018, until the release of Decree 143 there was no implementation guidance for employers.

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Vietnam Tax Update October 2018

 

This October 2018 publication on Tax and Accounting updates covers recent changes to compulsory e-invoicing in Vietnam, relaxation to requirements to register salary scales for small enterprises, along with our regular review of recent Official Letters released by the Tax Authorities.

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Client Alert, October 2018 - Service Contracts in Vietnam, Risks & Concerns?

 

Service Contracts are a mechanism commonly used by Vietnamese entities to formalise and document arrangements with individuals, without the need to enter into formal employment agreements. 

However, caution needs to be applied when contemplating Service Contracts, as there are implications and tax consequences that Vietnamese entities should carefully consider before proceeding.

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Client Alert, September 2018 - Decree on E-invoices in Vietnam

 

The Vietnam Government released its Decree covering E-invoices in Vietnam on 12 September 2018. Decree 119/2018/ND-CP (“Decree 119”) on Regulations for Electronic Invoices when Selling Goods or Providing Services, sets out instructions which compel enterprises in Vietnam to move to using E-invoices by 31 October 2020, and cease using paper VAT invoices.

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Contact Info

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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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