Our July 2017 monthly Tax Updates publication from Domicile Corporate Services covers selected recent updates and releases for Vietnamese companies with regards to the compliance and operations in Vietnam.
Download our 2017/2018 Vietnam Compliance Calendar, which provides an overview of the dates and obligations for Accounting, Taxation, Payroll and Statistical Lodgements for Vietnamese entities.
We have updated our 2017 Vietnam Payroll Quick Guide effective 1 July 2017, helping employers and employees understand general calculations and obligations with payroll and payroll related taxes in Vietnam.
Area codes for telephone numbers across 23 Vietnamese Provinces, including Ho Chi Minh City and Hanoi, are changing from 17 June 2017, and will operate together with the old numbers until 17 July 2017.
• Ho Chi Minh City area codes change from 08 to 028
• Hanoi area codes change from 04 to 024
Domicile Corporate Services' main phone number will change to 028 6291 5779 (or +84 28 6291 5779 if dialled internationally).
Corporate groups setting up their Vietnam operations often (incorrectly) assume that they can centralise all their accounting and finance function for their Vietnamese entity into the headquarters finance function. Whilst there are some opportunities, caution must be taken to understand the local requirements regarding accounting and documentation in Vietnam.
There are significant changes forthcoming in Vietnam to how payrolls are to be calculated and processed, and both employees and employers need to understand the potential impacts of these.
We look at recent Circulars, Decrees, Government releases and Official Letter in this May 2017 monthly publication of Domicile’s Tax Updates.
As globalisation advances, Vietnam is increasingly recognised as an attractive and feasible destination for foreign investors to expand or establish operations.
Although relatively open and welcoming for foreign investment, investors still often underestimate the restrictions and licensing requirements that exist today within Vietnam’s legal framework.
This April 2017 monthly publication of Domicile’s Tax Updates looks at recently issued tax and other similar updates from Vietnam’s authorities which have an impact on businesses in Vietnam. As always, please contact us if you would like further information on any of the items discussed in our publication.
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We see successful clients as a measure of our success, and the best source of our own growth.