DECLARING AND PAYING TAXES FOR BUSINESS HOUSEHOLDS, BUSINESS INDIVIDUALS DIRECTLY TO TAX AUTHORITIES

The following content details tax obligations involving business households based on present regulations for declaring [...]

KEY POINTS CONCERNING PERSONAL INCOME TAX (PIT) FINALIZATION (2022 UPDATE)

I. ELIGIBLE TAXPAYERS 1. For individuals who declare directly with tax authorities Residents who receive [...]

DOCUMENTS TO CALCULATE DEDUCTIBLE EXPENSES FOR LOST, DAMAGED, OR EXPIRED GOODS

I. Documents of property and goods lost due to natural disasters, epidemics, and fires are [...]

CIT POLICY RELATED TO SUPPORT EXPENDITURES FOR SCHOOLS

– Pursuant to Article 4 of Circular No. 96/2015/TT-BTC as follows: “Article 4. To amend [...]

ACCOUNTING SOLUTION TO REFLECT AND REPORT THE VAS ACCOUNTING BOOKS BASING ON THE DATA OF FOREIGN SYSTEM (SAP, ORACLE…)

VNC Consulting is dedicated to helping businesses navigate the complex landscape of Vietnamese Accounting Standards [...]

POINTS OF NOTE ABOUT TAX DECLARATION OF DEPENDENT BRANCHES IN THE SAME PROVINCE

– In Clause 3, Article 42 of the Law on Tax Administration 2019 stipulates the [...]

REFERENCING TAX POLICY RELATED TO THE COST OF PURCHASING AIR TICKETS FOR FOREIGN EXPERTS

– Pursuant to Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Finance [...]

POINTS OF NOTE ABOUT TAX DECLARATION OF DEPENDENT BRANCHES IN OTHER PROVINCES

– Pursuant to Clause 2, Article 11 of Decree No. 126/2020/ND-CP dated October 19, 2020 [...]

REFERENCING ON HOW TO BOOK FOREIGN CONTRACTOR TAX IN ACCOUNTING BOOKS

Referencing contractor tax accounting: According to the provisions of Point 2.7, Article 6 of Circular [...]

TAX POLICY FOR THE COLLECTION OF CONTRACT CANCELLATION COMPENSATION AND OTHER COMPENSATIONS

– Pursuant to Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance [...]

DETERMINING INVOICES ISSUED AT THE WRONG TIME AND ADMINISTRATIVE PENALTIES

– Pursuant to Decree No. 123/2020/ND-CP dated October 19, 2020 of the Government prescribing invoices [...]

REGULATIONS ON INVOICES AND VAT PRICES FOR PROMOTIONAL GOODS AND SAMPLE GOODS

– Pursuant to Clause 7, Article 3 of Circular 26/2015-TT-BTC on invoices: “b) When selling [...]

TAX POLICY ON DEDUCTIBLE EXPENSES FOR BAD DEBTS

– Pursuant to Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015 of the [...]

TAX POLICY FOR ORGANIZATIONS DECLARING OR PAYING TAXES ON BEHALF OF INDIVIDUALS LEASING PROPERTY (HOUSE RENTALS)

1. Tax declaration dossiers: … b) Tax declaration dossiers for organizations declaring or paying tax [...]

SOME POINTS TO NOTE ABOUT COMBINING THE ANNUAL ACCOUNTING PERIOD AND THE ANNUAL CIT PERIOD

Conditions for combining financial statements: In case the first annual accounting period or the last [...]