Notes need attention about allowable expenses in Vietnam

Notes need attention about allowable expenses in Vietnam, Conditions on the expenses to become allowable expenses, Business expenses and personal expenses, allowable expenses, personal expenses, Business expenses, allowable expenses in Vietnam,

(Vietnam). Allowable expense is a very important aspect to a business, a company, or a corporation, etc. This is because allowable expense will determine the overall revenue, turnover of an entire year of operating of a business. However, many businesses (mostly startups) are still new to this strange form of expense and don’t know how…

The reason why the government doesn’t propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam

The reason why the government doesn’t propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam, government doesn’t propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam, propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam, propose to reduce personal income tax during the 4th Covid-19 epidemic, reduce personal income tax during the 4th Covid-19 epidemic

Recently, the General Department of Taxation has explained why there is no proposal to reduce personal income tax for employees. Vietnam’s economic situation in the first half of 2021 In the first 6 months of this year, the national PIT collected by the tax sector was estimated at VND 73,027 billion, equaling 67.7% of the…

Reducing a series of taxes, fees, and interest rates for businesses suffering from Covid-19

Reducing a series of taxes fees and interest rates for businesses suffering from Covid-19, Reducing a series of taxes fees and interest rates for businesses, Reducing a series of taxes fees for businesses, Assist businesses under crisis by reducing taxes fees and interest, Assist businesses under crisis by reducing taxes

Due to the heavy impacts from the Covid-19, the Vietnamese Government is doing its best to give out support for businesses suffering from this pandemic. Specifically, the Ministry of Finance is shortening the procedure for approving a tax and fee support package of about 20,000 billion VND. Furthermore, the banks also committed to reducing interest…

Vietnam: Tighten the situation of selling “two-price” houses

Vietnam: Tighten the situation of selling "two-price" houses, Tighten the situation of selling "two-price" houses, selling "two-price" houses, "two-price" houses, Solutions to stop this situation of selling "two-price" houses

Recently, the “land fever” has re-emerged, causing the sale and transfer of the real estate to increase. However, in society, there has been a situation where the selling of a house contains 2 different prices. This phenomenon, caused by the buyers and the sellers, aims to avoid or reduce the taxes that they have to…

Legal500: Interview with Pham Duy Khuong, Founder and Managing Director of ASL LAW

ASL Law: The most prestigious law firms in Vietnam, leading Vietnamese law firm, Legal500 interview with Pham Duy Phuong lawyer, Pham Duy Khuong ASL LAW, ranked Vietnamese law firm, ranked Vietnamese attorney, Vietnamese attorney, Legal500 Vietnam rank, top Vietnamese law firm, Vietnamese attorney

Founder and Managing Director Pham Duy Khuong explains how leading Vietnamese firm ASL LAW is adapting to clients’ changing needs.

Proposal to reduce tax by 50% for all business households and business individuals in Vietnam

Proposal to reduce tax by 50% for all business households and business individuals in Vietnam, Proposal to reduce tax by 50% for all business households and business individuals, Proposal to reduce tax by 50% for all business households, The need to reduce tax during the Covid-19 crisis in Vietnam, An enormous package of relief to help businesses during the Covid-19 crisis

The new support package that the Vietnam Ministry of Finance is developing is expected to reduce 50% of the payable tax amount arising from production and business activities in the third and fourth quarters of 2021 for all business households and business individuals in Vietnam. The recent complicated developments of the Covid-19 epidemic, especially in…

Vietnam: Ministry proposes raising duties on steel exports, reducing tariffs on imports

amending Decree 57 on preferential import-export tariffs, proposal to increase taxes on steel exports while lowering levies on imports, proposal to increase export tax and reduce import tax on steel

Because the rise in steel prices has harmed numerous public-sector projects, the Ministry of Finance has proposed increasing tariffs on steel exports while lowering tariffs on steel imports. The Ministry of Finance said in a draft decree amending Decree 57 on preferential import-export tariffs that the significant rise in local steel prices was primarily attributable…

Vietnam: Violating tax laws, businesses will have to face many consequences

Violating tax laws, businesses will have to face many consequences

When the management agencies continuously improve the provisions of the Law on Tax Administration, the fact that businesses still have violations of the tax law will have to face many consequences… Statistics of the General Department of Taxation show that, after 10 years (2010 – 2020), the number of inspections at taxpayers’ offices has doubled;…

Tightening advertising activities on Youtube, Facebook in Vietnam

Tightening advertising activities in Vietnam, tightening the cross-border supply of online advertising services in Vietnam, Cross-border Advertising Decree in Vietnam, Decree 70/2021/ND-CP regarding the cross-border supply of online advertising services in Vietnam, Principles and obligations of foreign organisations and individuals trading in cross-border advertising services in Vietnam, New regulations specified in Article 13 of Decree 70, New points of Decree 70/2021/ND-CP, New points of Law on Advertising in Vietnam, advertising activities on Youtube in Vietnam, advertising activities on facebook in Vietnam

On July 21, 2021, the Draft Decree modifying and supplementing several provisions of Decree No. 181/2013 / ND-CP dated April 14, 2013, regarding the cross-border supply of online advertising services in Vietnam was approved by the Government of Vietnam. This Decree 70 will go into force on September 15.

Vietnam: Haircutting services still have to pay taxes, so there’s no reason why online platforms like YouTube and Google don’t have to pay taxes

Haircutting services still have to pay taxes, so there's no reason why online platforms like YouTube and Google don't have to pay taxes, Changes in the obligations to pay tax in Circular 40, Make online platforms fulfill their tax obligations

On July 9, the General Department of Taxation announced that the budget revenue in the first 6 months of the year still increased by 14.3% compared to the same period last year. Specifically, the budget revenue in the first 6 months of 2021 reaches VND 656 trillion, equivalent to 58.8% of the estimated number. This…

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