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

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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…

Propagating and disseminating the contents of Decree No. 57/2021/ND-CP to taxpayers

Propagating and disseminating the contents of Decree No. 57/2021/ND-CP to taxpayers, Regulations on the project producing supporting industrial products, Decree No. 57/2021/ND-CP, propagate and disseminate information to taxpayers, Remove difficulties for the taxpayers

The General Department of Taxation requires Tax Departments to propagate and disseminate information to taxpayers in their localities to hastily implement Decree No. 57/2021/ND-CP of the Government to remove difficulties for taxpayers in the current period. Recently, the General Department of Taxation issued Official Dispatch No. 6/CD-TCT on the implementation of Decree No. 57/2021/ND-CP of…

House lessors need to note this price in order to not be taxed in Vietnam

House lessors, House lessors need to note this price in order to not be taxed, the changes in taxation with the new Circular, house lessor need to pay tax, Circular 40/2021/TT-BTC, the tax of house lessors

According to the new regulations, the rent of a house with a price of more than 8,333,334 VND/month is subject to tax and the owner must pay tax for the entire actual revenue. Recently, the Ministry of Finance has issued Circular 40/2021/TT-BTC guiding VAT and PIT for business households and individuals. After this circular was…

The Tax Department of Ho Chi Minh City has proposed that the Government issue regulations on tax collection of income-earning social networks in Vietnam such as Google, Facebook, Youtube, etc.

The Tax Department of Ho Chi Minh City has proposed that the Government issue regulations on tax collection of income-earning social networks in Vietnam such as Google, Facebook, Youtube, etc.

Regarding e-commerce activities like Google, Facebook, YouTube, etc. which generate incomes, the Tax Department of Ho Chi Minh City proposed the Government stipulate that these organizations must fulfill tax obligations in Vietnam. The tax responsibilities may include assisting in providing information of organizations and individuals in Vietnam that have business activities and earn income from…

Vietnam: Apply new form in enterprise registration application from May 1, 2021

Apply new form in enterprise registration application from May 1, 2021

From the effective date of Circular No. 01/2021/TT-BKHDT (May 1, 2021), the forms in the enterprise registration application specified in the appendix issued together with Circular No. 01/2021/TT-BKHDT is hereby applied nationwide. According to Mr. Huynh Van Toan (HCMC), Decree No. 122/2020/ND-CP dated October 15, 2020, of the Government, stipulates the coordination of the procedures…

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