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INSIGHTS & EVENTS

TAX REGULATIONS UPDATED AS OF AUGUST.2023

 

  • Decree No. 44/2023/ND-CP issued by the Government on June 30th, 2023, stipulating the value-added tax reduction policy according to Resolution No. 101/2023/QH15 dated June 24th, 2023;
  • Official Letter No. 1798/TCT-TTKT issued by the General Department of Taxation on May 16th, 2023, regarding the review and handling of unauthorized invoices;
  • Official Letter No. 1861/TCT-CS issued by the General Department of Taxation on May 17th, 2023, providing guidance on the submission of contractor tax when two foreign companies engage in the exchange of goods in Vietnam;
  • Official Letter No. 1995/BHXH-TCKT issued by the Vietnam Social Insurance on June 30th, 2023, guiding units on specifying the purpose of contributions for Social Insurance, Health Insurance, and Unemployment Insurance according to the prescribed structure;
  • Official Letter No. 2326/TCT-CS issued by the General Department of Taxation on June 9th, 2023, providing guidance on the VAT rate applicable to exported goods classified as untaxed crude oil without customs declarations, set at 10%;
  • Official Letter No. 2834/CTBNI-TTHT issued by the Bac Ninh Provincial Tax Department on July 24th, 2023, guiding the issuance of invoices for lent and returned goods, machinery, and equipment;
  • Official Letter No. 2392/TCT-QLRR issued by the General Department of Taxation on June 14th, 2023, guiding the control of electronic invoices and prevention of fraudulent invoicing on the Electronic Invoice platform;
  • Official Letter No. 9662/CTBDU-TTHT issued by the Binh Duong Provincial Tax Department on June 5th, 2023, providing guidance for enterprises to declare interest expenses on loans when EBITDA is negative to determine taxable income for Corporate Income Tax;
  • Official Letter No. 51359/CTHN-TTHT issued by the Hanoi Municipal Tax Department on July 17th, 2023, guiding the use of electronic invoices in export processing zones during asset liquidation."

 

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