Government supports businesses during the COVID-19 epidemic
The Vietnamese government is considering measures to support businesses to overcome difficulties During the Covid19 epidemic period, on March 26, 2020, the Ministry of Finance submitted to the Government support for businesses in industries affected by the epidemic such as Agriculture, Transport, Garment, Manufacturing, and epidemics. catering/accommodation/food production, Education and training, healthcare, arts, sports… and […]
Revision to threshold on deductible interest expense
On 24 June 2020, the Government had issued Decree 68/2020/NĐ-CP (“Decree 68”) revising, amending Clause 3, Article 8 of Decree 20/2017/NĐ-CP (“Decree 20”) on tax administration applicable for enterprise having related party transactions Decree 68 is effective from the signing date and applied from the tax year 2019. Below is a summary of the significant […]
Application dossier for unemployment benefits
During the period when the COVID-19 epidemic casts a shadow over the economics in all industries in Vietnam, many workers suffered unemployment when factories endured lack of supply, cutting contracts by customers …. The Law on Employment of Vietnam takes effect from 2015 and Decree 28/2015 / ND-CP stipulate the application dossiers for claiming unemployment […]
Decree 28/2020 on penalty for admin violations in labour areas
The Decree No. 28/2020/ND-CP dated 1 March 2020 of the Government regulates penalties for administrative violations in the fields of labor, social insurance, and overseas manpower supply under contract. The main points are as below: The Decree takes into effect from 15 April 2020.
RBK update new regulations – newsletter 12-2020
UPDATE NEW REGULATIONS DECREE: ⦁ Decree No.126/2020/ND-CP detailing several articles of the Law on Tax Administration, issued October 9, 2020, takes effect from December 5, 2020..⦁ Decree No.132/2020/ND-CP on tax administration for enterprises with associated transactions, issued on November 5, 2020, takes effect from December 20, 2020, and applies from the corporate income tax calculation […]
Increase tax reduction threshold to VND 11 million
On June 2, 2020, the National Assembly Standing Committee issued Resolution 954/2020/UBTVQH14 on adjusting and increasing the deduction for personal income tax from 9 to 11 million dong. Specifically, the adjustment of the deduction for family circumstances specified in the Law on Personal Income Tax 2007 and the revised Personal Income Tax Law 2012 is […]
Russell Bedford KTC update new regulations and newsletter 4-2021
UPDATE NEW REGULATIONS DECREE: Decree 52/2021 / ND-CP dated April 19, 2021 of the Government on extension of time limit for payment of value added tax, corporate income tax, personal income tax and land rental in 2021 Accordingly, Decree 52/2021 Cross-ownership between companies in the group of companies is provided in Article 195 of the […]
Update new regulations and newsletter 7-2021
UPDATE NEW REGULATIONS RESOLUTION: – Resolution 68/NQ-CP issued on 01 July 2021 – On certain policies to support employees and employers in difficulty due to the covid-19 pandemic NEWSLETTER 7 – 2021 – Resolution 68/NQ-CP issued on 01 July 2021 – On certain policies to support employees and employers in difficulty due to the covid-19 […]
Update news regulalations and newsletter of 8-20221
UPDATE NEW REGULATIONS CIRCULAR: Circular 45/2021/TT-BTC issued on 18 June 2021 (comes into force from 03 August 2021 and supersedes the Circular No. 201/2013/TT-BTC) – Guidance on application of advance pricing agreements to enterprises having related-party transactions NOTICE: Notice 209/TB-VPCP issued on 05 August 2021 – Tax exemption, reduction solutions to support businesses and people […]
