Taxation services
Our taxation services provide practical and creative advices in compliance with Vietnamese tax law and regulations. Our services include: Tax compliance: Tax advisory: Tax Health Check Review: Tax health check review is to examine the tax compliance of the client in accordance with local tax system and identify the incompliant issues within the client system […]
New Resolution passed, Reducing Value added Tax rate from 10% down to 8% in 2022
On January 11, 2022, the National Assembly approved Resolution 43/2022/QH15 on fiscal and monetary policies to support the program of socio-economic recovery and development. The new resolution stated to reduce the value-added tax rate by 2% in 2022, applicable to groups of goods and services currently having the value-added tax rate of 10% (down to […]
RBK Update new regulations – September 2021
UPDATE NEW REGULATIONS RESOLUTION: Resolution 105/NQ-CP issued on 09 September 2021 (comes into force from 09 September 2021) – supporting businesses, cooperatives and business households in the COVID-19 epidemic DECISION: Decision 2166/QD-TCHQ issued on 04 August 2021 (comes into force from 04 August 2021 and cancels a number of articles of Decision 2999/QD-TCHQ dated 06 […]
KTC VietNam – Happy New Year 2022
Dear Our Beloved Client, Friends and Colleagues2021 is a year with many events and especially the heavy impact from the COVID-19 pandemic on the activities of businesses as well as Russell Bedford KTC (RBK) ourselves. More than anyone, we empathize and understand the difficulties that you and your businesses had endured in order to survive, […]
Doing business in Viet Nam
Despite pandemic measures, lockdowns, and travel restrictions, Vietnam has welcomed more than US$19.74 billion of foreign direct investment in 2021 With a solid vision for the future, Vietnam has created a concrete foundation to bounce back stronger in 2022 with a targeted GDP growth of between 6% to 6.5%. To help foreign investors capitalise on […]
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 […]
