Cash is King! This saying is especially true during times of crisis, when liquidity risks are threatening businesses with weak financial capacity. The evidence is that many businesses have fallen into bankruptcy while holding a lot of assets that cannot be converted into cash to meet obligations. With the current challenging business environment, the leadership […]
In the increasing trend of global integration, businesses have more options to trade goods and engage in services with foreign partners. As the result, determination, calculation and declaration of Contractor Tax are becoming more and more popular and of greater importance. Foreign contractor tax (FCT) is a complicated aspect and easy to misapply in practice […]
Dear Clients and Partners, Russell Bedford KTC wants to inform that our offices will be closed for the holidays from April 29 to May 3, 2023. We will resume business on 04/05/2023. We wish you happy and peaceful holidays. Best regards.
Online Training Workshop: Personal Incom Tax – Tax Declaration & Finalisation for Non-Salary Incomes .
Declaration and finalization of personal income tax from salaries and wages sources are familiar accounting and HR’s jobs. However, some other sources of income are not frequently mentioned in the line of work due to their irregular nature, not being included in the labor contract or related to foreign taxpayers. These aspects often are not […]
Dear Customers, Partners and Colleagues, We sincerely thank our customers, partners and colleagues for trusting, supporting and always accompanying RBK during the past year. On the occasion of the new year 2023 and welcome the Lunar New Year, RBK would like to wish you a new year full of peace and prosperity. Best regards, Russell […]
I. NEW POLICY AND LAW DOCUMENTS: 1. 1. Resolution No: 01/NQ-CP of the Government, issued on January 6, 2023 on the main tasks and solutions to implement the socio-economic development plan, state budget estimates and improve business environment, enhance national competitiveness in 2023 2. Resolution No. 06/NQ-CP, issued by the Government on January 10, 2023 […]
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 […]
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 […]
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, […]
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 […]