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 […]
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 […]