Hotline: Hà Nội Office: 024 7306 8788 | HCM City Office: 0974 589 163

New policy update and news points 1-2023

Cập nhật chính sách mới 1-2023

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 the development of a flexible, modern, efficient, sustainable and integrated labor market in order to quickly recover the economy and society.

3. Circular 18/2022/TT-BYT, dated December 31, 2022 of the Ministry of Health amending and supplementing a number of articles of Circular 56/2017/TT-BYT dated December 29, 2017 providing detailed implementation of the Law on Social Insurance and the Law on Occupational Safety and Health in the field of Health. In which, it is worth noting to amend Article 4 on sick cases entitled to one-time social insurance and Article 21 on Forms of issuance of certificates of leave for social insurance and how to write content of leave certificates. social insurance benefits. Circular 18/2022/TT-BYT takes effect from February 15, 2023.

4. Circular 16/2022/TT-NHNN, dated November 30, 2022 of the State Bank, effective from January 17, 2023 regulating the depository and use of valuable papers at the Bank Vietnamese State Goods. Accordingly, valuable papers at the State Bank are added with some new points: Local government bonds are used in transactions of the State Bank according to the Governor’s decision in each period; Special bonds, bonds issued directly to credit institutions to sell debts to buy bad debts at market value of Vietnam Asset Management Company; Bonds issued by commercial banks where the State holds more than 50% of the charter capital (except for commercial banks that have been compulsorily purchased); bonds issued by credit institutions (except specially controlled credit institutions) and other enterprises.

II. SOME NEW TAX POLICIES APPLICABLE IN 2023:

1. The value added tax is no longer reduced to 8% under Resolution 43 and Decree 15

In 2022, the Government issued Decree 15/2022/ND-CP stipulating the tax exemption and reduction policy according to Resolution 43/2022/QH15. Accordingly, value added tax on some groups of goods and services will be reduced from 10% to 8%. However, the reduction of value added tax to 8% is only applied until the end of December 31, 2022.

Thus, from January 1, 2023, value added tax will no longer be reduced to 8% under Resolution 43 and Decree 15.

2. Change of tax exemption dossier for movable property when removing the paper household registration book.

According to Decree 104/2022/ND-CP on the abolition of paper household registration books, tax exemption dossiers for movable property when paper household books are removed from January 1, 2023 include:

– Customs dossiers according to the provisions of customs law;

– A work permit or document of equivalent validity issued by a competent authority to foreigners or overseas Vietnamese who come to work or work in Vietnam for 12 months or more;

– A document proving the termination of operation or termination of the working term abroad, for Vietnamese organizations or citizens that have been operating abroad for 12 months or more after returning home from the end of their operations;

– A valid passport or replacement passport (with the entry verification stamp of the immigration authority at the border gate) for overseas Vietnamese who have registered their permanent residence in Vietnam;

– A copy of one of the following papers: Citizen’s identity card, People’s identity card, Certificate of residence information, Notice of personal identification number and citizen information in the National Database on population;

(Currently: Permanent residence book issued by the police agency, clearly stating the overseas residence address for overseas Vietnamese who have registered for permanent residence in Vietnam: 01 copy of testify or attest)

– Decision of the Minister of Finance on tax exemption for movable property in excess of the tax exemption limit: 01 original.

3. Change the schedule for payment of provisional corporate income tax in 2023

Decree 91/2022/ND-CP of the Government issued on October 30, 2022 has added the following provisions:

In case the last day of the time limit for submitting tax declaration dossiers, the time limit for tax payment, the time limit for tax administration agencies to handle the dossiers, and the validity period of the enforcement decision coincides with the prescribed holiday, the last day The end of the period is counted as the working day immediately following that holiday.

Accordingly, the schedule for provisional corporate income tax payment in 2023 is as follows:

According to Clause 1, Article 55 of the Law on Tax Administration 2019, quarterly, enterprises shall temporarily pay corporate income tax for that quarter no later than the 30th day of the first month of the following quarter.

(1) Payment of provisional corporate income tax for the first quarter of 2023:: In 2023, the holiday schedule for Hung King’s death anniversary, April 30 Victory Day and International Labor Day will be extended from April 29, 2023 to the end of May 3, 2023, the deadline for paying corporate income tax for the first quarter of 2023 is no later than May 4, 2023.

(2) Payment of provisional corporate income tax for the second quarter of 2023:: Because July 30, 2023 is a Sunday coincided with a weekly holiday, the deadline for paying provisional corporate income tax for the second quarter is December 31. 7/2023..

4. Change the environmental protection tax rate for gasoline, oil, grease

On December 30, 2022, the 15th National Assembly Standing Committee issuedResolution No. 30/2022/UBTVQH15 on environmental protection tax rates for gasoline, oil and grease. Specifically, the environmental protection tax rate for gasoline, oil and grease from January 1, 2023 to the end of December 31, 2023 is regulated as follows:

– Petrol, excluding ethanol: 2,000 VND/liter (an increase of 1,000 VND/liter compared to the previous Resolution 20/2022/UBTVQH15 );

– Flight fuel: 1,000 VND/liter (no increase);

– Diesel oil: 1,000 VND/liter (increase by 500 VND/liter);

– Kerosene: 600 VND/liter (increasing 300 VND/liter);

– Fuel oil: 1,000 VND/liter (increasing 700 VND/liter);

– Lubricants: 1,000 VND/liter (increasing 700 VND/liter);

– Grease: 1,000 VND/kg (increase 700 VND/kg).

The environmental protection tax rate for gasoline, oil and grease from January 1, 2024 shall comply with the provisions of Section I, Clause 1, Article 1 of Resolution 579/2018/UBTVQH14 dated September 26, 2018.

Resolution 30/2022/UBTVQH15 takes effect from January 1, 2023 and replaces Resolution 20/2022/UBTVQH15.

Download Newsletter of RBK 1-2023: RBK update new regulations and newsletter 1-2023

HOW CAN WE HELP YOU?

Please contact us via the nearest office to you. Or you can fill in the contact form and send to us for our consulting.

Brochures

You can download our brochure for more information about our services

We are proud to have a team of experienced consultants, with excellent background knowledge, to be a solid support for customers.

RBKTC
Gallery of Russell Bedford KTC

Ha Noi Office

Ho Chi Minh Office

NGUYEN DIEP QUYNH NHU

SENIOR MANAGER – ACCOUNTING & TAX SERVICES

Work experience: More than 10 years of experience in accounting and tax services for many Vietnamese and FDI companies.

Professional area: Accounting, Tax, Payroll.

Education: CA Vietnam, Master of Finance & Banking – University of Finance & Marketing, Ho Chi Minh City; Bachelor of Corporate Finance – University of Economics – Ho Chi Minh City.

Phone: +84 973 537 189

Email: nhu.ndq@ezaacountancy.com

TRAN THI LANH

SENIOR MANAGER – AUDIT & ASSURANCE

Work experience: More than 10 years.
Professional areas: Audit, Internal Audit & Due Diligence.
Education: CPA (Vietnam), ACCA (UK), Bachelor Degree from the National Economics University.

Phone: +84 973 649 262

Email: lanh.thi.tran@ktcvietnam.com

VO TUAN ANH

SENIOR MANAGER – AUDIT & ADVISORY SERVICES

Mr. Tuan Anh is a Senior Manager in our Audit and Advisory Services department, with over fifteen (15) years of experience at international audit firms such as BDO and Nexia. He has been involved in numerous advisories, financial due diligence for various local and foreign small and medium-sized enterprises (SMEs), including Golden Healthcare, Cereus, P.A.C.C, and Genfive. Tuan Anh holds a Bachelor’s degree in Accounting from the University of Economics Ho Chi Minh City and is currently pursuing a Master’s degree in Accounting at the Ho Chi Minh City University of Technology. He is a Certified Public Accountant of Vietnam (Vietnam CPA) and also holds a Tax Agent Certificate issued by the Vietnamese Ministry of Finance

 

Phone:

Email: anhtuanvo@ktcvietnam.com

NGUYỄN TRỌNG KHIÊM

SENIOR CONSULTING MANAGER

Khiem is a senior manager of our successful advisory department which has more than fifteen (15) years of experience; involved in various projects for small and medium Vietnamese and foreign enterprises such as MVillage, DI Central, MOL, ACMV, Intellect, Sydney Dental, Seco Tools, Capital Marketing, … Khiem gained his B.Sc in Accounting from University of East Anglia and Master of International Business with Finance from London South Bank University (United Kingdom). Khiem has knowledge in many aspects of the business environment in Vietnam from internal to external point of views after various years of working in industries in finance and account managements with Thien Viet securities and Food & Beverage industries, prior to joining KTC.

 

Phone:

Email: khiem.trong.nguyen@ktcvietnam.com

Dr. AU THI NGUYET LIEN

DIRECTOR – TAX SERVICES

Dr. Au Thi Nguyet Lien is an expert with 30 years of practical work experience in tax authorities. She is formally the Head of the Taxpayer Supporting Department of the Thua Thien Hue Tax Department; currently an independent Tax advisor and Lecturer of the Nguyen Tat Thanh University, Ho Chi Minh City. Graduated with a Master’s degree in Corporate Finance in Australia in 2007 under a scholarship from the Australian Government, and received a PhD in Tax research in 2022. Dr. Lien also participated in consulting on drafts of many policies and regulations, tax program including personal income tax since 2007 and has received scholarships from the Australian Government on transfer pricing, double taxation avoidance and international tax policy.

Phone: +84 905 996 446

Email: lien.nguyet.au@ktcvietnam.com

logo Russell Bedford KTC

Thanks you for your interest in our company – Russell Bedford KTC

We will contact you by phone and email as soon as possible to provide more information about our company.
MrDuc-Thang

NGUYEN ĐUC THANG

DIRECTOR – AUDIT & ASSURANCE

Working experience: 6 years audit with RBK and 3 years with another auditing firm
Areas of expertise: Auditing, financial review, internal audit, transfer pricing.
Education: CPA (Vietnam), ACCA (UK) and Bachelor of Accounting and Auditing from Banking University of Ho Chi Minh City. Hồ Chí Minh.

Phone: +84 978 831 276

Email: thang.duc.nguyen@ktcvietnam.com

VU HIEN PHUONG

DIRECTOR OF ACCOUNTING SERVICES

Phuong has been in charge of accounting services of Russell Bedford KTC since 2012. At RBK, Phuong is generally responsible for the quality of accounting services for clients, especially foreign-invested clients who require financial statements for the parent company abroad.

Phuong has extensive experience in performing and supervising accounting services for companies such as TAO Bangkok, Vestegaards Frandsen, ENDO, Don Viet, Ninh Binh Textile.

Phuong received a master’s degree in finance and accounting in Australia and will complete her Vietnamese state-level accountant certificate in 2015.

Phone:

Email: phuong.hien.vu@ktvietnam.com

ms Đo Thuy Linh

ĐO THUY LINH

PARTNER

Ms. Linh has many years of experience working for international organizations such as World Bank, Asian Development Bank, United Nations Development Program, Coca-Cola, ABB, Ha Tay Beverage Factory, Hilton group… Ms. Linh has many years of experience in the audit and corporate consulting department of Ernst & Young Vietnam as an auditor.

Before joining RBK, she was a director of an international consulting firm. Linh is the co-author of the books on accounting “VN GAAP and VN GAAS, Convergence to International Accounting and Auditing Principles” and “VAS, intent and purpose contrasted to IAS” published in 2003 and 2005. Ms. Linh graduated with a master’s degree in finance and accounting from Gothenberg University (Sweden) and holds a certificate of state auditor (VACPA).

Phone: +84 904 225 592

Email: linh.thuy.do@ktcvietnam.com

MsHoangThanhTam

HOANG THANH TAM

DIRECTOR – AUDIT & CONSULTING SERVICE

Tam started working at KTC SCS since graduating from university and gradually became one of the key employees of the company with the position of audit manager of the Company’s audit department. At KTC, Tam participates in many projects including consulting, training, auditing domestic and foreign enterprises, sponsored projects.

Tam holds a certificate of state auditor (CPA Vietnam) and will complete the British Association of Auditors certificate in 2015.

Phone: +84 986 223 470

Email: tam.thanh.hoang@ktcvietnam.com

LE HONG THIEN

DIRECTOR OF TAX SERVICES AND ACCOUNTING

Working experience: nearly 20 years Chief Accountant of FDIs and Vietnam companies
Areas of expertise: accounting, due diligence, tax review
Education: Bachelor of Accounting from University of Economics, Certificate of Chief Accountant, CPA Vietnam.

Phone: +84 909 272 991

Email: thien.hong.le@ktcvietnam.com

VU THANH TAM

DIRECTOR OF CONSULTING SERVICES

Work experience: Nexia, Mazars and Financial Manager for foreign company

Areas of expertise: audit, due diligence, consulting

Education: CPA (Vietnam), ACCA (UK) and MBA (Columbia Southern University) Chief Accountant, CPA Vietnam

Phone: +84 908 380 388

Email: tam.thanh.vu@ktcvietnam.com

THAI THI VAN ANH

PARTNER

Ms. Thai Van Anh (FCCA, CPA Vietnam) is the Managing Partner of our Ho Chi Minh City Office and Legal Representative of Russell Bedford KTC. Before joining RBK as in charge of Ho Chi Minh City office, Van Anh has got a vast experience in Europe with PricewaterhouseCoopers UK at Glasgow Office of which she is in charge of various clients and integrated audit (Sarbanes – Oxley) for unlisted and listed clients in various industries, including manufacturing, hospitality, trading companies, law partnership. Van Anh also has tax and auditing experience in Vietnam, Laos and Cambodia with Ernst & Young Vietnam.

Van Anh also has an extensive experience from working for different industries at Financial Controller positions with Vine Group – Quality Hospitality, Viet Dang Company Limited and ACG International Vietnam Company Limited & Australian International School Saigon Company Limited.

Van Anh is a board member and inspection member of Vietnam Association of Certified Practising Auditors (VACPA). Van Anh is a fellow member of the Association of Chartered Certified Accountants (ACCA) England. She also possesses the Certification of Chief Accountant from the Ministry of Finance of Vietnam and also a trainer for ICAEW, ACCA and professional bodies in Vietnam (VACPA, VAA). She also is a reputable trainer of many professional courses such as Financial Statements Analysis, Internal Audit, Internal Controls for various corporations.

Phone: +84 974 589 163

Email: van.anh.thai@ktcvietnam.com

PHAM DUY HUNG

EXECUTIVE DIRECTOR – PARTNER

Mr. Hung has eighteen (18) years of experience in accounting and auditing for a wide range of foreign corporations, NGOs and projects.

Mr. Hung has a deep understanding of Vietnamese and international accounting and auditing standards, public accounting standards, laws and tax laws in the world. Mr. Hung holds a master’s degree in finance and accounting from Monash University (Australia), holds an Australian practicing accountant’s degree and a Vietnamese State Auditor (VACPA).

Phone: +84 9 12 112 988

Email: hung.duy.pham@ktcvietnam.com

HOÀNG THANH TÂM

DIRECTOR – AUDIT & CONSULTING SERVICES

Tam started working at KTC SCS since graduating from university and gradually became one of the key employees of the company with the position of audit manager of the Company’s audit department. At KTC, Tam participates in many projects including consulting, training, auditing domestic and foreign enterprises, sponsored projects.

Tam holds a certificate of state auditor (CPA Vietnam) and will complete the British Association of Auditors certificate in 2015.

Phone: +84 986 223 470

Email: tam.thanh.hoang@ktcvietnam.com