Resolution 02/NQ-CP of the Government on the extension of tax for business

In Resolution 02/NQ-CP dated January 7th 2013, the Government has launched several business support solutions such as: extension of corporate income tax (CIT), value added tax (VAT), real estate business support Accordingly, the Resolution extends 6 months for the deadline of the CIT for the tax payable in the first quarter; an extension of 3 months for … Read More

Official letter 187/TCT-TNCN of the General Department of Taxation on the guidance to finalize the personal income tax (PIT) for the year 2012

Official letter 187/TCT-TNCN of the General Department of Taxation on the guidance to finalize the personal income tax (PIT) for the year 2012 The personal income which is less than or equal to 5 million VND/month will be exempted from PIT in the last 6 months, this income is calculated by the total taxable income of … Read More

Dispatch 17164/BTC-TCT on taxation the loan interest

Profit from lending activities of organizations and individuals which are not credit institutions will not have to pay VAT. That is the guidance of the Ministry of Finance in Dispatch 17164/BTC-TCT issued on December 11th 2012. Accordingly, the Ministry has identified the above lending activities are credit services. This service is one of the subjects that … Read More

Circular 37/2012/TT-BCT on the quotas for the import tax of 0%

In 2013, the import duty of 0% will be applied for paddy and rice, tobacco leaves and stems originating from Laos. This content is specified in Circular 37/2012/TT-BCT of the Ministry of Industry and Trade. Accordingly, import quota for rice and paddy is 70,000 tonnes of rice conversion (conversion rate: 2 paddy = 1.2 rice), leaves and … Read More

Additional quarterly tax record

Quarterly tax record has been supplemented by the Tax Administration Law, revised 2012. Accordingly, the record includes: – Quarterly declaration – Declaration bill of goods and services sold (if applicable) – Declaration of receipt of goods and services purchased (if any) – Documents related to the amount of tax payable. Deadline for quarterly tax declaration … Read More

Cases that guarantee for taxation shall be applied

Only accept letters of guarantee stating the contents commitment to ensure the ability to perform and responsible for paying tax, fines for late payment in place of the taxpayer at the end of the tax payment time limit but the taxpayer has not paid the tax, fully meet the conditions prescribed by the letter of … Read More

Reduce coal export tax to 10%Giảm thuế xuất khẩu than xuống 10%

Coal, briquettes, ovoids and similar solid fuels manufactured from coal in heading 27.01 are applied with the export tax reduction from 20% to 10%. These above contents are regulated by the Ministry of Finance in Circular  169/2012/TT-BTC on October 11th 2012 amending a part of Circular 157/2011/TT-BTC ‘s content . Other types of coal such as lignite (27.02), … Read More

Special consumption Tax for imported Yacht

  These following guide on the Law on Special Consumption with Yacht, The Dispatch No. 2738/TCT – CS on Jul, 31th 2012 issued by General Department of Taxation as following; Pursuant to Clause 3, Article 3 of the Law on Special Consumption No. 27/2008/QH12 on November, 14th 2008 of the National Assembly “The aircraft, yachts used … Read More

Conditions for enterprises to provide tax services

Sep 9th, 2012 These following conditions must be met to become a tax agency: has legitimate business registration issued by government authority with tax services being recorded; has at least two staff with tax practicing tax certificate. These above conditions are regulated in Circular 117/2012/TT-BTC on Jul 17th 2012 issued  by Ministry of Finance. Pursuant … Read More

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