Commentary

- 02 / 08 / 2021 -
Supplementing regulations on medical equipment and instruments subject to 5% VAT rate
On June 11, 2021, the Minister of Finance issued Circular No. 43/2021/TT-BTC amending and supplementing Clause 11 Article 10 of Circular No. 219/2013/TT-BTC dated December 31, 2013, of the Ministry of Finance, guiding the implementation of the Law on Value-Added Tax and the Government’s Decree No. 209/2013/ND-CP dated December 18, 2013, detailing and guiding the […]
- 30 / 06 / 2021 -
Reduce fees, charges in some areas to support those affected by Covid from July 1, 2021
On June 24, 2021, the Minister of Finance issued Circular No. 47/2021/TT-BTC stipulating the rate of collection of a number of fees and charges in order to support and remove difficulties for those affected by the Covid-19 pandemic. Accordingly, from July 1, 2021, to the end of December 31, 2021, there are 30 reduced rates […]
- 30 / 06 / 2021 -
Remove bottlenecks on CIT incentives for Supporting Industries
On June 4, 2021, the Government issued Decree No. 57/2021/ND-CP (“Decree 57”) amending and supplementing Decree No. 218/2013/ND-CP on Corporate Income Tax (“CIT”) for projects producing supporting industry products (“supporting industry”) implemented before January 1, 2015, and has been granted Certificate of Incentives for production of supporting industry products. This newsletter reviews the following main […]
- 30 / 06 / 2021 -
Things that enterprises operating in the field of supporting industries need to know
On June 4, 2021, the Government issued Decree No. 57/2021/ND-CP (“Decree 57”) amending and supplementing Decree No. 218/2013/ND-CP on Corporate Income Tax (“CIT”) for projects producing supporting industry products (“supporting industry”) implemented before January 1, 2015, and has been granted Certificate of Incentives for production of supporting industry products. This newsletter reviews the following main […]
- 30 / 06 / 2021 -
Update on the latest tax incentives in the field of Supporting Industry
On June 4, 2021, the Government issued Decree No. 57/2021/ND-CP (“Decree 57”) amending and supplementing Decree No. 218/2013/ND-CP on Corporate Income Tax (“CIT”) for projects producing supporting industry products (“supporting industry”) implemented before January 1, 2015, and has been granted Certificate of Incentives for production of supporting industry products. This newsletter reviews the following main […]
- 30 / 06 / 2021 -
List of products subject to inspection of quality upon import
On June 3, 2021, the Minister of Labor, War Invalids, and Social Affairs issued Circular No. 01/2021/TT-BLDTBXH stipulating the list of potentially unsafe products and goods under management responsibility of the Ministry of Labor, War Invalids and Social Affairs. In which, the Circular stipulates the list of products subject to an inspection of quality upon […]
- 30 / 06 / 2021 -
The latest direction of the Government to promote the formation of the vaccine manufacturing industry in Vietnam
On June 29, 2021, the Government issued Resolution No. 63/NQ-CP on the main tasks and solutions to promote economic growth, disbursement of public investment, and sustainable export during the final months of 2021 and the beginning months of 2022 (“Resolution 63”). One of the highlights and notable points in Resolution 63 is the recognition of […]
- 30 / 06 / 2021 -
Guidelines for application of APA mechanism with businesses with link transactions
On June 18, 2021, the Ministry of Finance issued Circular 45/2021/TT-BTC guiding the application of the prior agreement mechanism on the tax calculation method (APA) in tax administration for enterprises associated transactions. Accordingly, regulations on transactions proposed to apply APA are as follows: – Transactions proposed to apply APA are related-party transactions specified in Clause […]