Commentary

- 02 / 08 / 2021 -
Principles of financial disposition during the equitization process
On June 23, 2021, the Ministry of Finance issued Circular No. 46/2021/TT-BTC guiding on financial handling and enterprise valuation when converting a State-owned enterprise/one-member limited liability company with 100% charter capital invested by the State-owned enterprise into a Joint Stock Company (“Circular 46”). Circular 46 replaces Circular 41/2018/TT-BTC. Accordingly, the financial handling when implementing equitization […]
- 02 / 08 / 2021 -
Principles for VAT and PIT of business households, business persons
June 1, 2021, The Ministry of Finance promulgates Circular No. 40/2021/TT-BTC provide guidance on value-added tax (VAT), personal income tax (PIT), and tax administration for business households and individuals. This Circular takes effect from August 1, 2021. Accordingly, the principles for calculating VAT and PIT of business households and individuals are determined as follows: First, […]
- 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 […]