Category: Tax

Tax

30 Jul / 0 / Luật DHP

Removing obstacles in the implementation of reducing value-added tax to 8%

The promulgation of Decree 41/2022 aims to remove obstacles in invoicing for goods and services subject to a reduction of value-added tax to 8%. On June 20, the Government issued Decree 41/2022 amending and supplementing a number of articles of Decree 123/2020 dated October 19, 2020 regulating invoices and documents and Decree 15/2022 dated 28 […]

Tax

PROPOSED EXTENSION OF PAYING CIT, VAT, PIT IN 2022

30 Jul / 0 Comments

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Tax

The latest guidance of the Ministry of Finance on reducing VAT to 8%

30 Jul / 0 Comments

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Tax

Some notes on CIT finalization 2021

30 Jul / 0 Comments

Posted ByLuật DHP

Tax

General Department of Taxation: Compulsory use of electronic invoices from November 1, 2020

30 Jul / 0 Comments

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Employees can register as dependents for the following people to reduce PIT

An employee is entitled to deductions for family circumstances for his or her dependents if the employee has registered for tax and is granted a tax code when calculating personal...

CAN BUSINESS BUSINESS NOT REGISTERED BUSINESS INVOICES?

Going back to the provisions in Clause 1, Article 6 of Decree 185/2013/ND-CP, then: “Article 6. Acts of violation on business activities under the Business Registration...

7 PRINCIPLES IN CIT final settlement NEED CAREFULLY

CIT PAYMENT DOCUMENTS – CIT finalization declaration form No. 03/TNDN (issued together with Circular 151/2014/TT-BTC). - Annual financial statements or financial...

TAX PAYMENT EXPERIENCE

Part I: Preparing tax finalization documents ➡️ Step 1: Prepare an excel file (send email) Export all ledgers from type 1 to type 9, CPPS, Debts in the year of...

How is the act of buying and selling illegal invoices handled?

Administrative fines up to VND 50 million * What is illegal use of invoices? According to Article 22 of Circular 39/2014/TT-BTC, illegal use of invoices is the use of fake...

Register for a personal tax code

According to the provisions of Circular 95/2016/TT-BTC, income-paying agencies must register personal tax codes for employees earning income from wages and salaries and tax...

From July 1 onwards, incomes over 11 million VND must pay PIT

The National Assembly Standing Committee has just officially issued Resolution 954 on adjusting the family deduction of personal income tax. According to a new resolution...

Family circumstances deduction increased to 11 million

Deputy Secretary General of the National Assembly said that the National Assembly Standing Committee had agreed to increase the personal income tax deduction from 9 to 11 million...

How to calculate VAT by direct calculation method?

How to calculate VAT by the method of calculating directly on VAT: Amount of VAT payable = Value added x VAT rate In there: – Value added tax rate of 10% applies...

Conditions for deduction of input value-added tax

The deducted input value-added tax is the basis for calculating the payable value-added tax. Below are the conditions for deduction of input value added tax this...

11 allowances without personal income tax 2020

According to the provisions of Circular No. 111/2013/TT-BTC of the Ministry of Finance, many allowances and subsidies are included in taxable income and are determined as income...

Corporate Income Tax Period

The CIT calculation period is the period in which corporate income is determined. Enterprises can choose the tax period according to the calendar year or the financial year...

Regulations on tax exemption and reduction of corporate income tax

Tax exemption and reduction of corporate income tax are prescribed and guided in Law No. 32/2013/QH13 amending and supplementing the Law on corporate income tax as follows:...

How to calculate corporate income tax according to current regulations

According to regulations, for production and business enterprises with taxable income, they must pay corporate income tax (CIT). Below is a detailed guide on how to calculate...

Deductible and non-deductible expenses when determining taxable income

(According to Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015 effective from August 6, 2015) Except for non-deductible expenses mentioned in Clause 2 of this...

What expenses are deductible when calculating corporate income tax?

Q: My company works in the service sector, incurs less costs like a manufacturing company. So, for service businesses like us, what expenses can be accepted by tax authorities and...

PROCEDURES, ORDER FOR EXPANDING TAX PAYMENT AND LAND RENTAL

On April 8, 2020, the Government issued Decree 41/2020/ND-CP extending the deadline for tax payment and land rent. According to Decree 41/2020/ND-CP, in order to get an...

OBJECTS TO APPLICATION OF EXTENSION OF TAX PAYMENT AND LAND RENTAL

In the face of a very complicated situation of the Covid-19 epidemic, causing damage to people, halting economic, cultural and social activities, affecting business and production...

POLICY OF TAX INCOME FOR BUSINESSES

The State grants a lot of incentives (especially tax incentives) to investment projects, and businesses doing business in the fields, industries and regions are entitled to...

TERM FOR THAT ENTERPRISE MUST PAY TAXES

Late payment of taxes will result in your business being penalized for tax violations and subject to a late payment penalty with a very high interest rate. Therefore, it is very...

CASE OF PERSONAL INCOME TAX EXemption and reduction in 2019

Legal grounds Law on Personal Income Tax 2007 Law amending and supplementing a number of articles of the personal income tax law 2012 Law amending and...

POLICIES FOR TAX INCLUDE FOR SOFTWARE, INFORMATION TECHNOLOGY AND SCIENCE AND TECHNOLOGY

Currently, the tax policy system has many preferential policies, supporting the development of information technology and science and technology industries. In order to improve...

WHAT DO YOU NEED TO PREPARE WHEN THE TAX AGENCY INSPECTIONS?

Accountants always feel anxious whenever there is an inspection by the tax agency. So what do businesses need to prepare for the inspection to go smoothly? In the following...

CURRENT LAW ON TAX RATE FROM THE TRANSFER OF SHARES IN JOINT STOCK COMPANY (NOT LISTED)

Personal income tax has been in place for a long time in many countries. The subject of this tax is all domestic individuals and foreigners whose income is generated in the host...

TAX FROM THE TRANSFER OF SHARES, CONTRIBUTED CAPITAL SHAREs

According to the law, individuals and organizations that transfer shares or contributed capital in the company must declare and pay income tax arising from the transfer of shares...

Enterprises must pay VAT on Tet gifts

(Kiemsat.vn) – Giving gifts to customers on holidays, Tet, and customer conferences to serve production and business activities, businesses must make invoices, calculate...

Declare transfer tax on futures contract

According to Official Letter No. 11133/BTC-CST dated August 21, 2017 of the Ministry of Finance on tax policy for income from the transfer of futures contracts on the derivative...

Changes in accounting and tax that need attention from October 2017

Starting from October 2, 2017 (1) Upgrading the iHTKK 3.5.0 application, specifically upgrading the service registration functions on the iHTKK application, including: –...

Deadline for closing the annual settlement report

The Ministry of Finance has issued Circular 85/2017/TT-BTC stipulating the settlement of the use of state budget investment capital according to the annual budget year. The...

Until December 31, 2017 – 100% of tax refund documents must be submitted online

Official Letter No. 3474/TCT-KK dated August 4, 2017 of the General Department of Taxation on the continuation of electronic tax refund in the last months of 2017. The...

New tax policy creates favorable conditions for businesses

According to the 2016 Doing Business Report of the World Bank, Vietnam's tax payment index has increased by 5 places, from 173/189 position to 168/189 ranked countries. The...

Personal income tax is not exempt when paying school fees for children of Vietnamese working in the country

According to the provisions of point g.7, Clause 2, Article 2 of Circular 111/2013/TT-BTC, the tuition fees paid for the children of Vietnamese workers are only exempt from PIT if...

Legal provisions on CIT incentives SUMMARY OF CASE OF CIT INCENTIVES INCLUDING LEGAL PROVISIONS

Legal basis: Law on Corporate Income Tax 2008; Law on corporate income tax amended in 2013; Law amending and supplementing a number of articles of tax laws in...

“Death” of paper invoices should or not?

According to the draft decree regulating sales and service provision invoices drafted by the Ministry of Finance, from the beginning of 2018 electronic invoices will be used...

Loss of invoice, wrong signature… will be severely fined

This is a draft that greatly affects the day-to-day operations of the business. Businesses can consult and comment on the website of the Ministry of Finance. The Ministry of...

Will carbonated soft drinks be subject to excise tax?

The draft Law amending and supplementing a number of articles of the Law on Special Consumption Tax of the Ministry of Finance has just added that non-alcoholic carbonated soft...

Documents to be submitted to bring imported steel to storage

According to the provisions of Official Letter No. 5803/TCHQ-GSQL dated August 31, 2017 of the General Department of Customs on bringing goods to storage for imported steel...

Do I need to notify the tax authority when I terminate the branch operation?

ASK Please advise me that I want to terminate the branch operation, so do I need to notify the tax office? What is the penalty for late payment of license tax and license tax...

When transferring a sole proprietorship, what taxes are required?

ASK I have sold a private business to another person. Do I have to declare and pay any taxes when the two parties complete the contract? ANSWER DHP LAW will answer...

Procedures for loss of 2 invoices before delivery to customers

Procedures for losing copies of 2 invoices before delivering to customers are specified in Official Letter No. 74303/CT-TTHT dated December 5, 2016 of the Tax Department of Ho Chi...

How to fix the wrong value-added invoice

Wrongly writing value-added invoices is one of the mistakes that billers often make and are very confused in fixing it. And the following article, Phamlaw Law Firm would like to...

Some important notes about invoices

Some important notes about invoices. Regulations on invoices in business activities. Pursuant to the documents regulating invoices such as: – Decree 04/2014/ND-CP –...

Guidance on publishing business registration information, declaring tax information and deadlines for amending and supplementing online business registration dossiers

The Ministry of Planning and Investment issued Official Letter No. 277/BKHĐT-ĐKKD guiding the publication of business registration contents, tax information declaration and the...