On March 1st, 2021, Circular No. 03/2021/TT-BTC dated January 11th, 2021 guiding corporate income tax exemption and reduction for science and technology enterprises came into force. This helps science and technology enterprises to have many incentives in their business activities and hence promote the setting up of such science and technology enterprise in Vietnam. Subjects … Read more
At a press conference on October 30th in Vietnam informed of important agreements between Vietnam and European Union (EU), Mr. Bruno Angelet – Ambassador, Head of Delegation of the European Union (EU) said that early August 2015, the EU and Vietnam has announced the conclusion of negotiations but the negotiation group continues to resolve the … Read more
Payroll outsourcing is a business practice that involves contracting with a business service to handle all functions related to a company payroll. Using an outsourcing service makes it possible to manage the payroll process without the need to maintain a large payroll department. Payroll service providers manage such diverse functions as the calculation of wages … Read more
As the deadline for declaring Personal Income Tax (PIT) is approaching, we are reviewing some tax laws in Vietnam that foreigners working and earning in Vietnam should know and comply. Law No. 71/2014/QH13 dated 26 November 2014 issued by Vietnam National Assembly amending five tax laws including Law on Personal Income Tax (“PIT”) and Law … Read more
Depending on type of enterprises, but generally, an operating enterprise must conduct procedures to pay taxes according to the provision of law. These type of taxes can be mentioned as the follow: License Tax; Enterprise Income Tax is applicable to goods and services production and business organizations which have taxable income under the provision of … Read more