Vietnam to raise personal income tax deductibles: Finance Minister
The Ministry of Finance is drafting rules to increase the deductible amount for personal income tax (PIT) to better reflect inflation, Finance Minister Ho Duc Phoc said Thursday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Honda, Unilever, Heineken top foreign taypayers in Vietnam
Automaker Honda remained the biggest foreign taxpayer in Vietnam in 2022, according to the General Department of Taxation’s latest list of the top 1,000 contributors of corporate income tax (CIT).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
What you can and can’t do: KPMG answers tax queries
“Importation” of uniforms from a domestic supplier for use in an export processing zone will incur import duties and VAT, say KPMG consultants.
KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cost-based incentives should offset global minimum tax-related preference losses: EuroCham, AmCham
EuroCham and AmCham have recommended the Vietnamese government introduce cost-based incentives to offset losses of corporate income tax (CIT) preferences due to the adoption of the Global Minimum Tax (GMT).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government to mull over global minimum tax proposals in June
The Prime Minister's special working group on Global Minimum Tax (GMT) is set to submit its proposal on the application of the new tax rule in Vietnam to the government this June, said Prof. Nguyen Mai, a member of the taskforce.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
How to declare, pay CIT for dependent-accounting branch
In case a company adopts a central accounting regime and the dependent branch is not involved in production activities, all CIT declarations and payments should be centrally reported to the tax department of the province where its headquarters is located.
KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tax Q&A
Our company incurs some damaged material during the transportation from port to factory. Could we claim CIT deduction for the relevant cost of such damaged material?
KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7
Favorable conditions for tax declaration in the wing
In order to create favorable conditions for tax declaration and remove difficulties in paying provisional corporate income tax (CIT), the Ministry of Finance has prepared a draft decree to submit to the government that amends and supplements several articles of Decree 126/2020/ND-CP and Decree 123/2020/ND-CP, with some notable points as follows.
KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7
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