Separate goods invoices no longer required for reduced 8% VAT

Separate goods invoices no longer required for reduced 8% VAT

Taxpayers are no longer required to issue separate invoices for goods and services in order to enjoy the reduced 8% VAT rate.

KPMG - Fri, June 24, 2022 | 9:10 am GTM+7

Tax payment deferral scheme for 2022 okayed

Tax payment deferral scheme for 2022 okayed

As part of a post-pandemic economic recovery package, the government on May 28 issued Decree 34/2022/ND-CP approving certain tax payment deferral policies for taxpayers in 2022.

KPMG - Wed, June 15, 2022 | 7:00 am GTM+7

Personal income tax for extra hour salary

Personal income tax for extra hour salary

If a company is not qualified to implement overtime at work, extra-hour salaries should not be eligible for personal income tax exemption.

KPMG - Fri, June 3, 2022 | 9:38 am GTM+7

Tax update May 2022

Tax update May 2022

Investment securities for which provision for devaluation can be made will not include government bonds, government-guaranteed bonds, and municipal bonds, according to a new circular.

KPMG - Wed, May 25, 2022 | 12:34 pm GTM+7

Tax Q&A

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 - Wed, May 11, 2022 | 8:10 am GTM+7

Favorable conditions for tax declaration in the wing

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 - Wed, May 4, 2022 | 10:13 am GTM+7