KPMG navigates Vietnam VAT regulations

KPMG navigates Vietnam VAT regulations

Current VAT and tax regulations do not allow input VAT to be offset against VAT payable at the import stage.

KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7

No 30% CIT reduction this year without 2019 revenue

No 30% CIT reduction this year without 2019 revenue

Companies that generated no revenue in 2019 will not be eligible for a 30% reduction in corporate income tax for 2021 since there is no benchmark to determine revenue decline in the year, according to tax authorities.

KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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