DELOITTE: AMENDING & SUPPLEMENTING 4 DECREES ON CIT, VAT, PIT AND TAX ADMINISTRATION
[08-10-2014] Following Resolution 63/NQ-CP ("Resolution 63") dated 25 August 2014 of the Government on tax measures to deal with financial difficulties and enhance the development of enterprises, on 1 October 2014, the Government isued Decree 91/2014/ND-CP ("Decree 91") detailing some articles of Resolution 63, amending and supplementing 4 Decrees on Corporate Income Tax, Value Added Tax, Personal Income Tax and Tax administration.
PWC: FORENSICS - CONFLICTS OF INTEREST
[07-10-2014] A Conflict of Interest (“COI”) occurs when employees have undisclosed economic or personal interest in a transaction that adversely affects their employer extracted from The Association of Certified Fraud Examiners “ACFE”). All organisations uphold the principle that employees must act in good faith and in the best interests of their employer or organisation.
PWC: NEW RULES ON REGISTRATION OF FOREIGN LOANS
[30-09-2014] Circular 25 replaces in part Circular 09/2004/TT-NHNN dated 21 December 2004 on foreign loans and Circular 25/2011/TT-NHNN dated 31 August 2011 on administrative procedures in the foreign exchange sector. Circular 25 will take effect from 1 November 2014.
PWC: FURTHER AMENDMENTS PROPOSED TO THE DRAFT LAW ON INVESTMENT
[15-09-2014] Enhancing Vietnam’s business and investment environment is a key priority for the government. An overhaul of company licensing processes is one of the means being worked on to bring this about. Revamping the licensing process will require large-scale changes to the current company and investment law regime.
DELOITTE: GUIDANCE ON PERSONAL INCOME TAX TREATMENT ON HYPOTHETICAL TAX AND HOUSING NORM
[15-09-2014] The Alert the Alert update on Official Letter No. 12495/BTC-TCT dated 6 September 2014 by the Ministry of Finance providing official guidance on PIT treatment on Hypothetical Tax and Housing Norm.
DELOITTE: NEW CIRCULAR PROVIDING GUIDANCE ON SIMPLIFICATION OF CERTAIN TAX ADMINISTRATIVE PROCEDURES
[08-09-2014] The Alert update on Circular No. 119/2014/TT-BTC by the Ministry of Finance providing amendments and guidance to simplify certain tax administrative procedures in line with the spirit of Resolution No. 63/NQ-CP. Circular No. 119/2014/TT-BTC was applied from 01 September 2014.
DELOITTE: GOVERNMENT RESOLUTION ON TAX MEASURES TO SUPPORT BUSINESS
[28-08-2014] On 25 August 2014, the Government issued the Resolution No. 63/NQ-CP stipulaing a number of stimulus tax treatments for the purpose of supporting businesses to solve difficulties in operation and encourage their business development. Detail guidances at Decree and Circular level for the Resolution shall be issued in recent time.
PWC: IMPORT REQUIREMENTS FOR USED MACHINERY, EQUIPMENT AND PRODUCTION LINES
[28-08-2014] On 15 July 2014, the Ministry of Science and Technology (MoST) issued Circular 20/2014/TT-BKHCN (“Circular 20”) prescribing the requirements and procedures for importation of used machinery, equipment and production lines. This Circular 20 will take effect on 1 September 2014.
