PWC: PERSONAL INCOME TAX APPLICABLE TO AIRFARES PROVIDED TO EMPLOYEES WORKING ON A ROTATION BASIS
[04-06-2014] A number of Official Letters issued by theGeneralDepartment of Taxation (“GDT”) have stated that airfares provided in relation to overseas employees that travel to/from Vietnamon a rotation (i.e. fly in/out) basis are subject to PIT.
DELOITTE: UPDATED GOVERNMENT SUPPORT FOR DAMAGED ENTERPRISES FROM PROTESTS
[03-06-2014] The Alert update on Updated Government support for damaged enterprises from recent protests which is covered in Official Letter No. 7175/BTC – CST, providing further detailed guidance on taxes and customs relieves to these enterprises, dated 30 May 2014 by the Ministry of Finance.
DELOITTE: SUPPORTS IN TERMS OF TAXES AND CUSTOMS FOR DAMAGED ENTERPRISES FROM RECENT PROTESTS
[02-06-2014] The Alert update on Supports in terms of taxes and customs for damaged enterprises from recent protests which is covered in Official Letter No. 6642/BTC-CST dated 21 May 2014 by the Ministry of Finance.
PWC: CIRCULAR 39/2014 ON INVOICING REGULATIONS
[27-05-2014] The Ministry of Finance has recently issued Circular 39/2014 on invoicing regulations, replacing Circular 64/2013. Circular 39 will become effective from1 June 2014. Notable changes include:
PWC: TAX RELIEF FOR VICTIMS OF RECENT RIOTS
[26-05-2014] On 22 May 2014, the Prime Minister issued Notice 207/TB-VPCP urgently providing various relief measures to help businesses affected by recent riots in the provinces (ie. Binh Duong, Dong Nai and Ha Tinh).
DELOITTE: NEW CIRCULAR ON MANAGEMENT AND USAGE OF INVOICES FOR SALES OF GOODS & SUPPLY OF SERVICES
[23-05-2014] The Alert update on Management and Usage of Invoices for sales of goods and supply of services which is covered in Circular No. 39/2014/TT–BTC (“Circular 39”) dated 31 March 2014 by the Ministry of Finance, guiding Decree No. 51/2010/ND-CP, Decree No. 04/2014/ND-CP and replacing Circular 64/2013/TT-BTC. Circular 39 takes effect starting 1 June 2014.
DELOITTE: UPDATE GUIDANCE ON VAT REFUND
[23-05-2014] The Alert update on guidance on VAT refund covered in Official Letter No. 1713/TCT-TTr dated 14 May 2014 by the General Department of Taxation, to provincial level tax departments.
BAKER & MCKENZIE: CLIENT ALERT - SUPPLY CHAIN DISRUPTIONS: INVOKING €œFORCE MAJEURE€
[23-05-2014] Disruptions to the supply chain resulting from events of “Force Majeure” (sometimes referred to as “Acts of God”) are a likely consequence of recent events in Vietnam. Contracting parties need to know how the doctrine applies, and how to invoke it in case they have trouble fulfilling their contracts as a result of an event of Force Majeure.
