Notes when determining refundable input VAT for export activities
The General Department of Taxation notes that, since July 1, 2016, according to Decree 100/2016/ND-CPstatus2, in cases where an enterprise has both exported goods and services in the month/quarter, it...
Identify foreign traders with no presence in Vietnam
CV399_22072024BCT.docx According to the Ministry of Industry and Trade, the definition of “foreign traders without presence in Vietnam” specified in Article 3 of the Law on Foreign Trade M...
Lending interest rates of more than 20% per year can be considered usury
I lent money to relatives, with a handwritten commitment to repay on time. The borrower promises to pay 5% interest each month. Up to now, they have been late for a long time and I have never received...
CPA Legal Newsletter (1st week in 08/2024)
I. INVOICES 1. Delivery of goods that do not comply with specifications or quality will be issued invoice to adjust the selling price Official letter No. 8119/CTHN-TTHT dated February 16, 2024 of the ...
All losses must be offseted before profits can be transferred abroad
According to this Circular, in case the financial statements of the year in which profits arise still have accumulated losses carried over from previous years that have not been fully offset, the inve...
Conditions and time to transfer profits abroad
According to the provisions of Article 4 of Circular 186/2010/TT-BTC, foreign investors are allowed to transfer profits from investments in Vietnam to foreign countries after the end of the fiscal yea...
