Goods processed for EPEs must go through customs procedures like those processed for foreign countries
Article 76. Customs procedures in cases where an EPE hires a domestic enterprise to process, an EPE undertakes processing for a domestic enterprise, or an EPE hires another EPE to process 1. Goods pr...
Delivery of goods that do not comply with specifications or quality will issued invoice to adjust the selling price
– Pursuant to Decree 123/2020/ND-CP dated October 19, 2020 of the Government regulating invoices and documents: + Clause 2, Article 19 regulates handling of invoices with errors: “Article 19. Pr...
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...
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...
Phone allowances are only exempt from personal income tax if the predetermined level is appropriate
According to the provisions of Point dd.4, Clause 2, Article 2 of Circular No. 111/2013/TT-BTC, in case the Company applies the form of contract telephone allowance for employees, the conditions and l...
Administrative and criminal sanctions for illegal invoice trading
According to a warning from the General Department of Taxation, illegally buying and selling invoices for the purpose of deducting input VAT, reducing tax liability, legalizing floating goods… i...
