KMC’s Newsletter – December 2023 updated contents on accounting, tax, human resources, investment and business as follows:
- Continuing the 2% VAT reduction until 30 June 2024 – The National Assembly agreed to maintain the 2% reduction of the VAT rate according to Resolution No. 43/2022/QH15 from 1 January 2024 to 30 June 2024 for goods and services currently subject to a 10% VAT rate (reduced to 8%).
- Solution on remaining deductible VAT – OL No. 15691/CTBDU-TTHT dated 13 November 2023 issued by Tax Department of Hai Duong.
- PIT for payments to employees after resigned – OL No. 15692/CTHDU-TTHT dated 13 November 2023 issued by Tax Department of Hai Duong.
- Goods that the Vietnamese Company purchased from a foreign company and then transferred to another country are not subject to FCT – OL No. 24958/CTBDU-TTHT date on 25 October 2023 issued by the Tax Department of Binh Duong.
- Customs procedures for temporarily imported and re-exported goods – OL No. 6087/TCHQ-GSQL issued by the General Department of Customs dated 24 November 2023.
- Preparation of export invoices and inventory delivery voucher cum internal rotation – OL No.32940/CTBDU-TTHT dated 13 December 2023 issued by the Tax Department of Binh Duong.
- Report on the use of foreign workers in 2023 – OL No.27712/SLDTBXH-VL-ATLD dated 4 December 2023 issued by the DOLISA of Ho Chi Minh City.
- Report on labor accidents in 2023 should be submitted before 11 January 2024 – OL No. 28788/SLDTBXH-VLATLD dated 18 December 2023 issued by the DOLISA of Ho Chi Minh City guides on the report of labor accidents, safety and hygiene in 2023.
KMC’s newsletter aims to update and summarize the general provisions related to Taxation, Accounting, Investment and Labor in Vietnam. You should seek professional advice before making a decision.
