KMC’s Newsletter – June 2024 updated contents on accounting, tax, human resources, investment and business as follows:

1 Decree No. 52/2024/ND-CP dated 15 May 2024 issued by the Government stipulated the implementation of non-cash payments in Vietnam
2 OL No. 3358/CTBGI-TTHT dated 09 May 2024 issued by Bac Giang Tax Department about CIT incentives in case of changing the factory area in the Investment Certificate
3 OL No. 24940/CTHN-TTHT dated 26 April 2024 issued by Ha Noi Tax Department guidance on the cash rewards under the point accumulation program
4 OL No. 995/CTVPH-TTHT dated 06 May 2024 issued by Vinh Phuc Tax Department regulated the costs of destructed raw materials and finished goods
5 OL No. 23289/CTHN-TTHT dated 23 April 2024 issued by Ha Noi Tax Department guides on tax withholding for housing allowance of non-residents
6 OL No. 24942/CTHN-TTHT dated 26 April 2024 issued by the Ha Noi Tax Department stipulated PIT allocation re-determined at the PIT finalization
7 OL No. 2231/CTLAN-TTHT dated 09 May 2024 issued by the Long An Tax Department guidance on the application of the 10% VAT rate for the case of the EPEs rent warehouses outside the non-tariff areas
8 Resolution No. 81/NQ-CP dated 28 May 2024 issued by the Government stipulated the continuation of decreasing VAT rate
9 OL No. 12264/CTBDU-TTHT dated 09 May 2024 issued by the Binh Duong Tax Department guides on the defective exported goods processing abroad
10 OL No. 23287/CTHN-TTHT dated 23 April 2024 issued by Ha Noi Tax Department stipulates the FCT on forwarding services, international logistics, and international transportation from Vietnam to abroad
11 Decree No. 64/2024/NĐ-CP dated 17 June 2024 issued by the Government stipulated the extension of the deadline for paying tax and land rent in 2024
12 Notice No. 4767/TB-BHXH dated 01 July 2024 issued by the Ho Chi Minh City Social Insurance Department regulated the payment of social insurance, health insurance, unemployment insurance, occupational accident and disease insurance from 01 July 2024

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.

KMC_Newsletter_June 2024 (EN version)