KMC’s Newsletter – November 2023 updated contents on accounting, tax, human resources, investment and business as follows:

  1. CIT incentives for expansion investment projects – OL No. 5115/TCT-CS dated 15 November 2023 issued by the General Tax Department.
  2. CIT incentives for processing activities – OL No. 22005/CTBDU-TTHT dated 18 September 2023 issued by Binh Duong Province Tax Department.
  3. PIT of foreigners arriving in Viet Nam before the date of commencing the job – OL No. 4502/CTBNI-TTHT dated 25 September 2023 issued by Bac Ninh Tax Department.
  4. Reduction of VAT –On Resolution No. 164/NQ-CP dated 04 October 2023, the Government assigns the Ministry of Finance to preside and coordinate with other authorities to propose the continuation of decreasing 2% VAT in the first 06 months of 2024 from 01 January 2024 to 30 June 2024.
  5. VAT deduction under DDP terms – OL No. 68332/CTHN-TTHT dated 21 September 2023 issued by Ha Noi Tax Department.
  6. VAT on indemnify value for foreign customers – OL No. 3162/CTBDI-TTHT dated 13 September 2023 issued by Binh Dinh Province Tax Department.
  7. Decision No. 25/2023/QĐ-TTG dated 03 October 2023 of the Prime Minister guides on reducing land rental fee in 2023.
  8. Decision No. 8108/QĐ-TLĐ dated 16 October 2023 of Vietnam General Confederation of Labor instructs on the distribution of union fee . 

KMC_Newsletter_November 2023 (EN version)