Newsletters

KMC’s periodic newsletter includes updated documents and contents on accounting, tax, human resources, investment and business.

Newsletter - March 2021

Newsletter - March 2021

  1. Tax policies for expenses from apartment purchasing for foreign employees - On 05 January 2021, Bac Ninh Tax Department issued Official Letter No. 14/CTBNI-TTHT, whereby:
  2. FCT applied for forwarding and logistics services - On 19 February 2021, Hanoi Tax Department issued Official Letter No. 5335/CTHN-TTHT guiding application of FCWT to forwarding and logistics services.
  3. Guidance on Law on Investment 2020 implementation - On 31 December 2020, The Ministry of Planning and Investment issued Official Letter No. 8909/BKHĐT-PC on Law on Investment 2020 implementation.
  4. New  Decree  on Business Registration - On 04 January 2021, the Government issued Decree No. 01/2021/ND-CP on Business Registration to replace Decree No. 78/2015/ND-CP on the basis of the Law on Enterprise 2020.
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Newsletter - February 2021

Newsletter - February 2021

  1. Decree 126/2020/ND-CP - Amending regulations on organizations and individuals paying salaries and wages which withhold personal income tax to declare personal income tax on a monthly basis.
  2. OL No. 104146/CTHN-TTHT - In case enterprises recruited female employees and incurred additional expenses for them, the expenses are considered as reasonable expenses for when determining CIT.
  3. OL No. 141/CTHN-TTHT - VAT of compensation goods.
  4. OL No. 271/TCT-TTKT - On introducing new points of the Decree No. 132/2020/ND-CP about tax administration to related-parties transactions of enterprises.
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Newsletter – January 2021

Newsletter – January 2021

  1. OL No. 5032/TCT-CS - Expenditures on quarantining foreign experts serving prevention and control of Covid-19
  2. OL No. 5032/TCT-CS - Expenditures on quarantining foreign experts serving prevention and control of Covid-19
  3. OL No. 8115/TCHQ-TXNK - Treating tax of goods temporarily exported, re-imported
  4. LABOR - Decree No. 152/2020/ND-CP dated December 30th, 2020 of The Government on foreign workers working in Vietnam and recruitment and management of Vietnamese workers working for foreign employers in Vietnam.
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Newsletter – December 2020

Newsletter – December 2020

  1. OL No. 5189/TCT-CS - Present the contents of Decree No. 126/2020/ND-CP detailed instruct some articles of the Law on Tax Administration
  2. OL No. 99060/CTHN-TTHT - Guidance on PIT withholding after the termination of a labor contract
  3. OL No. 997746/CT-TTHT - Guidance on determining the period of CIT reduction
  4. Associated transactions - Decree No. 132/2020/ND-CP dated 05 November 2020, the Government promulgates regulations on tax management for enterprises with associated transactions
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Newsletter – November 2020

Newsletter – November 2020

  1. OL No. 97742/CT-TTHT - Guidance on VAT for non-commercial goods
  2. OL No. 95846/CT-TTHT - Guidance on PIT of income from capital investment
  3. OL No. 95835/CT-TTHT - Guidance on CIT declaration
  4. LAW ON ENTERPRISES 2020 - On 17 June 2020, The National Assembly has granted the Law on Enterprises No. 59/2020/QH14 to replace the Law on Enterprises 2014
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Newsletter - October 2020

Newsletter - October 2020

  1. OL No. 89924/CT-TTHT - Guidance on salary and other expenses arising by effection of the COVID epidemic
  2. OL No. 85109/CT-TTHT - Foreign Contractor Tax on transfer of ownership in bonded warehouses
  3. Decree No. 123/2020/ND-CP -Invoices and documents takes effect from 1 July 2022
  4. Decree No. 125/2020/ND-CP - The sanction on administrative violations of tax and invoices
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Newsletter - September 2020

Newsletter - September 2020

  1. OL No. 77768/CT-TTHT - 30% reduction of CIT payable in 2020
  2. OL No. 3769/TCT-DNNCN - Refund of personal income tax and registration fee
  3. OL No. 5864/TCHQ-TXNK - Tax arrears for goods hiring enterprises in the re-processing non-tariff zones
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Newsletter - August 2020

Newsletter - August 2020

  1. OL No. 1930/CT-TTHT - Depreciation expense of the assets that are suspended due to the impact of COVID-19
  2. OL No. 2099/CT-TTHT - The salary of the foreign employees has not been granted a work permit due to the influence of COVID-19
  3. OL No. 3275/TCT-DNNCN - Deductions for employee's contributions to the Disaster Prevention Fund
  4. Instruction No. 05/HD-LĐLĐ - Payment of Trade Union fees for expatriates working in Vietnam
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Newsletter - July 2020

Newsletter - July 2020

  1. Resolution No. 116/2020/QH14 - Deduct 30% of CIT payable in 2020 for various taxpayers
  2. Circular No.13/2020/TT-BTTTT - New regulations on determination of software production activities to be eligible for Corporate Income Tax (CIT) incentives.
  3. OL No.2220/CT-TTHT - Deductible expenses when determine taxable income for CIT and PIT declare related to the expenses for quarantine due to Covid 19
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Newsletter - 2nd Quarter 2020

Newsletter - 2nd Quarter 2020

  1. Resolution No.945/2020/UBTVQH14 - Adjustment on family circumstance deductions for Personal Income Tax calculation
  2. OL 44403/CT-TTH - PIT on expenses for employees during the Covid 19 outbreak
  3. Decree No.61/2020/ND-CP - Implementing the provision of unemployment insurance in the Law of Employment
  4. Decree No.68/2020/ND-CP - Guidance on deductable interest expenses of the Company with associated parties when determining CIT
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Newsletter - 1st quarter 2020

Newsletter - 1st quarter 2020

  1. Decree No. 41/2020/ND-CP - Corporate Tax and Value Added Tax remittance extension
  2. OL No. 1397/CT-TTHT - Electronic Invoices are required to fully show the list of goods
  3. OL No.96977/CT-TTHT - Further use of self-printed invoices until 31st October 2021
  4. OL No. 245/TLD - The enterprises affected by COVID-19 pandemic are allowed to postpone the payment of trade union fee
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