Newsletter – March 2023

1. PIT policy for foreigners – OL No. 8204/CTHN-TTHT dated 28 February 2023 guides on PIT policy for foreigners as follows
2. Guidance on VAT policy according to Decree No. 15/2022/ND-CP – OL No. 8202/CTHN-TTHT dated 28 February 2023 guiding on the VAT policy under Decree No. 15/2022/ND-CP as follows:
3. Estimated CIT remittance of 4 quarters must ensure not less than 80% of the final settlement – OL No. 9579/CTHN-TTHT dated 07 March 2023 issued by the Tax Department of Hanoi guidance  specifically as follows:
4. IMPORT AND EXPORT TAX – OL No. 795/TCHQ-TXNK dated 24 February 2023 guidance on import tax of goods temporarily exported then re-import for warranty repair or replacement as follows:
5. Guidance on VAT rates related to invoices – OL No. 9301/CTHN-TTHT dated 06 March 2023 guiding on VAT rates as follows:
6. Draft amendment of Law on Social Insurance – Currently, the MOLISA is collecting comments on a new draft to amend the Law on Social Insurance (“SI”) in a fundamental and comprehensive manner. The following notable changes in the new draft Law on Social Insurance are:

KMC_Newsletter_March 2023 (EN version)