QA demo lists
Is it possible to transfer stocks between non-resident individuals?
The transfer of stocks between non-resident is completely normal.
View more
Enterprise A has been inspected by the tax authority and 01 input invoice (Sheet 2) that has declared VAT, was found and charged to expense of the Enterprise, but the seller has not prepared a notice of invoice issuance yet. The total value of the invoice is 1 billion VND (VAT is 100 million VND). The Tax authority requires cancellation of non-purpose expenditure for all deductible expenses and input VAT and collects taxes due as well as makes late payment penalties for reason: “Illegal invoice because the seller has not prepared notice of invoice issuance yet”. Can the above expenses and VAT be declared and calculated as reasonable expenses? If possible, how should accountant of the Company A handle to rationalize expenses and VAT for the Tax Authority?
This is possible for accountant by making explanation and protection of the VAT and cost as follows:
View more
In case the Company rewards an individual with outstanding achievements in the year by purchasing a tour, will it be calculated in taxable income of personal income tax (PIT)?
Pursuant to Clause 2, Article 2, Circular No. 111/2013/TT-BTC guiding PIT, stipulating taxable incomes from salaries and wages included:
View more
During the establishment process, the company has authorized a representative to pay for the expenses related to the establishment of the company, these expenses have VAT invoices bearing their names, please ask Can my company deduct the value added tax on the above expenses?
At Point 12.b, Article 14, the Ministry of Finance's 219-year circular guiding the value-added tax prescribing:
View more
The company provided service, issued VAT invoice to the buyer and declared VAT as required. Then the buyer has breached of contract, both parties decide to cancel the signed contract . How is the processing of issued VAT invoice in this case?
Based on point 2.8, appendix 04 Circular No.39/2014/TT-BTC dated 31 March 2014 of the Ministry of Finance:
View more
Organizations established and operating in accordance with Vietnamese law have entered into a contract of purchasing services of foreign contractors which have entered into labor contracts with foreigners working in Vietnam. Therefore, the Vietnamese Company will notify the foreign contractor of the obligation to pay contractor tax. In addition, does the Vietnamese company need to notify foreign parties about the obligation to pay personal income tax to foreign workers?
According to Article 27 of the Decree No. 65/2013/ND-CP , the entities that are required to apply to personal income tax registration are:
View more
Organizations established and operating in accordance with Vietnamese law have entered into a contract of purchasing services of foreign contractors which have entered into labor contracts with foreigners working in Vietnam. Therefore, the Vietnamese Company will notify the foreign contractor of the obligation to pay contractor tax. In addition, does the Vietnamese company need to notify foreign parties about the obligation to pay personal income tax to foreign workers?
According to Article 27 of the Decree No. 65/2013/ND-CP , the entities that are required to apply to personal income tax registration are:
View more
The Company was established in 2008, under the license the Company was entitled to CIT incentives according to the locality (CIT rate of 15% for 12 years; tax exemption for 3 years and reduction of 50% for next 7 years). However, in 2016 the company started the expansion of investment (increasing investment capital) but at this time, the local where the Company registration for business was no longer entitled to CIT incentives. So, How to determine payable CIT amount?
If the increased income from expansion investment can be separated, this income will not be entitled for CIT incentives.
In case it is impossible to separate the increased income from expansion investment, it shall be allocated according to the ratio of the increased fixed assets or the increased design capacity production from expansion investment. This income will not be entited for CIT incentives.
View more
The Employee in company want to register deductions for grandparents of husband or wise. Could this lead to risks?
Regarding the registering deductions for dependants (grandparents of husband or wise), according to Circular No. 111/2013 / TT-BTC:
View more
Why are goods imported through bonded warehouses capable of paying contractor tax?
The foreign company uses a bonded warehouse in Vietnam to sell and deliver goods to the Company in Vietnam, the foreign company must be obliged to pay withholding tax on the income generated in Vietnam.
View more
