CORPORATE INCOME TAX (CIT)

Electronic invoices for catering/food & beverage services must clearly specify the full list of goods and services sold in order to be recognized as deductible expenses for Corporate Income Tax (CIT) purposes and to be eligible for VAT input tax deduction.

Overtime expenses exceeding the prescribed limits are deductible only if they fully comply with regulations under labor and tax laws; any portion exceeding the limits or lacking proper supporting documentation shall not be deductible for CIT purposes.

Expenses incurred for purchasing life insurance for customers as promotional gifts are not deductible if they do not directly serve production and business activities or do not comply with regulations on promotional activities.

TAX ADMINISTRATION

Official Letter No. 1938/BTC-TCT provides guidance on the effectiveness of Circular No. 156/2013/TT-BTC and other circulars guiding the former Tax Administration Law, clarifying transitional issues in relation to the new Tax Administration Law.

Notification of invoice issuance and reports on invoice usage:
Business locations located in a different province from the head office are still required to fully comply with regulations on invoice issuance notification and invoice usage reporting.

IMPORT AND EXPORT TAX

Tax refunds are not allowed for temporarily imported and re-exported machinery, equipment, and vehicles if the company fails to manage, monitor, and record them in its accounting books.

Enterprises listed as violators may still be allowed to bring goods back for storage, provided that conditions stipulated by customs authorities are met and customs supervision is applied.

Imported scrap iron and steel are subject to mandatory radiation inspection in accordance with regulations prior to customs clearance.

Clarification of certain issues related to the registration of the Duty-Free Goods List (DMMT), including scope of application, registration timing, and conditions for amendment.