CORPORATE INCOME TAX (CIT)

  1. Entertainment expenses without sufficient evidence documents are non-deductible when calculating CIT and are deemed income when calculating personal income tax (PIT).
  2. Determining CIT incentives.
  3. Using electronic signatures on economic contracts.

PERSONAL INCOME TAX (PIT)

  1. Personal Income Tax (“PIT”) on quarantine expenses paid by the company on behalf of expatriates.

IMPORT & EXPORT DUTY

  1. Goods imported before the submission of List of duty-free imports are not eligible for import duty exemption.
  2. Not all medical devices mentioned in Decree no. 36/2016/ND-CP are entitled to 5% VAT.
  3. Are FDI companies allowed to export goods which were imported into Vietnam earlier in the past?
  4. VAT taxable price does not include manpower cost in case of re-importing goods into Vietnam after exporting overseas for repair.

Tax Newsletter April 2021