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    Vietnam Issues New E-Invoices Decree

    Vietnam issued new regulations on the use of electronic invoices, which will be mandatory from November 1, 2018. Read more to know about the types of e-invoices, how to issue them, and the transition period for businesses.

  • by Reading Time: 4 minutes

    Vietnam Announces Corporate Income Tax Reduction Plan

    Vietnamese Prime Minister, Nguyen Xuan Phuc, has announced plans to reduce Vietnam’s corporate income tax (CIT) in a recent speech at the GMS Business Summit. Read more for details and analysis on the announcement

  • by Reading Time: 4 minutes

    Vietnam Proposes Higher Environmental Protection Taxes

    Vietnam proposes higher environmental protection taxes on oil and petroleum products from July 1, 2018, to offset decreasing import tax revenues due to tariff commitments. Read more to know about the tax hikes and its effect on the economy, government revenues, and environment.

  • by Reading Time: 4 minutes

    Vietnam: Sectors in Focus for 2018 Tax Audits

    With a new tax audit plan for 2018 aiming for higher tax revenues, numerous sectors and taxpayers will be under increased scrutiny from tax authorities. Read more to know about the tax audit plan and the sectors in focus to minimize tax exposure.

  • by Reading Time: 4 minutes

    Vietnamese Firms Shifting to E-Invoices

    Vietnamese firms are shifting to e-invoices to minimize cost and reduce administrative burden. Further changes are proposed to make it mandatory for all firms in 2018. Read more to know about the transition to e-invoices, advantages for firms and tax authorities, and proposed changes for 2018.

  • by Reading Time: 8 minutes

    Tax Incentives for Foreign Investment in Vietnam

    Vietnam’s tax incentives, while attractive on paper, can present challenges to investors unfamiliar with the country’s legal system. Investors need to be aware of the incentives that Vietnam offers and the requirements that they will face when they apply for these incentives.

  • by Reading Time: 7 minutes

    An Overview of Transfer Pricing in Vietnam

    To ensure compliance, foreign businesses need to be aware of the new transfer pricing regulations. In this article, we outline the key points of Vietnam’s transfer pricing policy, compliance issues, and tax obligations vital for foreign firms operating or planning to invest in Vietnam.

  • by Reading Time: 3 minutes

    New Inspection Regime for Foreign Owned Enterprises

    Vietnam is introducing a new inspection regime for foreign-invested enterprises (FIEs). The decision aims to reduce malpractices by existing FDI firms. Read more to know the different government agencies involved and the inspection scope.

  • by Reading Time: 4 minutes

    Vietnam: Transition from Paper Invoices to E-invoices

    Vietnam will replace paper bills with electronic invoices from the start of 2018. Although the transition will be initially challenging, e-invoices will reduce the burden on enterprises and increase efficiency. Read more to understand the implementation timeline, benefits of e-invoices, and challenges facing the government and businesses.

  • by Reading Time: 5 minutes

    Vietnam Proposes Numerous Tax Hikes

    Vietnam proposes to increase Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax, and Natural Resources Protection Tax to increase tax contributions and reduce public debts. Read more to understand as to why the government is pushing for an increase, reactions of the business community, and the new proposed rates.

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