Facing a complicated stage of the COVID-19 pandemic in Vietnam, which is significantly impacting businesses and people’s lives, the Vietnamese Government has commenced supporting actions in response to the situation through issuing a number of regul

To support businesses and individuals in Vietnam which have been impacted by COVID-19, especially in recent periods, the Vietnamese Government issued Resolution 68/NQ-CP on 1 July 2021. This Resolution implements policies to decrease and defer contributio

Enterprises and business entities operating in Vietnam are required to follow strict and sometimes tedious compliance procedures in order to be aligned with the corporate legal framework set by the Vietnamese authorities. One of the important compliance p

On 1 June 2021, the Ministry of Finance issued Circular 40/2021/TT-BTC providing guidance on Value Added Tax (“VAT”), Personal Income Tax (“PIT”) and tax administration for business households and business individuals. The Circular comes into effect on 1

Decree No. 57/2021/ND-CP issued on 4th of June 2021 took immediate effect and supplements Article 20, point 2, of Decree No. 218/2013/ND-CP and covers favourable CIT provisions applied to supporting industry projects, under certain conditions.