The initial Law on Tax Administration was approved by the National Assembly on November 29, 2006 and took effect from July 1, 2007. Since then, the Law on Tax Administration has been amended and supplemented three times in 2012, 2014 and 2016. After more

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

Free Trade Agreements (“FTA”) cover many elements of bi-lateral relationships between countries, however one of the most important outcomes is in respect to the trading of goods and products.

After years of negotiations, the European Union – Vietnam Free Trade Agreement (EVFTA) took effect on 1 August 2020, paving the way for increased trade between the EU and Vietnam. The EVFTA is the most comprehensive trade agreement the European

Following the issuance of the new Law on Enterprise 2020 by the Government, which took effective on 1 January 2021, the Ministry of Planning and Investment released Decree 1/2021/ND-CP covering enterprises registration on 4 January 2021 (“Decree 1”). The

The Vietnamese Government has issued Decree 145 (“145/2020/ND-CP”) providing extensive detail and guidelines for the implementation of the Labour Code 2019, including working conditions and professional relations, and which takes effect from 1 February 20

On 3 December 2020, the Ministry of Finance released Circular 105/2020/TT-BTC detailing the subjects of tax registration; structure of the tax code and tax registration documents, forms and procedures in accordance with the Law on Tax Administration 38/20

The Vietnamese Government released Decree 126/2020/ND-CP (“Decree 126”) on 19 October 2020, to implement elements of the Law on Tax Administration 2019. The Decree is a comprehensive document, spanning 266 pages (including appendices), a covering broad ra

On 5 November 2020, the Vietnam Government released Decree 132/2020/ND-CP (“Decree 132”) in respect of Transfer Pricing in Vietnam, replacing Decree 20/2017/ND-CP and Decree 68/2020/ND-CP.

On 15 October 2020, the Vietnam Government released Decree 122/2020/ND-CP (“Decree 122”) regulating the procedures for company registration in Vietnam, and incorporating initial labour usage declaration, Social Insurance registration and tax invoice usage

On 24 June 2020, the Vietnamese government released Decree 68/2020/NĐ-CP (“Decree 68”), which amended Decree 20/2017/ND-CP (“Decree 20”) regarding tax administration for enterprises with related-party transactions and the relaxing of interest

The Vietnamese Government issued Decree 68/2020/ND-CP on 24 June 2020 (“Decree 68”), amending interest deductibility for companies subject to Transfer Pricing obligations in Decree 20 /2017/ND-CP (“Decree 20”).