Amended decree 68/2020/NĐ/CP on transfer pricing – favourable changes to the cap on interest deductibility
Increase in personal relief and dependent relief
VAT TREATMENT OF L/C SERVICES FOR CREDIT INSTITUTIONS
GUIDANCE ON EXTENSION OF CIT & VAT PAYMENT DEADLINE UNDER DECREE 41/2020
Decision 15/2020/QD-TTg on implementation of policies on assistance for people afected by COVID-19 pandemic under Resolution 42/2020.
On 8 April 2020, the Government issued Decree No. 41/2020/ND-CP (Decree 41) on extending the payment deadlines for tax and land rental.
On 9 April 2020, the Government issued Resolution 42/2020/NQ-CP (Resolution 42) on number of resolutions for people affected by Covid-19 pandemic.
These are the Government policies to remove difficulties for enterprises and individuals affected by Covid-19.
Pursuant to Directive No.11/CT-TTg dated 4 March 2020 of the Prime Minister, the Ministry of Labour, War Invalids and Social Affairs, Vietnam Social Insurance and some local authorities have issued various official letters guiding the suspension of payments to retirement and death fund for enterprises encountering difficulties due to Covid-19.
On 26 March 2020, the Ministry of Finance proposed to the Government in its draft submission No. 3540/TTrBTC regarding issuance of a Decree on deadline extension for tax payments and and rental fee in order to remove difficulties for production and business entities, and to support the market as a result of Covid-19 impacts.
On 03 March 2020, the General Department of Taxation issued Official Letter No. 897/TCT-QLN extending the tax payment deadline and waiving late payment interest for taxpayers suffering from losses and difficulties during their business operations, and being unable to paying taxes by the due date as a result of the Covid-19 pandemic.
► Reminder around the deadline for submission of the 2019 CIT finalization
► Official Letter No. 385/TCT-CS dated 3 February 2020
► Official Letter No. 1726 / CT-TTHT dated 21 January 2020
► Official Letter 98065 / CT-TTHT dated 31 December 2019