Taxflash no 01/2024

The January 2024 taxflash Issue includes the following main contents:

Corporate Income Tax (CIT)

• Tax incentives regarding income unrelated to the investment project’s business activities
• Deductibility of accrued expenses
• Deductibility of interest expenses due

Value added tax (VAT) & invoices

• 2% VAT rate reduction within the first half of 2024
• VAT on leasing land use rights to EPE
• Invoices for internally consumed goods
• Guidance on electronic invoices

Foreign Contractor Tax (FCT)

• FCT for on the spot export & import activities
• FCT of income from services provided offshore

Personal Income Tax (PIT)

• PIT treatment of the termination allowance payments to foreign employees
• PIT treatment of commission payments

To download the English version, please click here

If you would like to further information, please feel free to contact us.

UHY AUDITING AND CONSULTING COMPANY LIMITED

Mr. Nguyen Trung Thanh – Deputy General Director

E: thanhnt@uhy.vn

Phạm Thị Thảo – Deputy General Director

E: thaopt@uhy.vn

Mrs. Tran Thi Bo – Director

E: bott@uhy.vn

Mrs. Phung Thi Oanh – Director

E: oanhpt@uhy.vn

Hanoi Head Office

5th floor, B2 Building, Roman Plaza, To Huu Street, Nam Tu Liem District, Ha Noi City

Phone: +84 245 678 3999

Fax: +84 243 755 7448

Ho Chi Minh City Office

4th floor, 63B Calmette, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City

Phone: +84 283 820 4899

Fax: +84 283 820 4909

Website: www.uhy.vn
Email: uhy-info@uhy.vn
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