TaxFlash No 11/2023 on VAT & FCT

The main content of the November 2023 taxflash include:

Value added tax & invoices:

• VAT invoice for Certificate of Deposit
• Draft Resolution on 2% VAT reduction in 2024
• Adjustment of VAT Invoices for Export Processing Enterprises
• VAT Invoices for Lent Items and Catalogue
• Tax policies for goods temporarily imported for re-export
• VAT Invoices for production of fixed assets for branches
• VAT treatment of Compensation
• VAT refund for ODA projects
• VAT on M&A
• VAT invoice for insurance agency contract between Bank and Insurance Company
• VAT policy for insurance agent commissions
• Tax policy for sample goods, sample services & incentives
• Instructions on issuance of electronic invoices to business households that pay taxes using lump-sum method

Foreign contractor tax:

• Foreign Contractor Tax on sales promotion activities and product quality management abroad
• FCT on contracts for providing goods and services
• Withholding tax in the field of e-commerce and room booking in Vietnam

To download the TaxFlash please click on the link below

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

UHY AUDITING AND CONSULTING COMPANY LIMITED

Mr. Nguyen Trung Thanh – Partner
E: thanhnt@uhy.vn

Pham Thi Thao – Partner
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 24 5678 3999
Fax: +84 24 3755 7448

Ho Chi Minh City Office
4th floor, 63B Calmette, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City
Phone: +84 28 3820 4899
Fax: +84 28 3820 4909

Website: www.uhy.vn
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