Extension of time limits for paying tax and land rent

Sat, 26 Jun 2021 21:05:39

The Government issued Decree 52/2021/ND-CP (“Decree 52/2021”) on extending the deadline for payment of value added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent in 2021 in a bid to provide assistance to businesses, organizations, business households and individuals affected by Covid-19 epidemic.

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Deadline for payment of VAT, CIT, PIT, and land rent extended

Sat, 26 Jun 2021 21:05:32

The Government issued Decree 52/2021/ND-CP (“Decree 52/2021”) on extending the deadline for payment of value added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent in 2021 in a bid to provide assistance to businesses, organizations, business households and individuals affected by Covid-19 epidemic.

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Instructions on the time issuing e-invoices

Fri, 25 Jun 2021 15:22:24

According to regulations, the time of making e-invoices when selling goods or providing services is the time when the ownership or right to use goods is transferred to the buyer. The date of completion of the service provision, regardless of whether or not payment has been received.

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Which case is exported stone subject to VAT?

Thu, 17 Jun 2021 14:42:00

Saturn Ha Tinh Co., Ltd specializes in mining minerals used as common building materials. Prior to the second quarter of 2019 (before April 1, 2019), mineral mining units that only sell domestically, belong to VATable items, shall declare VAT quarterly.

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Using advertising services of Facebook and Google, how to calculate the tax?

Thu, 17 Jun 2021 14:41:53

In case the Company uses foreign advertising services such as Facebook, Google and YouTube, these businesses are not headquartered in Vietnam, the Company is obliged to declare and pay contractor tax on behalf of the Company for foreign parties.

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Which case does a representative office pay license fees?

Tue, 15 Jun 2021 15:55:30

In case the representative office of an enterprise engages in the production and trading of goods and services, the license fee must be paid; In case a representative office is not engaged in production and trading of goods and services, it is not required to pay license fees as prescribed.

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Tax deduction for business individuals who are hired as employees

Tue, 15 Jun 2021 15:52:28

In case the business signs a labor contract with an individual, the business shall comply with regulations on withholding personal income tax on income from salaries and wages and make tax finalization. And being authorized by an individual, regardless of whether the individual is the owner of a business household or not.

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Technology transfer with equipment, how to calculate tax?

Thu, 13 May 2021 16:03:21

(In principle, technology transfer activities are not subject to VAT, licensing of intellectual property objects is not subject to VAT.

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Are the costs of establishment included in deductible expenses when calculating taxes?

Thu, 22 Apr 2021 16:16:38

A reader has email address huudungx @ xx would like to ask : I am the director of a newly established joint stock company. Before starting a business, I hired a consulting company to carry out business establishment procedures at a cost of VND 50 million. After the company is established, will this amount be included in deductible expenses when calculating corporate income tax?

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Answering questions about license fees with the Law Office

Thu, 22 Apr 2021 16:16:31

The Lawyer currently does not regulate the charter capital and investment capital for the Law Firm and Law Firm. The rate of license fee is 1,000,000 VND / year according to the current regulations.

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Tax incentives for startup software buTax incentives for startup software businesses

Thu, 22 Apr 2021 16:16:26

Enterprises implementing new investment projects to manufacture software products, the income from this project is subject to the tax rate of 10% for a period of 15 years and tax exemption for no more than 4 years. 50% reduction of payable tax amount for no more than 9 subsequent years.

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Dissolution of enterprises must have confirmation of fulfillment of tax obligations?

Tue, 20 Apr 2021 16:37:33

The VNET Trading Services Company Limited (in Hochiminh City) is completing dissolution procedures. From the date of establishment to the date of dissolution, the Company does not have activities of buying and selling goods with foreign enterprises under goods purchase and sale contracts, including activities of temporary import for re-exporting, temporary export for re-importing and exportation of goods.

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When is exempt from paying administrative fines?

Tue, 13 Apr 2021 14:16:05

A reader who has email address as tranmanhx @ xx asked: I have just been sanctioned for an administrative violation of VND1 00,000,000. However, due to difficult family circumstances, I am unable to pay the fine. I would like to ask, May I suspend the enforcement of the decision to impose a fine or to waive it?

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Is it taxable to sell homemade food via Facebook?

Mon, 29 Mar 2021 12:29:50

Selling food through social networks, especially Facebook, is very popular. Does this business have to pay taxes?

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Which cases are exempted the land use levy?

Mon, 22 Mar 2021 13:29:52

The mother of Mr. Do Xuan Chinh (in Binh Duong Province) is the owner of a land plot after getting married. Now his mother wants to change the purpose of using 160m2 of garden land to residential land, apply for exemption or reduction of land use fees, because his father is a 4th/4th class invalids who has not yet received the exemption or reduction regime. Use the land again.

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Is there a second land use fee exemption or reduction?

Wed, 03 Mar 2021 10:34:24

Mr. Phung Van Thinh (in Phu Yen Province) is Kinh, his wife is an ethnic minority. He has 2 land plots of agricultural land next to each other. According to his reference, his family's case will be reduced by 50% of the fee to convert agricultural land to residential land and only be exempted or reduced once.

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Is there any VAT on project management costs?

Wed, 24 Feb 2021 13:46:48

In case the regional project management unit has other legal revenues that are not included in the investment costs of projects assigned to manage, the registration must be made. and pay all taxes, fees and charges in accordance with the current regulations on taxes, fees and charges.

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Are employee welfare payments tax-deductible?

Wed, 24 Feb 2021 13:45:55

In 2015, the Do Thanh Pharmaceutical Co., Ltd. spent some benefits to employees directly in cash. This expense is specified in the bylaws of the Company when it is fully documented. So, are these expenses counted as valid expenses when determining CIT?

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