Tax Newsletter 2022

Stay up-to-date with the latest tax notices and legal environment to know the latest changes to tax laws and laws related to your business!


MONTH 12-2022

MONTH 11-2022

Consequences of leaving a business that owes taxes

Abandoning the enterprise without liquidating all its obligations, especially the one that owes tax, will lead to problems such as:
+ Suspended exit from Vietnam for Legal Representative / Business Director
+ Coercively applied
+ Not allowed to set up a new business
+ Unable to carry out business procedures

Instructions | Managing foreign exchange for borrowing and paying foreign debts of enterprises (From November 15, 11)

The jobs that enterprises with foreign loans need to perform according to the provisions of Circular 12/2022/TT-NHNN from November 15, 11, such as:
Borrower's reporting obligations: On a monthly basis, no later than the 05th of the month following the reporting period, the Borrower must report online on the performance of short, medium and long-term loans at the Website.
Use of the Website: Borrowers use the website for management of foreign loans and repayment of foreign loans of the State Bank to:
+ Registration/registration for change of medium and long-term loans (except for foreign loans in the form of deferred import of goods) [optional but recommended].
+ Report on the implementation of foreign loans [required implementation].
+ Update the changes of medium and long-term loans but do not have to re-register [required implementation].

MONTH 10-2022

Decree 91/2022/ND-CP amending and supplementing Decree 126/2020/ND-CP guiding the Law on Tax Administration

On October 30, 10, the Government issued Decree 2022/91/ND-CP amending and supplementing Decree 2022/126/ND-CP guiding the Law on Tax Administration, with specific changes such as: to be:
+ Total CIT temporarily paid for 04 quarters must not be less than 80% of CIT payable according to the annual finalization. Previously, according to Decree 126/2020/ND-CP, the total CIT temporarily paid for the first 03 quarters of the tax year must not be lower than 75% of the payable CIT amount according to the annual finalization.
+ Personal income tax declarer is an organization or individual paying income in the case of monthly or quarterly personal income tax declaration but in that quarter there is no deduction of personal income tax of the recipient. income, the taxpayer is not required to submit a personal income tax return
+ The owner of the e-commerce floor is responsible for providing fully, accurately and on time according to regulations to tax authorities information of traders, organizations and individuals that have conducted part or the whole process. buy and sell goods and services on e-commerce trading floor.

MONTH 09-2022

MONTH 08-2022

MONTH 07-2022

MONTH 06-2022

MONTH 05-2022

Extension of deadlines for payment of VAT, CIT, PIT and land rent in 2022

Recently, the Government has issued Decree No. 34/2022/ND-CP extending the deadline for payment of value added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and money. land lease in 2022. Accordingly, the Decree takes effect from May 28.5.2022, 31.12.2022 to the end of December XNUMX, XNUMX.
See details in the article…

MONTH 04-2022

From April 21, activate e-invoices nationwide

The General Department of Taxation has set a target to achieve at least 50% by May 10, 5, 2022% by May 31, 5, and by the end of June 2022, 90, 30% of enterprises and organizations must be completed. economic, individual - business households switch to using electronic invoices.

MONTH 03-2022

MONTH 02-2022

Reducing VAT from 10% to 8% in 2022 (From February 01 – Detailed application instructions)

2% reduction of value added tax rate in 2022, applicable to groups of goods and services currently subject to the value-added tax rate of 10% (remaining 8%), except for some of the following groups of goods and services: telecommunications, information technology, financial activities, banking, securities, insurance, real estate trading, metals, prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum , chemical products, goods and services subject to excise tax.
Look up the list of goods and services that cannot be reduced and instructions on how to write a VAT reduction invoice, please see the detailed article content.

MONTH 01-2022

Foreign workers pay social insurance from January 01, 01

From January 01, 01, foreigners will have to participate in social insurance and health insurance regimes according to Decree 2022/143/ND-CP, Law on Health Insurance Amendment 2018 and Decision 2014/QD-BHXH according to regulations. Specific rates are as follows:

Enterprises pay: 20.5%, foreign workers pay: 9.5%

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We hope that you will find the EXPERTIS Tax Update useful and we welcome the opportunity to further discuss the issues presented and their impact on your business.