The deadline for personal income tax 2023

Personal income tax (PIT) payers must know clearly the deadline for making a declaration and paying PIT to avoid sanctions for administrative violations in accordance with law provisions.

27/12/2022

[Updated] Region-based minimum wage levels in 2023 of 63 provinces and cities

“What are the region-based minimum wage levels in 2023?” This problem gets many concerns from employees, especially after the increase in basic wage from July 01, 2023. Here are the details of region-based minimum wage levels in 2023.

22/12/2022

Law on Anti-Money Laundering 2022: 7 remarkable new points

In order to ensure money security, and national financial safety, and contribute to the improvement in anti-money laundering and anti-corruption, the National Assembly has approved the Law on Anti-Money Laundering 2022 which takes effect on March 2023. Here are the remarkable new points of Law on Anti-Money Laundering 2022:

20/12/2022

3 types of payable taxes, charges for business households in 2023

In the process of production and business, households and individuals must pay taxes and charges in accordance with law provisions. Payable charges and taxes include personal income tax, valued added tax, and business license tax.

16/12/2022

4 Laws take effect on January 01, 2023 with remarkable contents

There is only 01 month left until 2023. This is the time that the 4 following Laws take effect with many remarkable contents. Let's review the remarkable contents of 4 Laws that take effect on January 01, 2023.

12/12/2022

Loss-making businesses must pay personal income tax

Regulations on personal income tax are currently amended, supplemented, or issued, however, there are many disadvantages such as taxes from loss-making security transfers, business households, or individuals.

08/12/2022

Who are the business license fee payers? What is the deadline for license fee payment?

The business license fee is the assigned amount that organizations, individuals, individual groups, and households engaged in goods production and service provision activities, excluded exempted cases. The business license fee period 2023 is assigned with a specific time in accordance with the periodical responsibilities.

01/12/2022

What is the whole tax? How is it applied to each type of incomes?

Depending on the sources of each type of income, payable incomes can be calculated in accordance with the partially progressive tax tariff or whole progressive tax tariff. In order to understand the definition of the whole tax which is applicable to all types of income tax, please follow this article.

28/11/2022

What is the basic wage? What are the differences between basic wage and region-based minimum wage?

Recently, the basic wage which is increased by VND 310,000/month has had a great effect on the incomes of many people in this society. So, what is the basic wage? What are the subjects of basic wages?

25/11/2022

What is the personal income tax? Who must pay the personal income tax?

Personal income tax (PIT) is a popular type of tax, at the same time, this is an important revenue to the state budget. However, not everyone knows what is personal income tax and who must pay the personal income tax.

21/11/2022

10 new trademark provisions in Vietnam's 2022

Intellectual property is regarded as a company's most important and valuable asset. In particular, it cannot be denied that a trademark is the industrial property object with the highest commercial exploitation value. Numerous amendments and additions have been made to Vietnam's 2022 Intellectual Property Law in order to improve the effectiveness of the intellectual property protection mechanism and fulfill Vietnam's legal obligations under International intellectual property agreements to which Vietnam is a signatory, including CPTPP, EVFTA, and RCEP...

18/11/2022

12 critical patent provisions in Vietnam’s 2022 amended IP Law

The Amended IP Law of 2022 contains extensive amendments which are considered a major overhaul of the current Vietnamese patent system. Hereunder are 12 key provisions adopted from the amended IP law concerning patent-related matters for your consideration.

18/11/2022

Conditions, procedure for capital contribution by land use rights

Capital contribution by land use rights is a form of land use right transfer and this form is more popular than capital contribution by money. It is compulsory to update the changes and modifications in accordance with law provisions when making a capital contribution by land use rights.

15/11/2022

Form for suspending the use of e-invoice issued by the Ministry of Finance

This post introduces the latest form of suspending the use of e-invoices and more information on the procedure, and process of informing the suspension of the use of e-invoices.

14/11/2022

5 cases for construction of works are not permitted

A construction permit is the first required condition before starting construction of works, however, everybody should pay much attention to the cases for construction of works that are not permitted (residential houses or others).

10/11/2022

The adjustment of an e-invoice: When is an e-invoice adjusted? How is the procedure?

Adjustment of an e-invoice is one of the methods when having e-invoices containing errors in order to help sellers to adjust the errors in e-invoice in accordance with law provisions and current situations.

08/11/2022

How old are the working ages in Vietnam?

Working age is one of the important bases for defining whether employees are eligible for signing the labor contract or not. In accordance with current regulations, how old are the working ages in Vietnam?

04/11/2022

Analysis of Decree No. 91/2022/ND-CP: Many changes in tax administration

Decree No. 91/2022/ND-CP on amending and supplementing a number of articles of Decree No. 126/2020/ND-CP detailing a number of articles of the Law on Tax Administration and taking effect on October 30, 2022.

03/11/2022

Building up your brand in 20 years in Vietnam, but losing it in a few days. WHY?

It takes almost 2 years for their trademark application to be registered in Vietnam. However, developing a good brand may take five to ten years or even twenty years. If you do not have a system in place for managing your company's documentation, including Trademark Registration Certificates, you could lose your trademark rights within a few days.

02/11/2022

Methods of customs valuation applicable to exported goods

In order to calculate the payable export tax price, tax rate and export duty price must be known. In order to define the export duty price, it is necessary to know the principles and methods of customs valuation applicable to exported goods

31/10/2022

Hot policies take effect on November 2022

Many new policies on finance, salary, construction, or transportation shall formally take effect in November 2022. Here are the details on these policies

28/10/2022

Improper use of registered trademarks in Vietnam – Risks and solutions

After a number of years of commercializing the branded products, many trademark owners wish to refresh the look of their brands by modifying certain elements to make the mark more noticeable and approachable to the general public. Most of them believe that because they have registered a trademark, they are free to use it in whatever way they choose. This simplistic way of thinking results from a neglect for or insufficient understanding of the intellectual property requirements, which cost the trademark owner a hefty price.

27/10/2022

Does the personal income tax collection subject to monthly or quarterly declaration?

Monthly or quarterly personal income tax declaration is very important because it decides the responsibility for submitting the taxpayer’s declaration and payment and the periodical jobs that every accountant must do.

26/10/2022

What is the tax withholding of personal income tax? Must have tax declaration for not incurring withholding tax?

Tax withholding of personal income tax is applicable to various income taxes. Tax withholding for incomes from wages, and salaries is a quarterly and monthly temporary payment. So, what is the tax withholding of personal income tax? Must have tax declaration for not withholding tax?

25/10/2022

Calculation of enterprise income tax from capital transfer

Incomes from the capital transfer are the other income when calculating the enterprise income tax. It is necessary to know the calculation of the enterprise income tax from the capital transfer.

24/10/2022

Force employees to take off work to use up their leaves, is it legal?

Many employers require employees to take off work to use up their leaves in order not to pay a wage amount for the untaken leave days. Force employees to take off work to use up their leaves, is it legal?

21/10/2022

[Latest] The level of disaster management fund payment for employees

In order to support the activities in disaster prevention and fighting, employers and employees all pay for the disaster management fund in case the state budget cannot satisfy all the requirements. So, what is the level of disaster management fund payment for employees?

19/10/2022

Social insurance premium is lower than the actual wage: Is it illegal for enterprises?

Social insurance premium for an employee is a great expenditure for every enterprise. Many enterprises contribute lower social insurance premiums than the actual wage. Is it illegal for enterprises?

17/10/2022

Should a foreign company open branch or representative office?

Foreign companies have the right to establish branches or representative offices in Vietnam.

13/10/2022

Regulations of foreign enterprises in Enterprise Law 2020

Foreign investors are eligible to have an investment in Vietnam in the form of economic organizations establishment including enterprise establishment. Currently, Law on Enterprise 2020 has been having many effects on enterprise establishment in Vietnam.

11/10/2022

Public holiday leaves of foreign employees in Vietnam

Foreign employees are taking important roles in the insufficient conditions of human resources in Vietnam over the past time. How do Vietnamese laws ensure their rights by public holiday leaves?

10/10/2022

How to determine the natural resource volume used for royalties calculation?

In order to get the royalties amount payable in a period, beside royalties calculation price of natural resources and royalties rate, the volume of royalties-liable natural resources is also necessary to determine. The determination of the natural resource volume used for royalties calculation is prescribed as follows:

08/10/2022

How many days do employees have for personal leaves?

The Labor Code also prescribes personal leaves which help employees to solve personal problems besides other leaves such as Tet holiday, and vacations. So how many days do employees have for personal leaves?

07/10/2022

Every enterprise must know: Working schedule on labor - insurance

LuatVietnam shall supply the details on work performance in labor and insurance in order to help enterprises to perform work in labor and insurance before the deadlines.

06/10/2022

8 subjects entitled to monthly social allowances: Who are they?

A monthly social allowance is one of the State’s support policies for people who have difficult and extremely difficult circumstances. Here is the information on the subjects entitled to monthly social allowances in accordance with law provisions.

06/10/2022

What are jobs which require trained employees? Are trained employee’s wages higher than at least 7%?

After the issuance of Decree No. 38/2022/ND-CP, the wage payment for trained employees causes many difficulties for enterprises. How to understand the jobs which require trained employees? Whether trained employees have higher wages than others or not?

03/10/2022

Guidance for royalties calculation price of natural resources

In order to calculate the royalties amount payable in a period, it is necessary to define the volume of royalties liable natural resources, royalties calculation price of a natural resource- unit and royalties rate. Here is the guidance for royalties calculation price of natural resources.

03/10/2022

What are the import duty and export duty? Who are the dutiable objects?

Import duty and export duty are important taxes of each country and the revenue sources of the state budget. So, what are the import duty and export duty? Who are the dutiable objects of import duty and export duty?

02/10/2022

Hot policies take effect on October, 2022

What are the new legal policies applicable on October 2022? Please review the significant regulations in the bulletin as follows:

30/09/2022

Excise tax 2022: Who will pay? What is the payable excise tax amount?

Excise tax is applicable to a number of luxury goods, and services. The excise tax rate (tax rate) is relatively high compared with other taxes, even though, the excise tax rate of some goods is 150%.

29/09/2022

Priority rights in the mark registration: How to get it right?

The copies and imitations of logos and marks are more and more popular. The applicant must understand clearly and apply the priority rights in the mark registration to protect this situation.

28/09/2022

The income-based method for land pricing

There are various land pricing methods such as methods of direct comparison, subtraction method, land price adjustment coefficient method, surplus-based method, and income-based method. Here are the conditions and land pricing methods for the income-based method.

28/09/2022

What is the payable excise tax rate?

Although the excise tax rates of goods and services are different, the payable excise tax amount is defined in accordance with the common method, the payable excise tax amount is the excise taxed price multiplied by the excise tax rate.

27/09/2022

Tips for enterprises to handle breaches of labor discipline

Enterprises must handle breaches of labor disciplines for employee's non-compliance. So, what are the most efficient ways for enterprises?

26/09/2022

Roadmap of increasing tuition in the 2022 - 2023 school year

In accordance with Decree No. 81/202/ND-CP, tuitions of high schools and universities can gradually increase together with the consumer price index and annual economic growth from the 2022 - 2023 school year.

26/09/2022

The excise tax rate (Updated in 2022)

The excise tax rate is the tax payment level of some luxury goods and services such as tobacco, beer, liquor and beer...which have high tax rates.

25/09/2022

Wage payment by products: Is it legal or not?

Some employers pay wages by-products that are manufactured and traded on their own in order to process the inventories and get financial optimization. Whether this action is legal or not?

24/09/2022

What are the charges for inventions eligible for protection?

The invention is protected by law in the granting forms. Individuals and organizations must know the specific charges for invention eligible for protection together with preparing the full application.

23/09/2022

Analysis of the Circular No. 50/2022/TT-BTC on compulsory insurance in construction investment activities

On August 11, 2022, the Ministry of Finance shall issue Circular No. 50/2022/TT-BTC on compulsory insurance in construction investment activities which takes effect on October 01, 2022.

22/09/2022

When does the employer notify in writing of termination of labor contracts?

Labor contacts can be terminated for many reasons by employers or employees. When does the employer notify in writing of the termination of labor contracts?

21/09/2022

Tuition collection of universities in the 2022 - 2023 school year

Tuition collection is an important factor that all parents and students pay attention to when choosing any university. The following article can be helpful in supplying the latest tuition collection of universities in the 2022 - 2023 school year for all public education institutions.

20/09/2022

Leaving jobs during the maternity period

Many female employees choose to leave jobs during the maternity period. Whether can female employees leave jobs at their will?

19/09/2022

What is the environmental protection tax? What are taxable objects?

Environmental protection tax is a popular type of tax that is applicable to commodities having bad impacts on the environment. So, what is the environmental protection tax? What are taxable objects?

19/09/2022

What is the excise tax? What are excise tax-liable goods and services?

Excise tax is a tax imposed on a specific good or activity and is commonly levied on cigarettes, alcoholic beverages, soda, and gasoline. So, what is the excise tax? What are excise tax-liable goods and services?

19/09/2022

Non-agricultural land use tax: Who will pay? What is the rate?

Non-agricultural land use tax is the compulsory payment for organizations, individuals, and households when using non-agricultural land.

16/09/2022

Electronic identification accounts of foreigners: How to register and use?

Both Vietnamese citizens and foreigners are issued with electronic identification accounts. Here is the information on the electronic identification account.

16/09/2022

Value-Added Tax 2022: 8 regulations to know

Value Added Tax (VAT) is popular with everybody. The rates of VAT include 0%, 5%, and 10%, within that 10% is the most popular rate.

15/09/2022

What is the piecework-based wage? How to calculate?

An enterprise shall choose the suitable form of payment depending on labor demands and the nature of work. Enterprises can choose to pay by piecework-based wage to improve their productivity. So, what is the piecework-based wage?

14/09/2022

14 cases of tax exemption and reduction of non-agricultural land use tax

Non-agricultural land use tax has a low tax rate (the maximum rate is 0.2%). Tax exemption of non-agricultural land use tax is the thing that everybody wants although the tax rate is not high.

13/09/2022

What are the benefits for employees with seniority?

Many employees decide to stay and work for enterprises for a long time. Employees with seniority shall enjoy a number of the following benefits.

12/09/2022

Procedure: The registration of image copyright

In the era of technology development 4.0, creative images and content are easily copied or illegally used for bad purposes. Therefore, the registration of image copyright is extremely necessary to protect the author’s rights and benefits.

12/09/2022

A - Z procedure: Copyright registration of software

The software industry takes important roles in daily lives, the number of enterprises in software industry increases day by day. Therefore, copyright registration for software is increasingly taken many cares.

09/09/2022

Dissolution of joint stock companies: Conditions and Procedure

Many enterprises choose dissolution when meeting difficult conditions in capital or production. And dissolution is considered the way that many owners choose to stop the enterprise’s operations that are not operating efficiently. However, what should be done to dissolve the joint companies?

08/09/2022

Methods for determining personal income tax

Tax bases for incomes from business activities and incomes from salaries or wages can help employees and employers to calculate the taxable amount for employees.

07/09/2022

5 duty refund dossiers for import duty and export duty

Enterprises must prepare full dossiers and submit the request via electronic data systems in accordance with the criteria in the form in order to get the duty refund for import duty and export duty. Here are the latest duty refund dossiers for import duty and export duty.

06/09/2022

4 notes on using e-invoices created from cash registers

E-invoices with tax offices’ codes created from cash registers electronically connected to tax offices are applicable to a number of subjects of sales and service supplies. This is the suitable form with the current situation for suitable investment and easy usage.

05/09/2022

What is the use of an unlawful invoice? What are the fines?

Many enterprises are using unlawful invoices; unlawfully using invoices for making the tax. Having a deep and right understanding of using unlawful invoices; unlawfully using invoices for making the tax and sanctioning levels shall help to avoid these behaviors.

05/09/2022

What is the sanctioning of the acts of making incorrect declarations to reduce payable tax amounts?

Acts of making incorrect declarations to reduce payable tax amounts are considered as the administrative violations in tax and the statute of limitations for sanctioning of tax administration-related administrative violations is in the longer time compared with other administrative violations, in particulars, 05 years from the date of commission of the violations.

04/09/2022

What is a legal person? What are the conditions of being recognized as a legal person?

The definition of legal persons is mentioned in many current legal documents. Joint LuatVietnam to find out important information related to a legal person in the article as follow.

03/09/2022

229 sectors and trades subject to conditional business investment

The conditional business investment takes an important role in the investment and business activities in Vietnam. However, the answer to the question “what are the sectors and trades subjected to conditional business investment?” helps investors and enterprises to meet the business conditions in national security, social ethics, and so on.

02/09/2022

5 cases of duty refund for import duty and export duty

A duty refund is the return of duty that is collected by authorized agencies from enterprises because the revenue is more than the payable tax amount or is not applicable to the payable objectives. Here are the cases of duty refund.

01/09/2022

Can an enterprise change employee’s workplaces?

There are many arguments relating to workplaces, even though many employees quit their jobs for the changes in their workplace. Whether the law allows enterprises to do this or not?

31/08/2022

List of provinces, cities getting tuition fee exemption in the school year of 2022 - 2023

To this time, many provinces and cities have noticed tuition fee exemptions and reductions for preschools and formal education institutions in their localities. The following article shall collect all provinces and cities getting tuition fee exemption and reduction in the school year of 2022 - 2023 as well as tuition range for the school year of 2022 - 2023.

30/08/2022

Methods for determining taxable income

In order to calculate the payable enterprise income tax, the accountant must define the taxable income.

29/08/2022

Can establish an enterprise and its branches at the same time?

A number of enterprises have plans to establish branches in order to develop the production and business scale. Can establish an enterprise and its branches at the same time?

29/08/2022

Online teaching of foreign languages: Need to open a training center?

Learning foreign languages take important roles in daily life, studying, and business in many forms. Online learning is a popular form for everybody. So, do online teaching of foreign languages need to open a training center?

27/08/2022

E-commerce business: Registration conditions and procedures

The e-commerce business has been creating great profits for businessmen. However, all businessmen must satisfy strict regulations and register with authorized agencies under the Government’s administration.

26/08/2022

5 cases for employees to receive advance payment of wages

In accordance with the provision prescribed in the Labor Code 2019, employers must give advance payment of wages in some cases. What are the cases for employees to receive an advance payment of wages?

26/08/2022

What is a document? What are types of documents?

Documents are an indispensable part of an enterprise's business and production activities. So, what is a document? What are the types of documents? And what are the contents of the documents?

26/08/2022

What is a dividend? How to pay the dividend?

Shareholders shall pay attention to shares and dividends when purchasing shares. Within that, the dividend is generated from the company’s profits after finishing other obligations, the remained profits shall be divided among shareholders.

25/08/2022

A branch or a representative office: What is the best choice for the foreign trader?

Foreign traders are allowed to establish branches or representative offices in Vietnam. However, what should the foreign trader choose to establish between a branch or a representative office?

25/08/2022

Conditions, procedure for establishing the representative office of a foreign trader

Foreign traders have the right to establish a representative office in Vietnam, accordingly, the conditions, process, and procedure for establishing a representative office are as follows:

25/08/2022

What is the resident establishment of a foreign enterprise in Vietnam?

We often mention the permanent residence places, and temporary residence places of individuals, the decision of the resident establishments of an enterprise is still new. So, what is the resident establishment of foreign enterprise?

24/08/2022

Market access conditions applicable to foreign investors

Market access conditions applicable to foreign investors are the same with domestic investors, however, there are some exceptions.

23/08/2022

Establish new enterprise after bankruptcy: Many mistakes!

After receiving the decision of bankruptcy from the judges, the enterprise shall formally terminate its legal identity. Bankruptcy causes many legal consequences, the most significant consequence is the right to establish a new enterprise.

23/08/2022

What are non-cash payment documents?

To calculate the input value added tax or add to the deductible expenses of taxable income, expenses for the purchase of goods or services valued at VND 20 million or more (VAT-inclusive prices) per invoice with non-cash payment documents.

23/08/2022

23 other incomes of enterprise income tax (EIT)

To calculate exactly the payable enterprise income tax, it is necessary to define the total revenue from production and business activities, and other taxable incomes in accordance with law provisions.

22/08/2022

Deductible expenses for determining taxable income

Every accountant must determine deductible expenses and non-deductible expenses in order to ensure the right tax amount and enterprise's benefits. Deductible expenses for determining taxable income are defined in the following post.

22/08/2022

4 cases not entitled to lump-sum payment of social insurance benefits

Many employees choose to get the lump-sum payment of social insurance benefits instead of paying social insurance in the long time to get pension. However, not all the employees can get the lump-sum payment of social insurance benefits after leaving jobs.

18/08/2022

Detailed dossier for partnerships

Partnerships are a type of enterprise in Vietnam that many people choose to establish when the business lines are required for this type. LuatVietnam shall have detailed guidance in this post.

18/08/2022

When are the tax administration-related administrative decisions enforced?

Enforcement of tax administration-related administrative decisions is when the authorized individual applies the method in accordance with law provisions in order to ensure the administrative decision on tax administration

17/08/2022

Incentives of tax exemption and reduction durations for enterprises

Enterprises receive not only a preferential tax rate but also have a long reduction duration, some enterprises receive this incentive for over 10 years.

15/08/2022

Who shall get the preferential tax rate of 10%? In how many years?

The enterprise income tax shall normally apply to the tax rate of 20%. Besides, a number of enterprises can apply the preferential tax rate of 10% in consistent time or use it all the time of production and business.

12/08/2022

Determination and carry-forward of losses when calculating enterprise income tax

Determination and carry-forward of losses when calculating enterprise income tax in order to ensure the correct definition of payable tax amounts and enterprise's rights and obligations. In accordance with law provisions, the maximum duration for loss carry-forward is 5 consecutive years for enterprises.

11/08/2022

How does the Decree 47/2022 “tighten” by-automobile transport business?

Takin effect on September 01, 2022, Decree No. 47/2022/ND-CP prescribes many essential changes to tighten the by-automobile transport business. This information shall be introduced by LuatVietnam in the post as follows:

08/08/2022

Analysis of Decree No. 49/2022/ND-CP on Value-Added Tax

On July 29, the Government hereby promulgates the Decree No. 49/2022/ND-CP on amending and supplementing a number of the Government's Decree No. 209/2013/ND-CP detailing and guiding a number of articles of the Law on Value-Added Tax, which was amended and supplemented under Decree No. 12/2015/ND-CP, Decree No. 100/2016/ND-CP and Decree No. 146/2017/ND-CP.

05/08/2022