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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