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Publications

Vietnam Tax & Accounting Update September 2019

 

Our September 2019 publication of our monthly Tax and Accounting Updates looks at amendments to methods for customs values for import and export taxes, and covers our regular review of recent Official Letters released by the Tax Authorities.

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Vietnamese Enterprise & Investment Law – September 2019 Update

 

Vietnam continues to refine and amend it economic and administrative procedures and structures to meet ongoing global commitments for integration, and to progress the advancement of the domestic economy. The Law on Investment 2014 and Law on Enterprise 2014 are the key legal documents presently regulating both domestic and foreign investment, along with corporate structures and operations, and both are to be amended at an upcoming session of the National Assembly. The third draft of proposed changes to these Laws was recently released for comment, and we have detailed below some of the key changes arising to these Laws.

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Client Alert, September 2019 - Circular 48/2019 on Accounting for Provisions in Vietnam

 

On 8 August 2019, the Ministry of Finance issued Circular 48/2019/TT-BTC (“Circular 48”)providing guidance on the accounting and tax treatment of provisions for devaluation of inventories, losses on investments, doubtful debts and warranties for products, services and construction work, all of which have an impact on the deductibility of related expenses for Corporate Income Tax (“CIT”) purposes.

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Launch - Danang Market Guide for Investors

 

On Wednesday 21 August, Domicile Corporate Services launched their Danang Market Guide at Surf Space Co-Working Space [part of the Danang Business Incubator ("DNES")], as part of Domicile's suite of Guides for foreign investors seeking to invest into Vietnam.

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Why an Experienced Chief Accountant Matters in Vietnam

 

Vietnamese laws require Vietnamese companies to appoint a certified/registered Chief Accountant, except for those such as "extra-small" enterprises as defined by the law. However, given the significant registration requirements a company faces following incorporation or establishment in Vietnam, new companies are encouraged to appoint an experienced Chief Accountant to ensure the legal registrations and operation of the company are undertaken in accordance with relevant laws, and to avoid risks and penalties from non-compliance.

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Vietnam Tax & Accounting Update August 2019

 

This August 2019 publication of our Tax and Accounting Updates looks at the new Circular on Foreign Exchange Management for Foreign Direct Investments in Vietnam, and our regular review of recent Official Letters released by the Tax Authorities.

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Incorporating a Company in Vietnam: Frequently Asked Questions from Foreign Investors

 

The process to establish/incorporate a company in Vietnam can be somewhat different to other jurisdictions, with the terms used and specific requirements often confusing or difficult to interpret. We have highlighted 9 questions that we regularly receive from foreign investors during their research or establishment processes in Vietnam, and have provided answers to assist investors accordingly.

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Vietnam Tax & Accounting Update July 2019

 

This July 2019 publication of our Tax and Accounting Updates looks at the new Law on Tax Administration, Decree for implementing CPTPP tariff commitments, and our regular review of recent Official Letters released by the Tax Authorities.

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Vietnam Market Entry Guide 2019

 

We have published our 2019 Market Entry Guide for Vietnam, which is a detailed publication covering the processes, structures and considerations for foreign investors seeking to enter Vietnam.

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
Level 13, Hanoi Towers
49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

Email

info@domicilecs.com

Phone

+84 (0)28 6291 5779 (HCMC)
+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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