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Updates

New Circular on Making Provisions
  • PwC Legal Vietnam
August 27 2019

In August, the Ministry of Finance (“MoF”) released Circular 48/2019/TT-BTC, providing guidance on several types of provisions. Circular 48 will take effect from 10 October and will apply for fiscal year 2019 onwards. Circular 48 replaces Circular 228/2009/TT-BTC and its amendments.


Free Trade Agreement signed with European Union
  • PwC Legal Vietnam
July 02 2019

BVI Draft Economic Substance Code Now Released
  • Grant Thornton Vietnam
June 25 2019

On 23 April 2019, a draft Economic Substance Code (the draft Code) was issued by the British Virgin Islands International Tax Authority (ITA) as a supplementary to the Act but not deemed legally binding. It details the guidance on how to meet the economic substance requirements, the legislation interpretation and the scope that ITA will carry out its functions.


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