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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

Announcement of New Online Tax System
Thông báo triển khai hệ thống thuế điện tử mới
  • PwC Legal Vietnam
May 23 2019

The General Department of Taxation has announced the termination of operation of online tax declaration and online tax payment systems in 15 provinces. These two systems are replaced by a new online tax service system (eTax). The replacement took effect from 6 May 2019.


New Circular Amending Value Added Tax (“VAT”) Regulations
Thông tư mới sửa đổi quy định Thuế Giá trị gia tăng (“GTGT”)
  • PwC Legal Vietnam
May 23 2019

n April 2019, the Ministry of Finance released Circular 18/2019/TT-BTC (“Circular 18”) to repeal the contents of Circular 134/2014/TT-BTC dated 12 September 2014 (“Circular 134”) guiding the procedures for extending the deadline for VAT payment at import stage and VAT refund related to machinery and equipment imported to create fixed assets of investment projects. The new circular will take effect from 20 May 2019.


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