New decree implementing the Law on tax administration 2019
PwC Legal Vietnam
25th October 2020
Following the introduction of the new law on tax administration in June last year, the Government has just released Decree 126/2020/ND-CP guiding its implementation. The decree includes some key provisions on the taxation of e-commerce. More stringent sanction measures are also introduced, together with a wide range of changes in tax admin procedures. As presaged in the law, the decree sets out the new powers which the tax authorities will have to disregard the legal form of transactions and deem tax – Vietnam’s first, if rudimentary, general anti avoidance provision.Regarding e- invoices, e- documents, and penalty regimes, separate decrees have also concurrently been issued. We summarise some of the key points of this new decree in this article. There is a lack of detail on some of these important new rules, which will hopefully be forthcoming in implementing circulars in due course.
Please Login or Register for Free now to view all updates and articles
In addition to free-to-view updates and articles, you can also subscribe to the full Legal Centrix Vietnam Service including access to:
- Overview notes on the law
- Thousands of high quality translations of legislation covering all key business areas
- Legal and tax updates
- Articles on important legal and tax issues
- Weekly email alerts
- Sophisticated web platform and search
Legal Centrix is trusted by top law and accounting firms.
Author
-
PwC Legal Vietnam
Vietnam
Related Content
- Monday, July 15 2019
- Wednesday, July 08 2020
- Monday, August 31 2020
Tags
Recent updates
- Circular 27/2024/TT-BCT On Regulations On Criteria For Evaluation Of Bids And Forms Of Bidding Dossiers For Selection Of Investors For Implementation Of Energy Project Investment Projects
- Circular 76/2024/TT-BTC On Guiding The Information Disclosure And Reporting Regime On The Offering And Trading Of Individual Corporate Bonds In The Domestic Market And The Offering Of Corporate Bonds In The International Markets
- Decree 147/2024/NĐ-CP On Management, Provision And Use Of Internet Services And Online Information
- Myanmar: The Role of Consumer Protection and Competition in Myanmar
- Cambodia: Updated Tax on Transportation Means for 2025
- Vietnam: More Requirements on Internet Service and Online Information
A leading provider of legal and tax know-how and information for Asia.
Copyright © 1997 - 2024 Legal Centrix. All Rights Reserved Privacy Policy | Terms of Use