Lưu trữ - Page 5 of 16 - 「DDC] Outsourcing Vietnamese Accounting Services・ Tax Consulting・ Legal Consulting For FDis・Setting up FDIs in Vietnam・ Auditing・ Human Resources・ Market/Goods Investigation

Customer referral contract between company and individual.

In case the company signs a collaborator contract with an individual to sell goods or provide services, the company should note the following basic points.

Regarding the subject and individual signing the contract, the individual participating in the signing of a service provision contract as above needs to satisfy all conditions for signing the contract. Specifically, in some conditional business lines, individuals need to register their business before entering into contracts, excepting for special cases where business registration is not required under Clause 2, Article 79 of Decree 01. 2021/ND-CP.

Regarding related tax policies, companies entering into contracts with individuals need to deduct 10% tax on income according to point i, article 25 of Circular 111/2013/TT-BTC. In addition, commissions paid to individuals are included in deductible expenses when determining corporate income tax when the conditions of Article 4 of Circular 95/2015/TT-BTC are met. As follows:

Actual expenses related to business and production activities.
Expenses with all current legal documents.
Payments with a value of over VND 20 million (including VAT) must be paid by bank transfer.

Regarding the nature of arising economic operations, in case the contents of the signed contract and the actual performance are not the same, the related expenses may be excluded from the expenses due to the violation of Article 4 of this Circular 95/2015 due to violation of the legal basis of documents.

Official Dispatch No. 1203/CTTPHCM-TTHT dated February 8, 2021

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[DDC] Dong Du International Accounting, Taxes & Legal Consulting Group HCMC Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel（ zalo/Viber/Line/Wechat/Whatapps） 090 925 7602 for your references.
#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

Vietnam’s economic growth in 2022 is forecasted to surpass Singapore and Indonesia, leading in Southeast Asia

According to the ASEAN+3 regional economic update report, Vietnam is forecast to have the strongest growth rate in Southeast Asia, at 7.5% in 2022.

For the “+3” economies including China, Japan and South Korea, the report estimates that 2022 GDP growth of these three economies will be at 5.5%, 2.9%, respectively. and 3%. In particular, the Japanese economy will grow stronger than previously forecast in October 2021, thanks to the strong recovery of private consumption and business investment.

As for ASEAN countries, AMRO experts expect the region’s economic growth to reach 5.2% in 2022.

Notably, among ASEAN countries, Vietnam is forecast to have the strongest growth rate in the region, at 7.5% in 2022. This forecast has put Vietnam ahead of Malaysia (6.0). %), Cambodia (5.2%), Singapore (4%) and Thailand (3.6%),… to lead Southeast Asia.

https://cafef.vn/tang-truong-kinh-te-2022-cua-viet-nam-duoc-du-bao-se-vuot-singapore-indonesia-dung-dau-dong-nam-a-20220128111258892.chn

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting
In case you have any question, please contact us at tonitran01092020@gmail.com or Tel（ zalo/Viber/Line/Wechat/Whatapps） 090 925 7602 for your references.
#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

Uncover business value from M&A in Vietnam

Strategic M&A and divestment activities are expected to recover when the COVID-19 epidemic is under control. This helps to revalue and devalue local companies.

Plans for mergers and acquisitions (M&A), strategic share purchases and equitization of state-owned enterprises will be continued and even accelerated. This will help attract foreign funds to Vietnam and will essentially help unlock the value of Vietnamese companies.

The drivers of M&A activities in Vietnam in the next 5 years include: a large and expanding consumer market (nearly 100 million people), reflecting the growth potential of key industries such as retail and services. Restaurant and beverage (F&B) services, financial services, real estate, transportation, healthcare and education, capital and expertise needs of domestic companies in the growing period.

Vietnamese enterprises have passed the foundation completion stage from 2000-2010 and the restructuring phase, from 2011-2018. Currently, Vietnam is strengthening its business foundation and developing a clearer growth strategy for the next cycle. The need for capital and expertise, especially in networking and digitalisation, is emphasized.

This opens up M&A opportunities in industries such as retail, financial services including banking and securities; industry and transport. Besides, it also helps speed up the equitization of state-owned enterprises. Currently, there are 93 state-owned enterprises with IPO plans and 209 state-owned enterprises planning to divest, including large players in the banking, telecommunications, retail, service and transportation industries.

https://bnews.vn/khai-pha-gia-tri-doanh-nghiep-tu-m-a/230786.html

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Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

The new policies take effect from the beginning of 2022

From February 1, 2022, a number of groups of goods and services are entitled to a reduction of value-added tax to 8% according to the Government’s Decree No. 15/2022/ND-CP dated January 28, 2022 on policies Tax exemption and reduction according to Resolution No. 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the program of socio-economic recovery and development. This regulation is applied from February 1, 2022 to the end of December 31, 2022.

Decree 111/2021/ND-CP amending and supplementing Article 15 origin of goods. In case the origin of goods cannot be determined according to the above provisions, writing the place where the final stage of finishing the goods is performed.

The Government has just issued Decree No. 02/2022/ND-CP detailing the implementation of a number of articles of the Law on Real Estate Business, effective from March 1. In which, organizations and individuals doing real estate business must meet 3 conditions.

First, an enterprise must be established in accordance with the law.
Second, information about the enterprise must be disclosed on the enterprise’s website.
Third, only trade in real estate that fully meets the conditions specified in Article 9, Article 55 of the Law on Real Estate Business.

According to https://vneconomy.vn/

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

FTA continues to be a driving force for Vietnam’s economic growth

In 2022, the bilateral and multilateral free trade association will continue to be one of the driving forces supporting Vietnam’s economic growth.

In 2022, bilateral and multilateral free trade association; in which, the Regional Economic Partnership Agreement (RCEP) that has just come into effect from January 1, 2022 is expected to continue to be one of the driving forces supporting Vietnam’s economic growth.

The UKVFTA agreement, which has been implemented since the beginning of 2021, has also helped the bilateral trade system between Vietnam and the United Kingdom reach nearly $6.6 billion and export value both increased by double digits.In that, export already got 15.4% and import surely reached at 24.1%.

As for the CPTPP, export growth to two markets where Vietnam has just had an FTA such as Canada increased by 19.5% and Mexico was 46.1%. In particular, the market potential and small like Peru, also increased by 84.3%, even in some periods up to 300%.

https://bnews.vn/fta-tiep-tuc-la-xung-luc-cho-kinh-te-viet-nam-tang-truong/230569.html

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

Tighten the law to protect consumers

According to the drafting agency, the Law on Protection of Consumer Rights was approved by the 12th National Assembly at its 8th session on November 17, 2010 and took effect from July 1, 2011.

However, in more than 10 years of implementation (2011-2022), the domestic and international context has changed a lot, and Vietnam’s integration process has become more and more extensive.

Therefore, the Law on Protection of Consumer Rights has arisen many problems and inadequacies. Some regulations are no longer suitable with its reality. Therefore, the development of the Law on Consumer Protection (amended) is a necessary activity to overcome the shortcomings and inadequacies posed during the implementation of the Law for protecting the interests of consumers. At the same time, ensuring the implementation of international commitments that Vietnam has signed, joined or is in the process of completing procedures to join.

Accordingly, the Draft Law on Consumer Protection (amended) proposes many prohibited acts for business organizations and individuals, for online intermediary platforms…

In addition, the draft also clearly states that it is forbidden to perform illegal multi-level selling acts specified in Clause 3, Article 44 of this Law.

https://vneconomy.vn/siet-chat-phap-ly-bao-ve-nguoi-tieu-dung.htm

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Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Taiwan, Europe, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources