Distinguish prepaid, accrued & contingent expenses based on the circular 200/2014 (VAS)

Distinguish prepaid, accrued & contingent expenses based on the circular 200/2014 (VAS)

Inputting Account data is a very important part of accounting, but many people still do not understand its importance. Accounting is like a piece of daily routine, which an accountant will have to perform. Therefore, if you encounter shortcomings in this stage, it will be very reprehensible to affect the company.

In case you have more detailed advices, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, Vietnam, 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, Campodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

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Resolution No. 954/2020 / UBTVQH14 on adjusting the family circumstance-based reduction of income tax.

Resolution No. 954/2020 / UBTVQH14 on adjusting the family circumstance-based reduction of income tax.

Talking with Tuoi Tre, Mr. Pham Dinh Thi – Head of Tax Policy Department, Ministry of Finance – said the family allowances are based on the provisions of the amended Personal Income Tax Law.

Accordingly, when the CPI fluctuates by 20% compared to the time when the law takes effect or when the latest GTGC is applied, the Government submits to the National Assembly Standing Committee to adjust the reduction based on family circumstances in accordance with price fluctuations to apply for the next tax period.

The proposal of the Ministry of Finance to increase the additional family allowances by VND 2 million / month for taxpayers and VND 800,000 / month for dependents is based on the increase corresponding to the fluctuation of the CPI.

In case you have more detailed advice, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, Vietnam, 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 … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

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The chief accountant cannot sign the authorization of the head of the enterprise on accounting vouchers.

The chief accountant cannot sign the authorization of the head of the enterprise on accounting vouchers.

During the operation of an enterprise, not only does the VAT invoice be considered as a cost document of the business, it also uses many other types of documents that constitute the expense items. Enterprises should pay attention to the current provisions of legal documents when making payments and transactions. Avoid the situation, that cost is the actual cost paid by the enterprise but does not comply with the provisions of law, leading to the expense not recognized as deductible (valid) when CIT determination.

In case you have more detailed advice, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, Vietnam, 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 … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.

Tax policy for goods imported by contractors for factory construction, equipment installation for export processing enterprises.

Tax policy for goods imported by contractors for factory construction, equipment installation for export processing enterprises.

Export processing enterprise means an enterprise located in an export processing zone, specializing in the production of consumer goods used for export to foreign markets. 100% of goods produced by export-processing enterprises must be exported to foreign countries and declared to the customs offices. In order to maximize the effectiveness of transactions with export processing enterprises or export processing zones, enterprises need to understand in detail the tariff policies related to this area.

In case you have more detailed advice, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, Vietnam, 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 … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.

Are personal income tax consultancy expenses for foreign employees allowed to be deducted?

Are personal income tax consultancy expenses for foreign employees allowed to be deducted?

Businesses that need to rent factories in Vietnam will be subject to corporate income tax. This is a tax of Vietnam on the income from production and business activities and other income of businesses such as income from the transfer of assets and property rights … To maximize business benefits In fact, businesses need to control accounting costs and appropriate corporate tax costs.

In case you have more detailed advice, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, Vietnam, 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 … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.

Personal Income Tax when selling multi-level goods?

Personal Income Tax when selling multi-level goods?

Multilevel selling is a business activity that uses a network of participants, including many levels and many branches. In particular, participants are entitled to commissions, bonuses and other economic benefits from their business results and those of other people in the network (Clause 1, Article 2 of Decree 40/2018 / ND-CP).

In case you have more detailed advice, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, Vietnam, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys….

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.