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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Unilaterally terminate labor contracts with indefinite terms

Unilaterally terminate labor contracts with indefinite terms

In the context of global difficulties before the raging of the Covid-19 pandemic, the Vietnamese business community also suffered extremely negative and heavy impacts. In order to support enterprises to overcome difficulties in production and business, many policies and solutions have been promulgated or submitted to the competent authorities for approval. Here, businesses should cut labor costs in the short term or not? Is this legislation legally affected?

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 116/2020 / QH14: Reduce 30% of payable CIT in 2020

Resolution 116/2020 / QH14: Reduce 30% of payable CIT in 2020

In the context of global difficulties before the raging of the Covid-19 pandemic, the Vietnamese business community also suffered extremely negative and heavy impacts. In order to support enterprises to overcome difficulties in production and business, many policies and solutions have been promulgated or submitted to the competent authorities for approval.In particular, before the rapid changes from the Industrial Revolution 4.0, if businesses do not adapt quickly and take advantage of modern technology platforms to innovate and optimize production, they will face with the risk of falling behind and hardly surviving.

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.

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

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.

The National Assembly agreed to reduce 30% of corporate income tax by 2020

The National Assembly agreed to reduce 30% of corporate income tax by 2020

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.

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