Lưu trữ Law Documents - Page 5 of 20 - 「DDC] Outsourcing Vietnamese Accounting Services・ Tax Consulting・ Legal Consulting For FDis・Setting up FDIs in Vietnam・ Auditing・ Human Resources・ Market/Goods Investigation

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?

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.

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

Hot News [Support policies for enterprises within the fiscal year 2020]

• Government support policy for social insurance, etc.
(Decision Document 860 / BHXH-BT No.)

The following companies are eligible for support policy. Passenger transport, tourism, accommodation, restaurants, and other specialty industries are facing difficulties (more than 50% loss of total assets) due to the epidemic, resulting in the unemployment of workers (more than 50% of labor staff). Here, support policies such as suspension of retirement fund entry and suspension of corporate research are applied.

• Government support policies for extending tax payments
(Government Decree No. 41/2020 / ND-CP, Article 4, Paragraph 2)

During the past fiscal year, companies with various conditions such as sales limit less than VND 50 billion, less than 100 workers and capital limit less than VND 20 billion will be eligible for extended tax payment. During fiscal 2020, VAT, corporate tax, and land rent payment will be extended for 5 months.

• 10% discount on retail electricity prices in the manufacturing and business sectors
(Official letter 2698 / BCT-DTĐL issued on April 16, 2020)

Specifically, retail electricity prices in the manufacturing and business sectors are discounted by 10% of the price paid during peak hour, usual time off-peak hour.

• Capital and credit support policies
(Directive 11 / CT-TTG issued on March 4, 2020)

The Government instructed the State Bank of Vietnam to instruct financial institutions to balance production and business capital needs, respond appropriately and promptly, accelerate administrative procedure reform, and reduce time. For clients facing difficulties due to the effects of the Covid-19 epidemic, The government will approve loan documents, improve access to clients’ loans, reschedule, pay interest rate waivers, maintain debt groups, and increase fees. Apply support measures such as reductions promptly.

• Countermeasures to support union fee extension
(Official letter 245 / TLĐ dated March 18, 2020)

Covid-19 epidemic-affected producers and companies will be postponed until the first six months of 2020 until June 30, 2020, to pay union fees.

• Interest and fee exemptions and reductions due to internal regulations of credit institutions
(Notification 01/2020 / TT-NHNN)

Bankings make interest and fee exemptions and reductions following their internal rules for accrued debt from credit extension activities.

• Enterprises can borrow money and pay employees to stop working.
(Decision Document 42 / NQ-CP No.)

Employers with financial difficulties who pay at least 50% of the employee’s retirement salary under Article 98 (3) of the Labor Code 2012 between April 2020 and June 2020, should be given priority. It is possible to borrow a loan system (real unsecured loan, 0% interest rate, 12-month loan period) to pay the remaining salary within the enterprises.

Therefore, if you have any consultation regarding accounting, tax, audit, legal consulting, human resources consulting, market research, etc., please contact our group as follows.
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Dong Du International Consulting Group HCMC, Southeast Asia Business Consulting Network currently provides accounting services, tax advice, legal advice, business training, human resources consulting, product and market research for domestic and foreign investors operating in Vietnam.
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Dong Du International Consulting Group HCMC Vietnam「DDC」
Website of Consulting: www.japanvietnam.com.vn.
Website of Business School: https://ddbis.edu.vn. 　
Business License Name: Dong Du Investment & Consulting Co.,Ltd
MAIL :tonitran1975@yahoo.co.jp
Tel : 090 925 7602 ＴｏｎｉＴｒａｎ　CPA/CPTA/MBA/LAWYER English
Email: Valentin@japanvietnam.com.vn Valentin Orfeuvre (Mr.) English & French
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Asking about conditions for resolving disputes by arbitration in Vietnam?

Different from court proceedings prescribed in the Civil Procedure Code applicable to resolving all cases in the civil field in general, the arbitration procedure applies to disputes in single commercial activities. More simply, the parties can take initiative in the time and place of dispute settlement to help speed up the time of dispute resolution. The arbitration procedure does not go through many levels of trial like in the court, so limiting time and money for businesses.

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.

When selling a company in Vietnam, how to use the correct VAT rate?

Many people believe that any business can buy and sell. However, according to current law, only a private company can sell the whole enterprise. For a joint stock company, the main form of purchase and sale to gain control of an enterprise shall be the mode of share transfer. As for the sale and purchase of limited liability companies, the transfer of capital contribution is made in the company.

Today, the need to buy and sell businesses is increasing. This represents a dynamic economy, but businesses need to be very careful in this and necessarily discuss with lawyers who have extensive experience in legal consultancy for businesses.
In case you have detailed advices more, please contact us at support.client01@japanvietnam.com.vn.

Dong Du International Consulting Group HCMC, 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.

HOT NEWS [TAX PAYMENT & LAND RENTAL EXTENSION] DECREE No. 41/2020 / ND-CP

The Government of Vietnam has issued many policies, especially tax solutions, to support businesses to overcome difficulties caused by COVID-19 epidemic. Among them, Decree 41/2020 / ND-CP was issued to stipulate the extension of the deadline for payment of value added tax, corporate income tax, personal income tax and land rent.

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

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