Guidance issued by Vietnam’s Ministry of Finance implements various corporate income tax, VAT, and tax administrative provisions provided by a decree issued in early October 2014.
Circular 151/2014/TT-BTC (10 October 2014) addresses, among other items:
| • | Rules for deducting staff welfare expenses |
| • | Tax incentives for investment projects and for purchases of machinery and equipment |
| • | Rules for VAT for goods and services paid purchased with installment payments |
| • | Audits of tax finalization returns. |
