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.|