Insight
Regulations on release donated goods without collecting money?
Businesses often carry out promotional activities in the form of giving gifts. However, businesses need to pay attention to documents when doing this. Legal grounds: Decree No....
Gifted goods – Handling input and output VAT
Enterprises are allowed to release goods as gifts to customers without collecting money, and must issue invoices in accordance with the law. Legal grounds: Circular No. 219/2013/TT-BTC;...
Employee bonus payments from the reward fund – Be subject to personal income tax?
Enterprises are obliged to deduct personal income tax before paying taxable income to employees in accordance with the law. Legal grounds: Decree No. 65/2013/ND-CP; Circular No. 111/2013/TT-BTC....
2 cases of internal using of inventory – Need to distinguish clearly
Businesses can use inventory for internal use. However need to pay attention to the purpose of use to comply with regulations. Legal grounds: Decree No. 123/2020/ND-CP; Circular...
Incorrectly declaring the value of purchased goods and services on the VAT declaration – How is the penalty?
Enterprises are obliged to declare VAT fully and on time, and are responsible for the declared data. Legal grounds: Law on Tax Administration 2019; Decree No. 126/2020/ND-CP;...
The company gives gifts to employees – When must PIT be deducted?
Benefits of a salary nature that businesses pay to employees are determined as income subject to personal income tax. Legal grounds: Circular No. 111/2013/TT-BTC; Official Dispatch No....
Mid-Autumn Festival and Tet gifts for employees – Maximum value?
Enterprises can give Mid-Autumn Festival and Tet gifts to employees, however, it is necessary to note the value of the gifts to be included in reasonable deductible expenses when determining...
Employee benefits – How much is limited?
Businesses can spend benefits to take care of their employees as well as retain workers, but they cannot spend more than the prescribed amount. Legal grounds: Circular...
Expenses for meals and reception – Note when receiving invoices to the company
Invoices and documents of expenses for meals and reception of guests need to be properly noted in order to be included in deductible expenses when determining corporate income tax liability....
Seller issues invoice at the wrong time – Buyer is excluded from deductible expense?
Sellers issue invoices at the wrong time will be subject to administrative penalties. So is it acceptable for a buyer to receive an invoice at the wrong time? [insert page='insert-contact-en'...
