Tax - Accounting
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'...
Acceptance and handover of the project first – Issue an invoice later?
Issuing invoices is directly related to the tax obligations of the business. Therefore, businesses have the obligation to issue invoices and record revenue in accordance with regulations. ...
Buying materials and machinery before establishing a business – How to handle documents?
If the business has not been established but the founders have signed a contract to procure machinery and materials for production, how should documents be handled? Legal...
Office rent paid before establishing a business – Deductible from corporate income tax?
The cost of renting a company headquarters and business location is a significant expense for some businesses. However, businesses need to pay attention to the documents to Deduct from CIT....
Expenses arising before establishing a company – Conditions for calculating deductible expenses?
In case the company founders spent money on purchasing goods and services before establishing the business, can they be deducted when determining corporate income tax? Legal grounds:...
Expenses arising before establishing a company – VAT deductible?
Are expenses made by capital contributors/founding shareholders before establishing the enterprise for business purposes tax deductible? Legal grounds: Circular No. 219/2013/TT-BTC. Before establishing a business in Vietnam,...
