Tax - Accounting
Allowance of life insurance for employees – Deductible expenses when calculating CIT?
Enterprises can buy more types of voluntary insurance for employees and include them in deductible expenses when determining CIT if certain conditions are met. Legal grounds: Circular No. 78/2014/TT-BTC; Circular...
Cost of uniforms – CIT deduction only if…?
Enterprises can buy uniforms for employees and include them in deductible expenses when determining CIT, but within certain limits. Legal grounds: Circular No. 78/2014/TT-BTC; Circular No. 96/2015/TT-BTC. Enterprises have the...
Where salary and bonus are not deductible expenses?
Enterprises may include salaries and bonuses for employees in their operating expenses, but may not be able to deduct CIT in some cases Legal grounds: Circular No. 78/2014/TT-BTC; Circular No....
No PIT payment – No need to file tax return?
Enterprises that pay income to employees and have tax deductions are obliged to declare, deduct and pay PIT periodically together with VAT declarations Legal grounds: Decree No. 126/2020/ND-CP; Decree No....
Not having labor union – Exempt from paying labor union fund?
Labor union funds are used to protect the rights and take care of the lives of employees at the enterprise Legal grounds: Decree No. 191/2013/ND-CP; Decision No. 270/QD-TLD of the...
Interest on late payment – Must invoice and pay VAT?
The enterprise has the right to demand payment of interest on late payment if the obligor fails to pay the goods/services Legal grounds: Circular No. 219/2013/TT-BTC. We get the following...
Dissolution of FDI enterprises – cases of dissolution? tax obligations must be fulfilled?
Dissolution is a procedure for terminating an enterprise. Before dissolution, the enterprise must carry out certain procedures Legal grounds: Enterprise Law 2020; Circular No. 38/2015/TT-BTC; Circular No. 39/2018/TT-BTC. We received...
Payable taxes and fees during business operation
There are taxes and fees that corporate might must pay during business operation, including: Corporate income tax (CIT); Foreign contractor withholding tax (FCT); Value added tax (VAT); Import and export...
