Expenses electricity, water – not deducted when determining CIT in Vietnam if…?
Electricity and water are services that most businesses have to use during their business, but if there are not enough ...
Tag: Tax
Late submitting of tax returns in Vietnam – How is the administrative penalty?
Enterprises are obliged to declare and pay taxes by themselves according to the provisions of Vietnam law. In case of ...
Renting personal property – Documents required to calculate deductible expenses?
Enterprises can rent assets of individuals to use for production and business activities and should note that there are sufficient ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
