The Ministry of Finance (“MoF”) and the General Department of Taxation (“GDT”) have recently issued a number of tax policies and guidelines. Via this tax alert, Grant Thornton Vietnam would like to update some notable issues, including:
- Personal Income Tax (“PIT”) policy under the Double Tax Agreement (“DTA”) between Vietnam and Korea;
- Application of DTAs between Vietnam and other countries/territories for on-spot export-import activities; and
- Official Letter No. 2785/TCT-CS dated 23 July 2014 introducing new contents of Circular No. 78/2014/TT-BTC regarding Corporate Income Tax (“CIT”), which took effect from 2 August 2014 and is applicable to CIT periods from 2014 onwards.
Official Letter (“OL”) No. 2178/TCTHTQT dated 11 June 2014 issued by the GDT regarding PIT policy under the DTA between Vietnam and Korea.