In this newsletter, Grant Thornton Vietnam would like to highlight the following updates relating to taxation, labour and customs:
- Amendments on Value Added Tax (“VAT”), Special Consumption Tax (“SCT”) and Law on Tax Administration effective from 1 July 2016
- Ministry of Finance provides guidance on the determination of regular investment before 2014
- Endowment Insurance in Japan
- Personal Income Tax Exemption procedures for foreign experts implementing ODA Projects
- Enterprises to contribute 1% of their salary fund for social insurance contributions of employees to the Insurance fund of occupational accidents and diseases from 1 July 2016
- Law on export and import no. 107/2016/QH13 which comes into force from 1 September 2016
- Import of used machinery and equipment where contracts are signed and shipment is en route before 1 July 2016