Recently, Ministry of Finance has officially released Circular 130/2016/TT-BTC dated 12 Aug 2016, which provides guidance on Decree No. 100/2016/NĐ-CP dated July 1, 2016 of the Government providing detailed guidance on the Law amending and supplementing some articles of the Law on Value Added Tax, Law on Excise Tax and Law on Tax Administration. Generally, Circular No. 130/2016/TT-BTC (“Circular 130”) supplements the changes in Decree No. 100/2016/ND-CP (“Decree 100”) and the prevailing circulars guiding the Law on Value Added Tax (“VAT”), Excise Tax, and Tax Administration. The Circular takes effect from the effective date of Law 106/2016/QH13, which is 01 July 2016.
Accordingly, Deloitte would like to summarize some notable points of the new Circular in the attached Alert for your information.
For more information, click Deloitte Vietnam_Tax Alert_ Circular 130_2016_TT-BTC – EN.
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