On 5 February 2016, the Ministry of Finance issued Circular No. 21/2016/TT-BTC (“Circular 21”) providing detailed guidance on VAT declaration and CIT incentives for organizations and individuals having income from supporting industry as stipulated under Decree No. 111/2015/ND-CP dated 3 November 2015. Circular 21 will be effective from 1 April 2016. Accordingly, Deloitte would like to summarize some notable points of Circular 21 in the attached Alert for your information.
Please click Deloitte Vietnam – Tax alert – Guidance on VAT and CIT for supporting industry – April 2016 – EN for more information.
OTHER NEWS ON THE AUSCHAM WEBSITE
In the toolbar of this website, click on “NEWS” for the drop down menu which includes: