“In this Issue
Law No.71/2014/QH13 (Law No.71) amending a number of tax laws
As our update in the November Tax Alert, most of the proposals by the Government on Corporate Income Tax (CIT), Value Added Tax (VAT) have been approved. In addition, this tax Law introduces some new rules on Personal Income tax (PIT) and tax administration.
Draft Decree guiding the implementation of the Law No. 71 amending a number of tax laws
The draft Decree details the new tax regulations introduced in the Law No.71 by amending and supplementing a number of articles of the relevant tax Decrees. In addition, the Decree also provides some favorable treatments on tax incentives of investment activities prior to 2015…..”