October 2021 | KPMG in Vietnam
On 29 September 2021, the Ministry of Finance has issued Circular 80/2021/TT-BTC (“Circular 80”) detailing the implementation of the Tax Administration Law No. 38/2019/QH14 dated 13 June 2019 and Decree 126/2020/ND-CP dated 19 November 2020. Apart from the guidance on general tax administration, the Circular has a separate chapter which sets out important guidelines on tax administration for overseas suppliers who do not have a permanent establishment in Vietnam but conducting e-commerce and/or digital based businesses and having income arising in Vietnam (hereinafter referred to as “Overseas Suppliers”). This Circular will come into effect from 1 January 2022.
Explore further to learn more about how KPMG can help:
— IFRS Conversion Services and Workshops (Link)
— 2021 Tax Audit Support Program (Vietnamese)
— 2021 Year-end Corporate Income Tax Compliance (5 Languages)
— VAT Refund Support (5 Languages)
— Tax incentive for Supporting industries (5 Languages)
— International Tax Advisory (English)
— Transfer Pricing in Vietnam (English)
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