In this newsletter, Grant Thornton Vietnam would like to update the latest regulations and important tax policies as follows:

  1. Decree No. 157/2018/ND-CP on new regional minimum wages
  2. Circular No. 17/2018/TT-BLDTBXH stipulating the enterprises’ self-inspection of its compliance with the labor regulations
  3. From 01 December 2018, compulsory Social Insurance (“SI”) applies to foreigners
  4. Phone number registration is required for online information verification of the social insurance contribution process
  5. Is it mandatory for new business established after 01 November 2018 to use electronic invoices?
  6. VAT refund following the operation of the investment project
  7. Decrement adjustment to VAT payable will not be entitled to re-calculation of late payment interest
  8. Amended Investment Registration Certificate must be obtained to be qualified for tax exemption applied to investment expansion
  9. Income received as a result of agreement signed with Google, Facebook is subject to Foreign Contractor Tax (“FCT”)
  10. Capitalization of loan interest expenses when purchasing machinery and equipment

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