On June 18, 2021, the Ministry of Finance issued Circular No. 45/2021/TT-BTC guiding the application of the Advance Pricing Agreement (APA) in tax administration for enterprises with related-party transactions. This Circular takes effect from August 3, 2021 and replaces Circular No. 201/2013/TT-BTC guiding APA application issued previously.
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Some new regulations on preliminary environmental impact assessment
On May 21, 2021, the Government issued Decree 54/2021/ND-CP on preliminary environmental impact assessment to replace Article 12 of Decree 40/2020/ND-CP. This Decree came into force from the date of signing.
Read moreNew regulations in the Draft Decree providing details for some articles of the Law on Environmental Protection
In order to concretize some provisions of the Law on Environmental Protection 2020 (LEP 2020) approved by the National Assembly on November 17, 2020, the Government is drafting a Draft Decree providing details for some articles of this law (Draft Decree). So far, the collection of comments from concerned experts and agencies to complete the contents of these regulations has finished.
Read moreGuidance on tax declaration and payment for individuals having income from digital information content products and services
On June 1, 2021, the Ministry of Finance issued Circular 40/2021/TT-BTC guiding value added tax, personal income tax and tax administration of household businesses and individual businesses (Circular 40). Compared to Circular 92/2015/TT-BTC, Circular 40 has some changes in subject classification, tax calculation methods, determination of relevant organizations’ responsibilities, etc. Especially, Circular 40 has expanded the applicable subjects, typically individuals having income from digital information content products and services.
Read moreSome impacts of Circular No. 03/2021/TT-NHNN on enterprises
On April 02, 2021, the State Bank of Viet Nam issued Circular 03/2021/TT-NHNN on amending and supplementing some articles of Circular No. 01/2020/TT-NHNN providing instructions for credit institutions and branches of foreign banks on debt rescheduling, exemption or reduction of interest and fees, retention of debt category to assist borrowers affected by the Covid-19 pandemic which took effect on May 17, 2021.
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