News
Roadmap to apply the Vietnamese Financial Reporting Standards (VFRS) in alignment with IFRS

 

31/7/2020

On 16 March 2020, the Ministry of Finance issued Decision No. 345/QĐ-BTC approving a scheme to apply financial reporting standards in Vietnam. For detailed objectives and roadmaps, please click here.

 

 
Revision to threshold on deductible interest expense

13/07/2020

On 24 June 2020, the Government had issued Decree 68/2020/NĐ-CP (“Decree 68”) revising, amending Clause 3, Article 8 of Decree 20/2017/NĐ-CP (“Decree 20”) on tax administration applicable for enterprise having related party transactions. Decree 68 is effective from the signing date and applied from the tax year 2019. Below is a summary of the significant changes compared with Decree 20:

 
Increase tax reduction threshold to VND 11 million

In accordance with Resolution No. 954/2020/UBTVQH14 dated 2 June 2020, individual taxpayer shall be enjoyed a reduction from her monthly taxable income:

 
«StartPrev123NextEnd»

Page 1 of 3