Resolution 406: New government policies about Corporate Income Tax in Vietnam
Recently Vietnam’s National Assembly approved a resolution which introduces certain tax policies to support corporate & individual taxpayers impacted by COVID-19.
Business Process Outsourcing
Digitalising Vietnam through E-invoices: Your Guideline
E-invoicing unquestionably plays an essential role in digitalising business operations in Vietnam. The use of e-invoice is very common all over the world and in an effort to attract more foreign investments, Vietnam has also adopted the system. Read More About Cekindo’s E-invoicing Services The government in Vietnam has issued Circular 68 to give guidance … Continued
Business Consultant: An Important Investment for Successful Market Entry in Vietnam
It is certain that there will come a point when many foreign entrepreneurs in Vietnam wonder if they should hire a business consultant due to the daunting rules and regulations and new business environment that take away their precious time and energy. Many businesses in Vietnam these days have hired business consultants to develop the … Continued
How to Avoid Penalties for Violations in Tax and Invoicing in Vietnam
Decree 125/2020/ND-CP dated 19/10/2020 is a relatively newly issued Vietnam Tax Law, which has been effective since December 5, 2020. The new law states several penalties and the resulting fines for the violation of certain tax and invoice regulations. Find Out How Cekindo can Help with Corporate Tax & Compliance Outsourcing Services Thus, ensuring tax … Continued
All You Need to Know About Compliance with Financial Statements in Vietnam
Vietnam provides a conducive environment for international investors for doing business. However, the government requires all businesses to comply with financial requirements, including reports, and stay updated on any changes in the law, which do happen more than you might expect. A financial statement is the most crucial component of a financial report, and it … Continued
Your Guide to Tax Compliance Deadlines in Vietnam for 2020
Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. … Continued
How to Successfully Onboard New Employees in Vietnam
Recruitment is closely related to successful employee onboarding in Vietnam. In this article you can learn how to successfully onboard new hires.
How Do You Calculate Your Foreign Contractor Tax in Vietnam?
Foreign contractor tax (FCT) is a specific kind of tax in Vietnam. The tax applies to foreign contractors, entities or individuals, who perform business activities and receive income in Vietnam. FCT is not a separate tax but it combines corporate income tax (CIT) or personal income tax (PIT) and value added tax (VAT) for the … Continued
Americans Living in Vietnam: Your Simple Tax Guide
If you are a U.S. citizen or a U.S. permanent resident, under the taxation law of the United States, it is compulsory for you to file your tax returns in the United States every year, even if you have been residing and paying taxes in Vietnam. In this case, you will have to be extra … Continued
2020 Tax Guide for Businesses and Individuals in Vietnam
Regardless of where you live and work, you must file for taxes everywhere in the world including Vietnam. Vietnam is a very popular destination for expatriates from all over the world with diverse nationalities. As such, most foreigners in Vietnam are obliged to pay taxes as well. Find out how Cekindo’s Corporate Tax & Compliance … Continued
5 Common Agreements that Every Business in Vietnam must Know
There is an uncountable number of transactions and business activities in business, and many of them are different. When doing business in Vietnam, agreements or contracts are important to make sure that your rights are safeguarded for these transactions or activities. Read About Cekindo’s Business Process Outsourcing in Vietnam An agreement, or a contract, is … Continued
How to Register Foreign Loans in Vietnam
Along with the upswing of Vietnam’s economy, when doing business in Vietnam, businesses have higher demand of capital in order to grow and expand. As foreign investors do not meet the requirements of most domestic capital, they require foreign loan for that matter. On September 15, 2014, the State Bank of Vietnam (SBV) issued Circular … Continued