SERVICE
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TAX DECLARATION SERVICES
Tax is a compulsory contribution to state revenue, as well as a tool for economy management. Before paying tax, enterprises have their duties to report and declare tax. Tax report and declaration help tax agencies establish grounds for tax assessment, tax exemption and reduction cases. Some taxes and tax reporting terms are regulated in Circular No. 156/2013/TT-BTC issued by the Ministry of Finance on November 6, 2013, Decree No. 83/2013/NĐ-CP issued by the Government on July 22, 2013. Popular tax duties are VAT, enterprise income tax, personal income tax and license tax. However, depends on enterprise’s features and transactions incurred during the operation of enterprises, there might be other tax duties. Kim Húc collects some regulations on tax report and ... -
SOCIAL INSURANCE SERVICES IN VIETNAM
The law on Social insurance issued by the National Assembly on November 20, 2014, take effects on January 1, 2016. Social insurance for employees are concerns of employers, especially, enterprises. Performing this obligation legally is not only enterprises’ duties but also protecting employees’ rights. To help enterprises have a general view of social insurance, Viet An Law Firm collects some main regulations as follow: According to clause 2 Article 3 of the Law on Social insurance 2014, employees and employers must participate in compulsory social insurance. Detailed entities are regulated in Article 2: Employees: - Vietnamese citizens: + People working under indefinite term labor contracts, definite term labor contracts, seasonal labor contracts or contracts for certain jobs with a term ... -
TAX SERVICES FOR FOREIGN REPRESENTATIVE OFFICES IN VIETNAM
According to Clause 2 Article 16 of the Law on Commerce 2005, foreign traders have rights to establish representative offices in Vietnam. However, foreign representative offices in Vietnam only can conduct some commercial promotion activities but not profitable activities as prescribed in the law. Therefore, a foreign representative office in Vietnam has fewer tax duties than an enterprise. According to Clause 3 Article 17 of the Law on Commerce 2005, foreign representative offices have rights to recruit Vietnamese or foreign employees to work there. Due to that, personal income tax is the only tax duty of a foreign representative office. To determine the payable tax, foreign representative offices have to do the tax audit. Tax audit is the process of ... -
VISA FOR FOREIGNERS IN VIETNAM
From January 1st 2015, the Law on Entry, Exit, Transit and Residence of foreigners in Vietnam took effects, providing new regulations on issuance of visa for each group of foreigners in Vietnam. The above law regulate the new visa symbol system and duration of each type. Visa symbols include: NG1: Issued to members of delegations invited by the General Secretary of the Communist Party of Vietnam, the President of Vietnam, the President of the National Assembly, the Prime Minister. NG2: Issued to members of delegations invited by standing members of the Secretariat of the Communist Party of Vietnam, the Vice President of Vietnam, the Vice President of the National Assembly, the Deputy Prime Minister, the President of the Fatherland Front of ... -
ESTABLISH REPRESENTATIVE OFFICE IN VIETNAM
From August 20, 2016, Circular No. 11/2016/TT-BCT, providing guidelines for Decree No. 07/2016/NĐ-CP (providing detailed regulations on establishment of representative offices of foreign traders in Vietnam), has become effective. There are many new regulations which regulate the dossier, procedures and operation of representative offices of foreign enterprises in Vietnam. Conditions of establishment of representative offices of foreign traders in Vietnam: A foreign traders shall be granted the Establishment of Representative Office License when the following conditions are satisfied: The foreign enterprise was established and registered under the law of the foreign country which is a member of any international agreement to which Vietnam is a member too or under the local law of the foreign country; The foreign enterprise has ... -
ESTABLISH FOREIGN BRANCH IN VIETNAM
On January 25, 2016, the Government enacted Decree No. 07/2016/NĐ-CP (providing detailed regulations on establishment of representative offices or branches of foreign traders in Vietnam under the Law on Commerce). The Decree No. 07/2016/NĐ-CP replaced the Decree No. 72/2006/NĐ-CP which was enacted on July 25, 2006. The Decree No. 07/2016/NĐ-CP become effective from March 10, 2016. To be granted the Establishment of Branch License, a foreign trader must satisfy the following conditions: The foreign trader was established or registered under the law of country or territory which is a member of any international agreement to which Vietnam is also a member or is recognized by the aforesaid country or territory; The foreign trader has been operated at least 05 years ...
