Newsletter Vietnam - August 2016

Tax Update

Stopping the input VAT refund: only apply to VAT amount arising from 01 Jul 2016 and fines for late tax payment
Investment projects in the industrial zone is not qualify for import tax incentives before 01 September 2016
Making payment by a form of telegraphic transfer (T/T), the discount is not deducted for tax purpose
The Contractors must report to the Customs the quantity of import goods to construction for the Export Processing Enterprises (EPEs)

Business Update

The Business Support Program until 2020 of the Ministry of Information and Communications
Guiding the compilation of bidding dossiers as designing, providing goods and construction (EPC)

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