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New Circular ’Revised deductible expenses’ Decree 12/2015/ND-CP, Circular 78/2014/TT-BTC

Global Tax Update:August 2015/Vietnam

Following Decree No. 12/2015/ND-CP dated 12 February 2015 from the Government, detailing the implementation of the Amendment and Supplement Law on tax laws and decrees; on June 22, 2015, the Ministry of Finance issued Circular No. 96/2015/TT-BTC (“Circular 96”) providing guidance on Corporate Income Tax regulations per Decree No. 12/2015/ND-CP dated 12 February 2015 from the Government, and amending and supplementing a number of regulations from Circular No. 78/2014/TT-BTC. (Global Tax Update: August 2015/Vietnam)

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The amendments and supplements from the Circular tend to lean forwards the streamlining of administrative procedures, and supporting enterprises and tax payers. A number of notable changes from Circular 96. are as follows:

(1) Assessable Income
(2) Deductible Expenses
(3) CIT Incentives
(4) Other Contents 

 

>> Click for Japanese [新Circular「損金算入項目の改訂等」Decree 12/2015/ND-CP、Circular 78/2014/TT-BTC関連]

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