Category: ATS Publications

REDUCE VAT RATE TO 8% FROM FEBRUARY 01

On January 28, 2022, the Government issues Decree No. 15/2022/ND-CP on tax exemption and reduction policy under the National Assembly’s Resolution No. 43/2022/QH15 on fiscal and monetary policies supporting socio-economic recovery and development programs. Accordingly, business establishments that calculate value-added tax according to the value-added tax credit method may apply the value-added tax (VAT) rate […]

PREFERENTIAL CORPORATE INCOME TAX RATES TO BE APPLICABLE TO SPECIAL INVESTMENT PROJECTS

On October 6, 2021, the Prime Minister issues the Decision No. 29/2021/QD-TTg regarding preferential treatment for special investment. In particular, the 7% preferential rate lasting for 33 years will be applied to income generated from investment projects falling into one of the following cases: 1, Investment projects for institution of innovation centers and research and […]

NEW CONDITION ON ENSURING ‘NATIONAL DEFENCE AND SECURITY’

Reflecting on the recent concerns with foreign investment projects in the border and coastal areas of Vietnam and their impact on the national defence and security, the Amended LOI introduces two additional conditions for foreign investment. Accordingly, foreign investment by way of M&A activities or incorporation of certain greenfield projects must (i) not harm the […]