Is it possible to leave the country if you owe taxes - Being restricted from leaving the country due to tax debt is common practice in all countries worldwide. However, each country has different detailed regulations. The rules for temporary exit suspension due to tax debts in Vietnam are as follows:

Income Tax on Capital Transfer || AS Audit - One of the many taxes that is often overlooked, and only discovered during tax audits, leading to tax arrears and penalties

Currently, all 63 provinces and cities have applied new e-invoices according to Decree 123 in 2020 and Circular 78 in 2021. In the process of applying, it will be difficult to avoid errors in making and using e-invoices, let's take a deep digging together with AS Audit about how to handle faulty e-invoices in each specific case. Normally, there will be 04 cases of errors and how to handle each case is as follows: Case 1: The seller discovers that the e-invoice has been issued with the tax authority's code, written incorrectly, and has not been sent to the customer. Process of handling: · Step 1: Notify the wrong e-invoice to the Tax authority using form No. 04/SS-HDDT, then the tax authority will cancel the invoice that has been issued with the code on the system.

Expansion project is subject to investment incentives, among these incentives, corporate income tax incentives are an issue to note. Companies that are investing or have invested or are preparing to invest, are always interested and wondering whether they are eligible for tax incentives or not?

It is familiar to talk about value-added tax, corporate income tax, or personal income tax, but it is strange to talk about foreign contractor tax. Therefore, we would like to choose the topic of what is foreign contractor tax to share with you. Foreign contractor tax can be known as a tax which is collected from foreign organizations and individuals that do not register their business in Vietnam but have benefits within the territory of Vietnam, benefit from: land, sea, airspace, underground, and cyberspace in the territory of Vietnam.

We already shared you the information of foreign contractor tax such as the concept, the tax payer, the exemption from foreign contractor tax, the identification of foreign contractor tax when arising foreign elements. A kind reminder, foreign contractor tax roughly is a tax collected from foreign organizations and individuals that do not register their business in Vietnam, but have benefits in land, sea, airspace, underground, cyberspace in the territory of Vietnam.

Foreign Contractor Tax is no longer new tax, but enterprises concurrently are always confused or cannot acknowledge whether they have incurred foreign contractor tax. We would like to share 2 topics for your reference: What is foreign contractor tax, and how to calculate foreign contractor tax?

If I think about the word "tax", I will immediately think of the amount to be paid. However, the value-added tax has a tax rate of zero percent (0%) applied to exported goods and services. So, what does zero rate (0%) for VAT mean? Firstly, ceding the right to tax value added to the place of final consumption. This is consistent with the nature and international practice of value added tax. Secondly, to encourage exports and create conditions for domestic enterprises to compete on price with other countries. Thirdly, enterprises trading in goods and services subject to zero rate (0%) may deduct or refund input value-added tax. This is the content increasing internal financial resources for domestic companies.

It is common for us to only think about the amount of taxes that must be paid, and it is likely that few people pay attention to the deadline for filing these taxes, leading to delayed filings and subsequent administrative penalties