Depreciation of fixed assets is not a new concept, but the difference in determining the deductible depreciation expenses between tax law and accounting regulations, is a problem that confuses many enterprises. According to accounting regulations, all existing fixed assets of the enterprise related to production and business activities (including acceptance but not used, unused or awaiting liquidation assets) must be depreciated and recorded as expense of the enterprise. According to tax law, not all the depreciation expenses are included in the deductible expenses when determining corporate income tax (CIT).
VIEW DETAILSThe order of payment of liabilities when the enterprise goes bankrupt. “Business and Success” is what everyone wants, but “Business and Loss”is also what often happens. But no one wants to lose and go bankrupt. So when is this supposed to be a business bankruptcy?
VIEW DETAILSExpansion 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?
VIEW DETAILSA basic rule for fighting failure is to find people who have failed, and ask them why they failed. A start-up business in general, and a business startup in particular, must update, and quickly learn the lessons of failure, not repeat the mistakes that they have learned. People who run businesses should consider this as one thing in their management work. Five common causes of business failure, which small and medium-sized business entrepreneurs need to know are:
VIEW DETAILSAccounting vouchers are important documents. Not only for recording work, and providing information for management and administration in enterprises, but also they are must-have requirements of a company to provide for the government. After-tax finalization, the accounting vouchers are still archived. The time for archiving them will depend on each type of voucher, and corresponding to the archival period. There are three types of retention periods: minimum 5 years, minimum 10 years, and perpetual storage.
VIEW DETAILSConditions for receiving unemployment allowance - Unemployment allowance is payment to support employees who leave their jobs while they are unable to find a new job. If we have a new job, we will receive unemployment allowance
VIEW DETAILSIn society, everyone has the need to buy, sell and exchange. Specifically, trading and exchanging between people, people to businesses, and businesses to businesses. When this exchange of purchasing is approved by the parties, it can be said that the contract is established. Therefore, a contract can be understood as an agreement, expressed in many different forms, such as orally, by price announcement, sale condition, and written form.
VIEW DETAILSIt 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.
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