The Government has issued Decree No. 146/2017/ND-CP (“Decree 146”) amending and supplementing the current value added tax (“VAT”) and corporate income tax (“CIT”) decrees

Jan 10, 2018

Decree 146 provides guidance on VAT applicable to exported natural resources, VAT refund in relation to export activities and CIT deduction for contribution to voluntary pension funds and life insurance for employees.

Latest Tax NewsBriefs

Customs Update: Stricter checks on application of special preferential import tariffs

Recently during some post-clearance audits, there have been a number of cases of Customs rejecting submitted Certificates of Origin (“C/O”) claiming special preferential import tariffs in accordance with Free Trade Agreements between Vietnam and other countries. Customs seem to be more stringent on the verification of the validity of the C/O before such C/O is accepted to allow the importers to apply the rates committed in the FTAs.

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Richard J. Irwin
Chairman/Partner, Tax Services, PwC Vietnam
Tel: +84 28 3823 0796
Email

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