Tax Newsletter 2022

Stay up-to-date with the latest tax notices and legal environment to know the latest changes to tax laws and laws related to your business!


MONTH 06-2022

From July 01, 07, all outstanding invoices (not yet converted to e-invoices) have expired

From July 01, 7, all invoices (such as invoices; stamps, tickets, cards; air freight receipts; international freight receipts; printed documents) , issued, used and managed as invoices, including delivery notes cum internal transportation, delivery notes sent for sale by agents; ...) in stock, announced for release, purchased from tax authorities in accordance with regulations in Decree No. 2022/51/ND-CP, Decree No. 2010/04/ND-CP (including electronic invoices under Circular No. 2014/32/TT-BTC) and guiding documents will expire. use value.
Organizations and businesses are required to use e-invoices according to the provisions of Decree 123/2020/ND-CP and Circular No. 78/2021/TT-BTC.

MONTH 05-2022

Extension of deadlines for payment of VAT, CIT, PIT and land rent in 2022

Recently, the Government has issued Decree No. 34/2022/ND-CP extending the deadline for payment of value added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and money. land lease in 2022. Accordingly, the Decree takes effect from May 28.5.2022, 31.12.2022 to the end of December XNUMX, XNUMX.
See details in the article…

MONTH 04-2022

From April 21, activate e-invoices nationwide

The General Department of Taxation has set a target to achieve at least 50% by May 10, 5, 2022% by May 31, 5, and by the end of June 2022, 90, 30% of enterprises and organizations must be completed. economic, individual - business households switch to using electronic invoices.

MONTH 03-2022

Guidance on compliance with the inspection of foreign investment activities in Vietnam

Circular 02/2022/TT-BKHDT dated February 12, 02, effective from April 22, 01 guiding the supervision and evaluation of investment for foreign investment activities in Vietnam. Whereby:

Foreign-invested economic organizations and foreign-invested projects operating in the Vietnamese territory shall be subject to investment supervision and assessment regarding issues such as: Progress of charter capital contribution ; Project deployment progress; The performance of financial obligations; The implementation of legal provisions on labor, foreign exchange management, environment, land, construction, fire prevention and fighting and other specialized legal regulations; Borrowing and repaying loans…

See details in the article

MONTH 02-2022

Reducing VAT from 10% to 8% in 2022 (From February 01 – Detailed application instructions)

2% reduction of value added tax rate in 2022, applicable to groups of goods and services currently subject to the value-added tax rate of 10% (remaining 8%), except for some of the following groups of goods and services: telecommunications, information technology, financial activities, banking, securities, insurance, real estate trading, metals, prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum , chemical products, goods and services subject to excise tax.
Look up the list of goods and services that cannot be reduced and instructions on how to write a VAT reduction invoice, please see the detailed article content.

MONTH 01-2022

Resolution 11/NQ-CP on tax payment extension 2022

Extension of deadlines for payment of corporate income tax, personal income tax, value-added tax, excise tax and land rent in 2022 according to Resolution 11/NQ-CP dated January 30, 01 on Socio-economic recovery and development program and implementation of Resolution 2022/43/QH2022 on fiscal and monetary policies to support the Program issued by the Government.
Specific application: Wait for instructions.

Circular 88/2021/TT-BTC on accounting regime for business households and individuals

1. Subjects of compulsory application: are business households and individuals that pay tax according to the method of declaration according to the provisions of tax law.
2. Organization of accounting work: Business households and individuals subject to compulsory application must organize accounting work according to the provisions of this Circular.

Decree 102/2021/ND-CP on penalties for administrative violations in the fields of taxation, invoices, accounting and auditing

Increase the statute of limitations for sanctioning administrative violations on invoices from 1 year to 2 years
Decree 102/2021 amending and supplementing a number of articles of Decree No. 125/2020/ND-CP dated October 19, 10 of the Government providing for penalties for administrative violations on taxes and invoices, according to which, Point a, Clause 2020, Article 1 is amended as follows: “a) The statute of limitations for sanctioning administrative violations on invoices is 8 years.”

Foreign workers pay social insurance from January 01, 01

From January 01, 01, foreigners will have to participate in social insurance and health insurance regimes according to Decree 2022/143/ND-CP, Law on Health Insurance Amendment 2018 and Decision 2014/QD-BHXH according to regulations. Specific rates are as follows:

Enterprises pay: 20.5%, foreign workers pay: 9.5%

Circular 100/2021/TT-BTC amending Circular 40/2021/TT-BTC on tax for business households and individuals

Amended from January 01, 01: Individuals with less than 2022 million VND/year in rental income are not required to pay tax.
Accordingly, Circular 100/2021/TT-BTC amends the tax calculation method for individuals leasing properties at point c, clause 1, Article 9 of Circular 40/2021/TT-BTC as follows:

– Individuals who only have property leasing activities and the rental period is not for a whole year, if they generate rental revenue of 100 million VND/year or less, they are not required to pay VAT and PIT.

– In case the lessee pays rent in advance for many years, the revenue level to determine whether an individual must pay tax or not pay tax is the one-time payment amortized according to the calendar year.

Currently, Circular 40/2021/TT-BTC stipulates that individuals who lease property without generating revenue for full 12 months in a calendar year (including cases with many lease contracts) shall:

The level of turnover of 100 million VND/year or less to identify individuals who lease properties is not required to pay VAT and PIT is the taxable revenue of a calendar year (12 months).

Do you need support?

We hope that you will find the EXPERTIS Tax Update useful and we welcome the opportunity to further discuss the issues presented and their impact on your business.