New for tax policy from the beginning of 2015

On 12.02.2015, the Government issued Decree No. 12/2015 / ND-CP guiding the Law on amending and supplementing some articles of the Law on tax and amending and supplementing some articles of the Decree tax. In it, notably some new regulations on corporate income tax. Like this:
 
Decree provides more detail on the taxable income arising in Vietnam of foreign enterprises. Accordingly, the entire income received from Vietnam derived from the provision of services, supply and distribution of goods, loans, royalties to organizations or individuals in Vietnam for the organization, foreign individuals doing business in Vietnam or from transfer of capital and investment projects, capital contribution right, the right to participate in investment projects, exploration rights, mining, and processing mineral resources in Vietnam , regardless of the place of business, are taxable income in Vietnam of foreign enterprises.

Income of judicial office during the pilot implementation in accordance with the law are added to the list of tax-exempt income.

Enterprises with investment projects enjoy preferential enterprise income tax as prescribed by law corporate income tax at the time of licensing or investment certificate under the provisions of law on investment. Where income tax laws have changed now that the enterprise meets the conditions for tax incentives under the provisions of the new law are amended and supplemented, the enterprise is the right choice of tax incentives and about time tax exemption or reduction under the provisions of the law at the time of investment or licensed under the provisions of the new law are amended and supplemented for the remaining time since the tax law now edit and amendments have come into effect.

In addition, the Decree also modify and supplement some provisions of the Law on personal income tax, value added tax, resources tax and the Tax Administration Law.

Decree No. 12/2015 / ND-CP have effect from the date of 01.01.2015 - the Law amending and supplementing some articles of the Law on taxes in 2014 have come into effect.

(General Division Document of Law)