Personal Income Tax finalization for tax residents in 2016

According to provisions of Law on Personal Income Tax, individuals who are identified as tax residents in Vietnam in 2016 and deriving employment income are required to file PIT finalization return and pay the tax liabilities by the deadline of 31 March 2017.

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Vietnam Business Forum- Strengthening the Private Sector

Overall this was a productive meeting with the Government responding to and acknowledging many of the issues raised by the Private Sector

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Circular No. 133/2016/TT-BTC - The Guidelines of Vietnamese Accounting Systems for Small and Medium-Sized Enterprises

The Ministry of Finance issued Circular No.133/2016/TT-BTC (“Circular 133”) which provides guidance on Vietnamese Accounting Systems for Small and Medium-sized Enterprises (“SMEs”)

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Is reality dawning and are we about to enter the second phase of Doi Moi?

After the advent of Doi Moi, in 1986, and in the years from 1990 to 2010 Vietnam achieved an average GDP growth of over 7% per annum. In the period 2011-2015 GDP growth averaged only 5.9% due to slow moving structural reforms and global uncertainty.

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Vietnam Summit

The new growth model will have many elements including quality and competitiveness. Technology will be a key as labour intensive industry is not a way forward for the future. Trade is still the key to Vietnam’s future however as we all know global growth is slowing and this is having an impact on Vietnam’s economy.

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