Author Archives: nguyenbinh

UHY – Taxflash issue no. 05/2023

On May 2, 2023, the Government issued Resolution 67/NQ-CP on the proposal to the National Assembly for a resolution regarding VAT reduction under shortened and simplified order and procedures for approval in its May 2023 session....

UHY – Taxflash No 01/2023

This taxflash updates following contents Corporate income tax, VAT and Invoices.......

Decree no. 92/2021/NĐ-CP on solutions to support businesses and people affected by Covid-19

On 27 October 2021, the Government issued Decree No. 92/2021/ND-CP (“Decree 92/2021”) detailing the implementation of Resolution No. 406/NQ-UBTVQH15 dated 19 October 2021 regarding 4 groups of tax exemption and reduction solutions to support businesses and people to overcome difficulties caused by the COVID-19 pandemic. ...

Resolution No.406/NQ-UBTVQH15 on Tax exemption & Reduction for citizens and enterprises affected by Covid-19

On 19 October 2021, the Standing Committee of the National Assembly issued Resolution No.406/NQ-UBTVQH15 (“Resolution No.406”) regarding the solutions including tax exemption & reduction to support enterprises and citizens affected by the Covid-19 pandemic....

Policies to support employers & employees in difficulty due to Covid-19 pandemic

On 24 September 2021, the Government issued Resolution No. 116/NQ-CP on policies to support employees and employers ffected by the Covid-19 pandemic from the Unemployment Insurance Fund....

Germany powers ahead in electric car sales growth

Germany has seen the world’s fastest growth in electric car sales of all major economies * during the pandemic, with sales more than trebling to 194,000 cars in 2020, up from just 63,000 in 2019, shows a study of electric car sales worldwide by UHY,...

Roadmap for application of International Financial Reporting Standards (IFRS) in Vietnam

Along with the current economic globalization, the preparation and presentation of financial statements in accordance with generally accepted international standards such as International Financial Reporting Standards (IFRS) have become essential and in fact an indispensable trend for enterprises. ...

Circular 40/2021/TT-BTC on taxation of business households and individuals

“Household business” refers to a business or manufacturing facility established by an individual or members of a household who take responsibility with all of their property for its business operations as prescribed in Article 79 of the Government’s Decree No. 01/2021/ND-CP dated 04/01/2021 on enterprise...

Circular guiding the application of advance pricing agreements in tax administration

On 18 June 2021, the Ministry of Finance issued Circular No. 45/2021/TT-BTC (“Circular 45/2021”) guiding the application of advance pricing agreements (“APA”) in tax administration for enterprises with related party transactions....

Audit & assurance services

We have adopted a risk based approach to audit & assurance to ensure the maintenance of high professional standards required of auditors and to provide a way of adapting audit procedures in line with specific needs of each engagement. Our highly experienced and qualified audit...