Global

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  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 12/20/2012

Vietnam - Common year-end corporate income tax issues 

December 20:  In 2012, the Vietnamese tax authorities issued a series of corporate income tax regulations that affect corporations’ tax filing and financial statements.

Corporations must file their 2012 corporate income tax finalisation return within 90 days following the fiscal year-end, or 31 March 2013.


KPMG in Vietnam has prepared a list of common year-end corporate income tax finalisation issues, such as:


  • Potential corporate income tax risk and exposure that may negatively affect a taxpayer’s corporate income tax position
  • Understatement of the corporate income tax liability
  • Under-declaration and payment of corporate income tax
  • Incorrect corporate income tax liability
  • Over-declaration and payment of the enterprises' corporate income tax liability

Read a December 2012 report [PDF 424 KB] prepared by the KPMG member firm in Vietnam: Be Prepared - 2012 Year-End Corporate Income Tax Return




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1801 K Street NW
Washington, DC 20006.

 

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