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Tax Alert 2016/Issue 5

On 26 May 2016, the Government passed Resolution 41/NQ-CP providing measures on tax incentives to develop the information technology industry of Vietnam. By Resolution 41, companies with income derived from projects related to the IT industry shall be entitled to the tax incentive measures as follows:

 

  • Corporate Income Tax incentives
  • Personal Income Tax incentives

    Technical Update 2016/Issue 3

    According to official letter No. 5181/BTC-TCT dated 15 April 2016 of the Ministry of Finance, the policy on CIT incentives for income from processing of agricultural and fishery produce will be implemented.

    Consumer Markets

    KPMG's Consumer Markets practice is a network of experienced professionals based in member firms around the world. The practice encompasses food, drink, consumer durables and fast moving consumer goods (FMCG), as well as luxury goods. Our aim is to help our firms' clients make the most of the challenges and opportunities presented by a constantly changing business environment. Read more.

    MOU Signing Ceremony between KPMG Vietnam and IPC Danang

    MOU Signing Ceremony between KPMG Vietnam and IPC Danang

    In Da Nang City, on 21 April 2016, KPMG Vietnam and Danang Investment Promotion Center entered into a MEMORANDUM OF UNDERSTANDING (“MOU”) on promoting investment in Danang City, Vietnam. This MOU will facilitate the mutual sharing of best practices, expertise and knowledge of both parties in providing supports and services to investors as well as promoting investment in Danang City.

     

    Click here for more information about such significant ceremony.


     

    Launch of KPMG NEXT Programme for Vietnamese Entrepreneurs

    Launch of KPMG NEXT Programme for Vietnamese Entrepreneurs
    Today, KPMG in Vietnam - one of the leading “Big 4” professional services firms – and Center for Support & Development of Vietnam Young Entrepreneurs announced the launch of KPMG NEXT, a unique program designed to fast track Vietnamese private businesses and entrepreneurs.
     
    Click here to find more information about KPMG NEXT.


     

    Feature image

    KPMG in Vietnam currently employs close to 1,000 professionals and operates four offices across the country.

     

     Location of KPMG in Vietnam

    Tax Alert

    New measures on tax incentives for the information technology industry

    Vietnam State Budget and Tax action in 2016

    Technical Update

    The policy on CIT incentives for income from processing of agricultural and fishery produce will be implemented.

    The new guidance provides provisions concerning: CIT, VAT, and PIT.