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Are you looking to understand electronic invoicing compliance in Vietnam? This guide will help you grasp the key compliance requirements, from registration to invoice formatting, digital signatures, and reporting obligations, ensuring you stay compliant with the latest regulations. Overview of Electronic Invoicing Compliance in Vietnam Since July 2022, electronic invoicing has become a mandatory practice…
Transfer pricing refers to the pricing of transactions between related companies. It is crucial for compliance with tax regulations. This guide will help you understand the essentials of transfer pricing in Vietnam, covering rules, methods, documentation, and audit readiness. What Is Transfer Pricing? The landscape of transfer pricing in Vietnam has become increasingly challenging for…
Vietnam is transitioning from Vietnamese Accounting Standards (VAS) to International Financial Reporting Standards (IFRS), a major shift affecting how businesses report financial information, particularly in the context of IFRS and VAS in Vietnam. This article will help you understand the key differences between VAS and IFRS and prepare for the upcoming changes. Discover more Accounting…
Navigating bookkeeping and accounting in Vietnam requires understanding local regulations and standards. This guide covers crucial aspects like Vietnamese Accounting Standards (VAS), essential compliance documents, and the upcoming transition to IFRS. You will also learn about managing travel expenses, the dual-record system for foreign companies, and audit requirements. Check out InCorp Bookkeeping Services with InCorp…
Vietnam’s Special Consumption Tax (SCT) is imposed on luxury and non-essential goods to both regulate consumption and boost state revenue. Products like tobacco, alcohol, automobiles, and certain services fall under its scope, with tax rates varying widely based on the item’s impact on health and society. This article breaks down SCT’s key features, including how…
Vietnam is quickly establishing itself as a standout economy in Southeast Asia, thanks to its young workforce and strong inflow of foreign investment. With the pace of change accelerating, businesses are feeling the pressure to sharpen their recruitment strategies and adapt to an increasingly competitive market. Vietnam’s economy is gaining momentum, powered by a young,…
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