- Some regulations on declaration and payment of corporate income tax by Vietnamese enterprises which make investments in foreign countries are amended and supplemented.
- Regulations on loss carryforward between taxed incomes are more specific.
- Regulations on time for determining turnover in order to calculate of taxable income from service provision are amended.
- New regulations on deductible expenses and non-deductible expenses when determining taxable incomes are added.
- Many regulations on other incomes are annulled. More instructions on other incomes are also provided.
- Instructions on carrying loss forward upon full and partial division of enterprises are added.
- New regulations on determining the purchase price of transferred stake.
- Conditions for application of corporate income tax incentives, concessional rates, duration of tax exemption and reduction are amended and supplemented.
Circular No.
96/2015/TT-BTC comes into force from August 06, 2015 and applies to the tax period of 2015 onwards.
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