Grant Thornton Vietnam - Tax Update July 2010
Further Guidance on CIT Finalization
In this newsletter, Grant Thornton summarizes selected tax rulings that may be of interest to investors in Vietnam.
Further guidance on CIT finalization OL 7250/BTC-TCT 7 June 2010
On the 7th of June 2010, the Ministry of Finance issued official letter No. 7250 to clarify key issues regarding CIT filings in 2009.
Foreign exchange gains/losses
Foreign exchange gains related directly to main business activities are required to be recorded as such income. This implies that such foreign exchange gains are also entitled to the same CIT incentives applicable to the respective business activity.
Main operating income and other income
Other losses can be used to offset against profits from the main operating activities.
For more information click here.
Further Guidance on CIT Finalization
In this newsletter, Grant Thornton summarizes selected tax rulings that may be of interest to investors in Vietnam.
Further guidance on CIT finalization OL 7250/BTC-TCT 7 June 2010
On the 7th of June 2010, the Ministry of Finance issued official letter No. 7250 to clarify key issues regarding CIT filings in 2009.
Foreign exchange gains/losses
Foreign exchange gains related directly to main business activities are required to be recorded as such income. This implies that such foreign exchange gains are also entitled to the same CIT incentives applicable to the respective business activity.
Main operating income and other income
Other losses can be used to offset against profits from the main operating activities.
For more information click here.
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