Vietnam's personal income tax (PIT) is a crucial source of revenue for the government. It is a tax on the income earned by individuals and is applicable to both locals and foreigners. PIT is levied based on the concept of worldwide income taxation, which means...
Introduction Vietnam, with its captivating landscapes, rich culture, and vibrant cities, has become an attractive destination for travelers, expatriates, and entrepreneurs alike. While many visitors arrive with proper documentation and adhere to immigration regulations, some individuals choose to overstay their visas or work without the necessary...
Introduction Tax fraud is a serious offense that can have severe consequences for businesses, especially Small and Medium-sized Enterprises (SMEs). In Vietnam, where SMEs play a significant role in driving economic growth, understanding the risks and implications of tax fraud is crucial. This article sheds light...
Introduction In Vietnam, like in most countries, accurate and transparent financial reporting is of paramount importance for businesses and organizations. The Vietnamese Accounting Standards (VAS) play a crucial role in establishing a standardized framework for accounting practices. One of the key aspects of VAS is the...
Introduction Trade unions play a crucial role in safeguarding workers' rights and promoting fair labor practices across the globe. In Vietnam, trade unions have a long history of advocating for workers' welfare and protecting their interests in the face of rapid economic development and globalization. This...
Introduction In the dynamic and evolving landscape of business operations, companies must adopt comprehensive internal staff policies to maintain a harmonious and productive work environment. In Vietnam, a country with a growing economy and a burgeoning labor market, adhering to these policies is not only a...
Introduction In the dynamic landscape of the global economy, sound financial management is crucial for the success and sustainability of businesses. To achieve this, governments often impose specific regulations and laws to ensure transparency, accountability, and the efficient management of financial resources. Vietnam, as a growing...
Introduction Financial regulations are a cornerstone of any stable and thriving economy, safeguarding the interests of investors, consumers, and the overall financial system. In Vietnam, these regulations play a vital role in shaping the country's financial landscape. Under the legal framework, financial regulations are not only...
Introduction In Vietnam, salary scales play a crucial role in the employment landscape, serving as a structured framework for determining fair and equitable compensation for employees. These scales are not just a common practice but are also mandatory under Vietnamese labor laws. Understanding the significance and...
Ho Chi Minh City, July 2023 Attention: To who it may concern (herein referred to as “Client”) [*] This recommendation applies to any domestic or foreign organizations or individuals that are involved in processing personal data in Vietnam (e.g., employees, customers, suppliers, users, or other individuals), even...