NEWSLETTER APRIL 2021
Corporate Income Tax (“CIT”) Entertainment expenses without sufficient evidence documents are non-deductible when calculating CIT and are deemed income when calculating personal income tax (PIT) On 6 April 2021, Hai Duong Tax Office issued Official Letter No. 2138/CTHHU-TTHT regarding entertainment expenses as follows: Entertainment expenses are not salaries or salary-in-kinds, thus in case an employee is given a fixed payment by the Company to pay entertainment expenses that are without invoices and evidence documents, the expenses shall not be deductible when calculating CIT. In case the employee who receives the fixed payment cannot prove that he/she uses the payment to...