NEWSLETTER JULY 2021
Tax Administration Identification of related parties On 20 July 2021, the General Department of Taxation issued Official Letter No. 2687/TCT-TTKT on verifying related parties. Details are as follows: In case an enterprise borrows loans that account for at least 25% of its owner’s equity and more than 50% of its total medium and long-term loan balance, the enterprise shall be subject to Decree No. 20/2017/ND-CP and Decree No. 132/2020/ND-CP. Late submission of tax returns due to social distancing On 29 July 2021, the Tax Department of Hanoi City issued Official Letter No. 29592/CTHN-KK on submission of tax returns during...