Simplify 27 administrative procedures under the management of the State Bank of Vietnam.

Deputy Prime Minister Le Minh Khái has just signed Decision No. 1844/QD-TTg approving the plan to reduce and simplify regulations related to business activities under the management functions of the State Bank of Vietnam.

Circular No: 14/2021/TT-BCT

On October 29, 2021, the Ministry of Industry and Trade issued Circular No. 14/2021/TT-BCT guiding the implementation of the Free Trade Agreement between the Socialist Republic of Vietnam and the United Kingdom of Great Britain and Northern Ireland. -len on trade defense.

International Code of Professional Ethics Handbook for Professional Accountants – Version 2021.

The International Ethical Standards Committee for Accountants (IESBA) has released the 2021 Edition of the International Code of Professional Ethics Handbook for Professional Accountants (including international standards of independence). The new 2021 version includes recently approved revisions to the Code such as:

Guidance on vat billing is tax reduction under Decree 92/2021.

On October 29, 2021, the General Department of Taxation issued Official Letter 4153/TCT-CS on the implementation of Resolution 406/NQ-UBTVQH15.

Decree No. 92/2021/ND-CP.

On October 27, 2021, the Government issued Decree No. 92/2021/ND-CP detailing the implementation of Resolution No. 406/NQ-UBTVQH15 of the National Assembly Standing Committee promulgating a number of solutions to support Supporting businesses and people affected by the Covid-19 epidemic.

Refund of overpaid tax if the business no longer owes tax.

In case the enterprise makes an additional declaration (due to incorrect declaration of taxable value) leading to the paid tax amount larger than the payable tax amount, the overpaid tax amount will be refunded if the taxpayer no longer owes tax or money, late payment, fines.