The Law on Severance tax 2009 of Vietnam was promulgated on November 25, 2009 and officially effective from July 01, 2010, of which one of the fundamental contents is the regulation on cases of severance tax exemption and reduction.
On November 25, 2009, the National Assembly of Vietnam approved the Law on Severance tax 2009, which provides for severance tax-liable objects, severance tax payers, severance tax bases, and severance tax declaration, payment, exemption and reduction.
Recently, the Ministry of Finance of Vietnam issued Circular No. 152/2015/TT-BTC providing guidelines on severance tax. According to this Circular, cases of severance tax exemption include:
On October 02, 2015, the Ministry of Finance of Vietnam issued Circular No. 152/2015/TT-BTC providing guidelines on severance tax. According to this Circular, cases of reduction of severance tax include:
This is a notable content specified in Circular No. 152/2015/TT-BTC providing guidance on severance tax that was issued on October 02, 2015 by the Ministry of Finance of Vietnam.
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