Essential Know-How for Complying with Vietnam Accounting Standards
Reading Time: 6 minutesWherever you have your business incorporated, you must follow all the rules and legislation involved as it applies to taxation and accounting.
All international and local businesses in Vietnam must legally adhere to the Vietnamese Accounting Standards (VAS) in documenting fiscal transactions.
The Ministry of Finance developed the Vietnamese Accounting Standards and provides financial statement preparation, reporting, and bookkeeping guidelines. These guidelines are also industry-specific, with unique regulations for asset management, securities, and insurance businesses.
By 2025, International Financial Reporting Standards (IFRS) will replace Vietnamese Accounting Standards applied for large enterprises activities in Vietnam.
Staying Compliant: Unravel the Revised Personal Income Tax in Vietnam for 2024
Reading Time: 8 minutesWe are at the forefront of regulatory updates as we embark on an insightful journey into the revised landscape of personal income tax in Vietnam for the year 2024. In this article, we will unravel what the changes bring, providing you with a comprehensive understanding of the adjustments and ensuring you stay not only informed but also compliant in this evolving fiscal environment. Here, we will look into the details to navigate the nuances of the updated personal income tax in Vietnam and its revised framework.