It is a list of non-deductible items in Vietnam.
In Vietnam, as in other countries, the basic idea of the tax system remains the same.
On the other hand, there are some items that are unique to Vietnam, so be careful.
In the case of transactions that are not in the case, it is recommended to consult with an expert in advance if the handling is complicated and the transaction content is complicated.
List of non-deductible items in Vietnam
|General expenses||Transactions over 20 million VNDteeth,VAT invoice and bank transferIs necessary
If not met, it will not be accepted
|Depreciation of fixed assets||Not for business use
(Not for manufacturing purposes, not for goods transactions / service provision purposes)
|Depreciation of fixed assets||Insufficient proof, voucher, etc. of owned assets|
|Depreciation of fixed assets||Assets that are not properly recorded in the books|
|Depreciation of fixed assets||9 seats or less, And the transaction price isOver 1.6 billion VND
((Excludes business purposes such as passenger transportation, exhibitions, travel and hotels)
|Depreciation of fixed assets||Exceeding the legal useful life set by the Ministry of Finance|
|Wages (salaries / bonuses)||Not actually paid by the deadline for filing annual tax returns|
|Wages (salaries / bonuses)||Employment contract, collective agreement, Etc. are not proved|
|Wages (salaries / bonuses)||Fictitious employee without actual situation|
|Wages (salaries / bonuses)||Salaries of founding members and directors who are not directly involved in the business|
|Wages (salaries / bonuses)||Contribution to pension fund and life insurance (part over 3 million VND / person / January)|
|travel expenses||Advance payment of 20 million VND or more to employeesIf you want to
The following must be met.
・rules in the companyIt is clearly stated that it is possible to make a replacement.
・Business trip regulationsIs maintained
|Retirement allowance / retirement benefit reserve||Payment of severance pay exceeding the upper limit stipulated in the Labor Law|
|Interest expense||With interest borrowed from non-financial institutions or economic agents,
Interest rate set by the Central Bank of Vietnam on the date of borrowing1.5 timesThe part that exceeds
|Interest expense||Interest expense borrowed for the minimum capital required by law|
|Interest expense||Interest expense for which contributions to the planned investment amount have not been realized|
|Interest expense||In one accounting period30% of EBITDA (operating profit + interest cost + depreciation cost)The part that exceeds|
|Taxes and public dues||Fines and late interest
(Violation of administrative rules such as traffic law, business registration rules, accounting statistics rules, etc.)
|Capital transactions||Expenses directly related to capital transactions such as dividends and acquisition of treasury stock|
|Donation||Education funds, medical funds, disasters, poverty funds do not have proper certificates|
|Foreign exchange gains / losses||Unrealized foreign exchange loss on foreign currency deposits and accounts receivable balance|
|Welfare expense||Cash payment for uniformsIf you do5 million VND / person / yearThe part that exceeds|
|Provision of product guarantee reserve||For tax purposes, the debt is not fixed and is not deductible.|
|Entertainment expenses||Golf play fee for others, annual membership fee|
Please be sure to consult the accounting office for details.
AACS Accounting Office provides useful information about Vietnam's taxes. AACS Accounting OfficeThere are 8 bases all over Vietnam, and we cooperate with the tax authorities in each region to support smooth accounting audits and tax affairs.To do.