Taxation Talk

A place to share my knowledge and experience in taxation and legal fields to help non-experts have a better understanding on such complicated topics

Tax Deferral Policy due to Covid outbreak

In response to negative impact of Covid pandemic, the Government in South East Asia countries has released many tax relief measures to support business operators since last year . Of which, tax deferral policy is prompt method to facilitate the pressure on Cash Flow management for enterprises or business household.  Have your firm fully been aware of such policy and actively take advantage of this opportunity? Please kindly highlight that the enterprise might be required to submit request form to the local tax authority by specific due date to be granted such deferral. Fail in doing this, the tax deferral couldn't been applied. 

Therefore, why don't have a look at the summary table regarding How Vietnam and its neighbors- Thailand & Malaysia support business operator to deal with Covid through Tax Deferral Policy

How to prepare for changes in taxation in Vietnam

During recent years, Vietnam Government has released many changes and new regulations in taxation field. A principal question that many of us including tax experts as well as the Company's Management Team always put into the table for deep discussion is "How to prepare for the changes in taxation in Vietnam?". As a Tax Senior Manager with over 10 working years experience in this field, I'd like to share my expertise knowledge to tax community and anyone who is interested in this topic. I have an idea to start a series of sharing here through one brief slide for each topic. My aim is to transfer complex taxation language into the simplest one as possible so that even non-taxation expert can get the idea/ message. In addition, I will focus on the areas that Tax Manager can add value to the Company by analyzing tax opportunity as well as risk exposure and advise remedial action accordingly.

In this first sharing - I summarize some key changes that could have significant effect to many companies in Vietnam. Hope it will be helpful. If you have any comment or concern, please feel free to let me know. I'm happy to discuss further with you as sharing is learning and gaining.

Tax Payable Dashboard in Power BI

Recently Power BI for Data Visualization has become a powerful tool to support for Decision Making Process. Many Dashboard templates for Finance, Accounting could be found in the internet, but I've not seen many useful ones for Taxation yet. Thus, I create one template for my own use and my CFO highly appreciate it. I'd like to share it with you so that you have some ideas. Of course the data in this Dashboard is surely not the real one of my firm, I amended data for sample purpose. Should you have any other idea or comment, please advise me so that I can improve my Dashboard better.