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TAX ALERT
Written by: KPMG
Written on: Monday, 20 February 2012
Updates on Corporate Income Tax ("CIT") and Value Added Tax ("VAT") Regulations for Banking and Financial Services Sector.
On 27 December 2011, the Minstry of Finance issued Decree 121/2011/ND-CP ("Decree 121") and Decree 122/2011/ND-CP ("Decree 122") providing number of amendments and supplements to the prevailing Decree No.123/2008/ND-CP and Decree 124/2008/ND-CP on VAT and CIT, respectively. Both Decree 121 and Decree 122 shall take effect from 1 March 2012. For more information, please click here .
