Finance - Banking - Stock

On June 28, 2024, the Governor of the State Bank of Vietnam issued Circular 12/2024/TT-NHNN ("Circular 12") amending Circular 39/2016/TT-NHNN on lending activities of credit institutions and foreign bank branches to customers. Some important amendments and supplements of Circular 12/2024/TT-NHNN are…

After two years of maintaining the minimum wage as prescribed in Decree 38/2022/ND-CP ("Decree 38"), on June 30, 2024, the Government officially issued Decree 74/2024/ND-CP ("Decree 74") replacing Decree 38 on the monthly minimum wage and hourly minimum wage applicable to employees working under labor…

To continue to maintain the State's support to help businesses and individuals overcome the difficult period after Covid-19, on June 28, 2024, the Minister of Finance issued Circular 43/2024/TT-BTC regulating the collection of several fees and charges to continue to remove difficulties and support production…

On June 27, 2024, the Government issued the first decree to guide the implementation of the Land Law 2024, Decree 71/2024/ND-CP on land prices ("Decree 71"). Prior to the promulgation of Decree 71, the Government issued Decree 12/2024/ND-CP ("Decree 12") with regulations on land prices that are compatible…

In light of economic difficulties, the National Assembly passed Resolution 142/2024/QH15 to extend the application of the 8% VAT rate, which means a 2% reduction, from July 1, 2024, to the end of 2024 (“Resolution 142”). Consequently, on June 30, 2024, the Government issued Decree 72/2024/ND-CP detailing…

On June 17, 2024, the Government issued Decree No. 64/2024/ND-CP ("Decree 64") extending the deadlines for the payment of value-added tax, corporate income tax, personal income tax, and land rent for the year 2024. ATA would like to update some important contents regarding the tax payment extension:…

On June 17, 2024, the Government issued Decree No. 65/2024/NĐ-CP ("Decree 65") providing for the extension of the payment deadline for special consumption tax ("SCT") liabilities arising from the tax periods of May, June, July, August, and September 2024 for domestically manufactured/assembled automobiles.…

On June 9, 2024, the Government issued Resolution 84/NQ-CP on the Project to develop a Law amending and supplementing a number of articles of Land Law No. 31/2024/QH15, Housing Law No. 27/ 2023/QH15, Law on Real Estate Business No. 29/2023/QH15, Law on Credit Institutions No. 32/2024/QH15. Accordingly,…

On May 17, 2024, the Tax Department of Quang Nam province issued Official Dispatch No. 4224/CTQNA-TTH guiding the handling of personal income tax (PIT) issues of employees with multiple incomes of 2,000,000 VND/time. or more at many income-paying organizations. Accordingly, the organization paying temporary…

On May 31, 2024, the Hanoi City Tax Department issued Official Letter No. 32968/CTHN-TTHT to guide the Project Management Board of the Nuclear Science and Technology Research Center on the declaration and payment of contractor tax for foreign contractors and subcontractors with income arising in Vietnam…

On May 16, 2024, the State Bank of Vietnam has just issued Circular No. 03/2024/TT-NHNN (“Circular 03”) amending and supplementing a number of Articles of Circulars related to selling and handling bad debts of asset management companies of Vietnamese credit institutions. Circular 03 provides some notable…

On May 15, 2024, the Government issued Decree No. 52/2024/ND-CP regulating non-cash payments (“Decree 52”), replacing Decree No. 101/2012/ND-CP (has been revised and supplemented). Decree 52 has the following notable amendments and additions: 1. Supplementing the legal framework on digital currency…

Although both involve the transfer of capital in businesses, there is a certain distinction in determining the personal income tax (PIT) of individuals transferring shares in joint-stock companies and individuals transferring capital contributions in limited liability companies (including single-member…