Finance - Banking - Stock

According to the provisions of Clause 4, Article 5 of Circular No. 219/2013/TT-BTC dated December 31, 2013, of the Ministry of Finance guiding the implementation of the Law on Value Added Tax (VAT) and Decree No. 209/2013/ND-CP dated December 18, 2013, of the Government stipulating: In cases where an…

In accordance with Clause 2, Article 14 of Circular No. 105/2020/TT-BTC dated December 3, 2020, of the Ministry of Finance guiding tax registration, "Dependent units of enterprises, before submitting documents to terminate their activities at the business registration authority, must submit documents…

On April 3, 2024, the General Department of Taxation issued Official Dispatch No. 1368/TCT-DNNCN (“Official Dispatch 1368”) on taxable revenue from Individuals leasing out their property. According to regulations, individuals leasing out their property will be subject to value-added tax at a tax rate…

1. Regarding the Costs of Purchasing Alcoholic Beverages in Catering Services According to the guidance in Official Letter No. 331/CTCMA-TTHT ("Official Letter 331") dated February 1, 2024, issued by the Ca Mau Provincial Tax Department, the costs of catering services (including alcoholic beverages…

In order to create consistency in determining value-added tax (“VAT”) revenue of enterprises conducting international travel activities, on March 5, 2024, the General Department of Taxation issued Official Letter No. 801/TCT-CS (“Official Letter 801”) in response to Tourism and Transportation Marketing…

According to Circular 20/2023/TT-NHNN dated December 29, 2023, of the State Bank of Vietnam ("Circular 20"), it regulates the list of areas within the management scope of the State Bank of Vietnam and the waiting period during which individuals with positions and authorities are not allowed to establish…

On December 29, 2023, the State Bank of Vietnam issued Circular 22/2023/TT-NHNN ("Circular 22") amending and supplementing several articles of Circular 41/2016/TT-NHNN ("Circular 41") dated December 30, 2016, of the State Bank of Vietnam regulating capital adequacy ratios for banks and foreign bank…

In response to the economic difficulties, the National Assembly has decided to continue the value-added tax (VAT) reduction policy that has been in effect since 2022. Specifically, on November 29, 2023, the National Assembly issued Resolution No. 110/2023/QH15, which includes a content to reduce the…

On November 29, 2023, the National Assembly passed Resolution No. 107/2023/QH15 (“Resolution 107”) on the application of additional corporate income tax (“CIT”) according to the Regulation on preventing basic erosion. Global Anti Base Erosion (hereinafter referred to as “Global Minimum Tax Regulations")…

In order to promote the trend of cashless payments in Vietnam and enhance security to prevent fraudulent activities, scams, and minimize risks in online transactions, on December 18, 2023, the State Bank of Vietnam issued Decision No. 2345/QD-NHNN to replace Decision 630/QD-NHNN dated March 31, 2017…

Law on credit institutions requires non-bank credit organizations to establish an internal control system appropriate to their operations. Previously, the State Bank of Vietnam issued Circular 44/2011/TT-NHNN dated December 29, 2011, regulating the internal control system and internal audit applicable…

Over the past period, state agencies, ministries, boards, and sectors have proactively and actively implemented the government's directives and management regarding strengthening access to credit, promoting effective and sustainable development in the corporate bond market (CBM) and real estate sector…

On November 29, 2023, the General Department of Taxation issued Official Letter No. 5329/TCT-DNNCN ("Official Letter 5329"), guiding tax declaration for leasing real estate by business households. According to Article 5 of Decree No. 02/2022/NĐ-CP detailing the implementation of the Real Estate Business…

According to the provisions in Article 2 of Decision No. 37/2020/QD-TTg on the establishment, organization, and operation of the Vietnam Stock Exchange, HOSE is tasked with organizing, operating, and managing the stock trading market, while HNX is responsible for organizing, operating, and managing…

On October 31, 2023, the Governor of the State Bank of Vietnam issued Circular No. 13/2023/TT-NHNN amending and supplementing certain provisions of Circulars regulating the issuance of licenses, organization, operations, and documentation, procedures, and approval processes for certain changes of commercial…