On July 29, 2022, the Government issued Decree No. 49/2022/ND-CP (“Decree 49”) amending and supplementing a number of articles of Decree No. 209/2013/ND-CP guiding on the implementation of the Law on Value Added Tax (“VAT”). Accordingly, Decree 49 expands the scope of investment projects eligible for…
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mo.03GUIDELINES ON TAX REFUND FOR BUSINESS ESTABLISHMENTS HAVING THEIR VALUE-ADDED TAX OF INVESTMENT PROJECTS REVOKED
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mo.02WHETHER EVN AUTOMATICALLY ALLOWED TO INCREASE THE AVARAGE ELECTRICITY RETAIL PRICE BASED ON THE NEW AVARAGE PRICE FRAMEWORK?
17-02-2023 845 0On February 3, 2023, the Prime Minister issued Decision No. 02/2023/QD-TTg ("Decision 02") stipulating the framework for average electricity retail price applicable to organizations and individuals participating in electricity activities and electricity usage. Decision 02 replaces Decision No. 34/2017/QD-TTg…
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mo.02THE NON-DIVIDED INCOME FOR INVESTMENT OF MEDICAL EXAMINATION AND TREATMENT ESTABLISHMENTS IS SUBJECT TO CORPORATE INCOME TAX WAIVER
10-02-2023 1101 0On January 9, 2023, the National Assembly promulgated the Law on Medical Examination and Treatment No. 15/2023/QH15 ("Law on Medical Examination and Treatment 2023") replacing the Law on Medical Examination and Treatment No. 40/2009/QH12, amending and supplementing a number of articles under Law 21/2017/QH14…
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mo.02On February 1, 2023, the Government issued Decree No. 02/2023/ND-CP detailing the implementation of a number of articles of the Law on Water Resources (“Decree 02”), replacing Decree No. 201/2013/ND-CP ("Decree 201") from March 20, 2023. Decree 02 introduces numerous new points on cases of exploitation…
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mo.02ENTERPRISES CAN ONLY TRANSFER MONEY ABROAD FOR THE PURPOSE OF CULTURAL, EDUCATIONAL AND HEALTHCARE FUNDING WITH A MAXIMUM AMOUNT OF 50.000 USD/TIME
03-02-2023 1005 0On December 30, 2022, the State Bank of Vietnam issued Circular No. 20/2022/TT-NHNN on guidelines for one-way money transfer from vietnam to abroad and payment, money transfer for other current transactions of residents being organizations and individuals ("Circular 20"). Circular 20 clarifies regulations…
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mo.02On 31 January 2022, the Ministry of Information and Communications issued Circular No. 25/2022/TT-BTTTT ("Circular 25") stipulating the identification of imported raw materials, supplies, and components subject to exemption of import tax, directly serving the production of information technology products,…
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mo.02Reducing land and water rent is a financial support applied by the Government in 2022 to assist organizations, agencies, businesses, households and individuals affected by the Covid-19 epidemic. The upcoming year 2023 is still expected to be a tough period due to aftershocks from the Covid-19 pandemic,…
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mo.01On December 22, 2022, the Ministry of Finance issued Circular No. 74/ 2022/TT-BTC stipulating forms and duration for collection, payment and declaration of charges and fees governed by the Ministry of Finance (“Circular 74”). The provisions on charges and fees of Circular 74 do not significantly changes…
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mo.12THE ANTI-MONEY LAUNDERING LAW STIPULATES INFORMATION ABOUT CUSTOMER IDENTITY THAT MUST BE COLLECTED
23-12-2022 459 0The Law on Anti-Money Laundering No. 14/2022/QH15 was approved by the National Assembly on November 15, 2022 (the “Law 2022”), replacing the Law on Anti-Money Laundering No. 07/2012/QH13 (the “Law 2012”). The Law 2022 has supplemented classification provisions for individual customers and regulations…
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mo.12On June 16, 2022, the National Assembly adopted the Law on Insurance Business No. 08/2022/QH15, replacing the Law in 2010, amended and supplemented in 2019. The 2022 Law on Insurance Business introduced several new contents, in which, it requires some subjects to have corresponding certificates when…
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mo.12SUPPLEMENTATION OF A REPORTING SUBJECT AS FINANCIAL INSTITUTIONS LICENSED TO ACT AS A PAYMENT INTERMEDIARY
16-12-2022 683 0The Law on Prevention of Money Laundering No. 14/2022/QH15 has been adopted by the National Assembly since November 15th, 2022 (the “Law 2022”), replacing the Law on Prevention of Money Laundering No. 07/2012/QH13 (the “Law 2012”). The Law 2022 has multiple important amendments and supplementations,…
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mo.12On November 30, 2022, the Government issued Decree No. 99/2022/ND-CP on registration of security interests (“Decree 99”), replacing Decree No. 102/2017/ND-CP (“Decree 102”) dated September 1, 2017. Decree 99 has some notable amendments and supplementations as follows: Supplement subjects of security…
-400x300.png "SUPPLEMENTATION OF TYPES OF VALUABLE PAPER TO BE DEPOSITED AT THE STATE BANK, INCLUDING CORPORATE BONDS")
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mo.12SUPPLEMENTATION OF TYPES OF VALUABLE PAPER TO BE DEPOSITED AT THE STATE BANK, INCLUDING CORPORATE BONDS
09-12-2022 602 0On November 30, 2022, the State Bank of Vietnam issued Circular No. 16/2022/TT-NHNN (“Circular 16”), replacing Circular No. 04/2016/TT-NHNN (“Circular 04”) ) dated April 15, 2016 on custody and use of valuable papers at the State Bank of Vietnam (the “SBV”). Custody of valuable papers at the SBV is…
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mo.12Given the discovery and penalization of a series of violations in the issuance of corporate bond, investor’s confidence in bonds has been seriously reduced. Currently, the issuance of new bonds is almost paralyzed and investors holding other bonds not subject to sanctions also extremely concern about…
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mo.12In order to support managers, teachers and employees of private preschools and primary schools facing difficulties due to the Covid-19 pandemic, the Government has issued Resolution No. 103/NQ-CP ("Resolution 103") indicating the subjects and levels of financial support for each subject. The details…