On April 23, 2023, the State Bank of Vietnam issued Circular No. 02/2023/TT-NHNN (“Circular 02”) stipulating that credit institutions, foreign bank branches (“Circular 02”) ) are now allowed to restructure the repayment terms to support organizations and individuals (“Clients”) struggling with production…
28
mo.04ENTERPRISES IN DIFFICULTY SHALL BE SUBJECT TO REPAYMENT TERM EXTENSION OF UP TO 12 MONTHS
28-04-2023 1323 0
21
mo.04Extension of time limit for payment in the fiscal year for 04 types of taxes, financial obligations include: (i) value-added tax; (ii) corporate income tax; (iii) personal income tax; and (iv) land rent (hereinafter referred to as "Tax") is one of the solutions to minimize difficulties and support businesses…
14
mo.04Implement the Government's Resolution 33/NQ-CP dated March 11, 2023 on a number of solutions to dismantle and promote the development of the real estate market, including the content that the Government assigned the State Bank to preside over the implementation of a credit program of VND 120,000 billion…
07
mo.04CONTINUOUSLY REDUCING LOAN INTEREST RATE, REDISCOUNT RATE AND DEPOSIT INTEREST RATE
07-04-2023 1166 0On March 31, 2023, the State Bank of Vietnam issued three decisions related to interest rate management, including Decision 574/QD-NHNN ("Decision 574"), Decision 575/QD-NHNN ("Decision 575"), Decision 576/QD-NHNN ("Decision 576"), replacing Decision 313/QD-NHNN ("Decision 313"), Decision 314/QD-NHNN…
31
mo.03According to the Decree 125/2020/ND-CP on 19 November 2020, the violation of the deadline for submission of the dossier for tax declaration may be liable to a fine of up to VND 25,000,000. Therefore, it is crucial to understand and implement the relevant regulations. For income-paying organizations,…
24
mo.03ORDINANCE ON SANCTIONS FOR ADMINISTRATIVE VIOLATIONS IN THE FIELD OF STATE AUDIT APPLICABLE FROM MAY 1, 2023
24-03-2023 828 0The Law on State Audit was firstly issued in 2015 and amended in 2019, in which, Article 8 provides for prohibited acts in the field of state audit. Normally, the Government will issue the Decree guiding the acts, levels of penalties, forms of sanction, order, procedures, and competence to sanction…
17
mo.03On March 14, 2023, the State Bank of Vietnam issued two decisions related to the management of interest rate, which are: Decision 313/QD-NHNN ("Decision 313") and Decision 314/QD-NHNN ("Decision 314"). Given the current situation, these decisions are considered a prompt action to support enterprises…
03
mo.03GUIDELINES ON TAX REFUND FOR BUSINESS ESTABLISHMENTS HAVING THEIR VALUE-ADDED TAX OF INVESTMENT PROJECTS REVOKED
03-03-2023 1018 0On 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…
17
mo.02WHETHER EVN AUTOMATICALLY ALLOWED TO INCREASE THE AVARAGE ELECTRICITY RETAIL PRICE BASED ON THE NEW AVARAGE PRICE FRAMEWORK?
17-02-2023 988 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…
10
mo.02THE NON-DIVIDED INCOME FOR INVESTMENT OF MEDICAL EXAMINATION AND TREATMENT ESTABLISHMENTS IS SUBJECT TO CORPORATE INCOME TAX WAIVER
10-02-2023 1540 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…
10
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…
03
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 1292 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…
03
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,…
03
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,…
06
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…
