LEGAL UPDATES
FROM 15 NOV 2023, DATA SEARCH ON SECURED TRANSACTION REGISTRATION SHALL BE CHARGED VND 10,000 FOR EACH BASIC SEARCH AND VND 2,000 FOR EACH ADVANCE TRANSACTION
- 29-09-2023
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On September 28, 2023, the Ministry of Finance issued Circular 61/2023/TT-BTC ("Circular 61") regulating the collection rate, regime of collection, payment, management and use of fees in the field of registration of secured transactions to replace Circular 202/2016/TT-BTC dated November 9, 2016 ("Circular…
FORMS OF TAX RECEIPTS AND TAX WITHHOLDING DOCUMENTS COULD NOT BE USED DUE TO EXPIRY
- 29-09-2023
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On September 20, 2023, the General Department of Taxation issued Official Letter 4168/TCT-TVQT to the Tax Departments of provinces and centrally-run cities announcing that the prints are no longer valid. ATA Legal Services sends customers forms of tax collection receipts and tax withholding documents…
IMPORTED DIETARY SUPPLEMENTS SHALL BE REQUIRED TO HAVE A GMP CERTIFICATE OR LEGAL COMPLIANCE LETTER CONFIRMED BY THE AUTHORITIES OF THE EXPORT COUNTRY
- 29-09-2023
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Previously, Circular 18/2019/TT-BYT allowed, in case health protection foods produced by production facilities are not certified or certified by competent agencies of the importing country to meet GMP requirements, the Ministry of Health will establish an expert council to consider, determine conformity…
HANOI SHALL NOT GRANT CONSTRUCTION PERMITS TO INVESTORS WHO VIOLATED WARRANTY OBLIGATIONS FOR THE RETURN OF TRANSPORT INFRASTRUCTURE
- 29-09-2023
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In order to strengthen the management of construction and return of road transport infrastructure in Hanoi, the Hanoi People's Committee has issued Decision 24/2023/QD-UBND ("Decision 24") dated 25/09/2023 guiding investors in the implementation of works on road transport infrastructure (hereinafter…
EXTENDING THE DISCIPLINARY PROCESSING PERIOD FOR STATE ENTERPRISE MANAGERS AND STATE CAPITAL REPRESENTATIVES UP TO 10 YEARS
- 22-09-2023
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On September 14, 2023, the Government issued Decree No. 69/2023/ND-CP ("Decree 69"), amending and supplementing certain provisions of Decree No. 159/2020/ND-CP dated December 31, 2020 ("Decree 159") regarding the management of individuals holding positions, titles, and representatives of state capital…
SIMPLIFYING CONDITIONS AND PROCEDURES IN MANAGEMENT AND LICENSING FOR FOREIGNERS WORKING IN VIETNAM
- 22-09-2023
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On September 18, 2023, the Government promulgated Decree 70/2023/ND-CP (“Decree 70”) amending a number of articles of Decree 152/2020/ND-CP (“Decree 152”) on foreign workers working in Vietnam and recruiting and managing Vietnamese workers working for foreign organizations and individuals in Vietnam.…
DEVELOPING RURAL INDUSTRIES IN A MODERNIZED DIRECTION AND INTEGRATING WITH ECOTOURISM
- 22-09-2023
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On September 14, 2023, the Prime Minister issued Decision No. 1058/QD-TTg ("Decision 1058") approving the strategy for the development of rural industries until 2030, with a vision towards 2045 to unleash the potential of rural areas, enhance production and business efficiency, contribute to preserving…
INSURANCE ENTERPRISES CAN ONLY ACTIVELY ADJUST INSURANCE FEES FOR COMPULSORY INSURANCE TYPES WITHIN 25%
- 15-09-2023
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Previously, detailed guidelines on compulsory motor vehicle owner's civil liability insurance, compulsory fire insurance and compulsory insurance in construction activities were stipulated by the Government in three separate Decrees including: Decree No. 03/2021/ND-CP issued on January 15, 2021 ("Decree…
HANOI APPROVES MULTIPLE SUPPORT SOLUTIONS FOR COLLECTIVE ECONOMIC ORGANIZATIONS AND COOPERATIVES
- 15-09-2023
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Based on the approved directives and strategies for supporting the development of collective economy and cooperatives for the period of 2021 – 2030 approved by the Prime Minister under Decision No. 1804/QD-TTg dated November 13, 2020, and Decision No. 340/QD-TTg dated March 12, 2021, on September 5,…
ENTERPRISES MAY RECORD EXPENSES AND MAKE VAT DEDUCTION FOR PURCHASES PAID BY INDIVIDUALS’ CREDIT CARDS
- 15-09-2023
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According to Official Letter No. 62652/CTHN-TTHT dated 25/08/2023 responding to an enterprise's dispatch on tax policy when paying by personal credit card ("Official Letter 62652"), the Hanoi City Tax Department instructs that in case the enterprise authorizes an individual who is an employee of the…
MAXIMUM FEE SHALL BE APPLIED WHEN REGISTERING VEHICLES IN BOTH URBAN AND SUBURB AREAS OF HANOI AND HO CHI MINH CITY
- 15-09-2023
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On September 7, 2023, the Ministry of Finance issued Circular No. 60/2023/TT-BTC ("Circular 60") regulating the collection rate, regime of collection, payment, exemption and management of fees for registration and issuance of road motor vehicle plates (hereinafter referred to as "Fees for issuance of…
-400x300.jpg "THE 2023 TAX SPECIALIZED INSPECTION PLAN FOCUSES ON MAJOR ENTERPRISES OPERATING IN REAL ESTATE AND CONSTRUCTION SECTORS")
THE 2023 TAX SPECIALIZED INSPECTION PLAN FOCUSES ON MAJOR ENTERPRISES OPERATING IN REAL ESTATE AND CONSTRUCTION SECTORS
- 15-09-2023
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Recently, the General Department of Taxation issued Decision 970/QD-TCT[1] on the tax inspection process with the aim of strengthening tax inspection on the basis of applying risk management mechanisms, applying information technology to tax inspection in order to detect, and prevent and promptly handle…
-400x300.jpg "REMOVING THE POLICY OF REDUCED LICENSING ASSESSMENT FEES IN THE HEALTHCARE SECTOR FROM OCTOBER 16, 2023")
REMOVING THE POLICY OF REDUCED LICENSING ASSESSMENT FEES IN THE HEALTHCARE SECTOR FROM OCTOBER 16, 2023
- 08-09-2023
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In recent years, the impact of the Covid-19 pandemic and the world economic crisis has seriously affected the socio-economic development in the country and people's lives. To be able to share some of the above difficulties, on June 29, 2023, the Ministry of Finance issued Circular 44/2023/TT-BTC on…
-400x300.jpg "THE NEW TEMPLATE OF POWER PURCHASE AGREEMENT SUPPLEMENTS MANY OBLIGATIONS OF ENTERPRISES SELLING ELECTRICITY")
THE NEW TEMPLATE OF POWER PURCHASE AGREEMENT SUPPLEMENTS MANY OBLIGATIONS OF ENTERPRISES SELLING ELECTRICITY
- 08-09-2023
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On August 31, 2023, the Ministry of Industry and Trade issued Circular No. 16/2023/TT-BCT ("Circular 16") guiding the power purchase contract for domestic purposes between electricity retailers (hereinafter referred to as "Electricity selling enterprises") and electricity users for domestic purposes…
-400x300.jpg "GUIDELINES FOR THE CRITERIA OF DEBT RESTRUCTURING WITH EXTENDED REPAYMENT TERMS")
GUIDELINES FOR THE CRITERIA OF DEBT RESTRUCTURING WITH EXTENDED REPAYMENT TERMS
- 08-09-2023
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On August 9, 2023, the State Bank of Vietnam issued Circular No. 6248/NHNN-TD ("Circular 6248") regarding guidance on implementing Circular No. 02/2023/TT-NHNN ("Circular 02") on the restructuring of repayment terms and maintaining debt categories to support clients facing difficulties. Circular 6248…