LEGAL UPDATES
NOTE FOR ENTERPRISES TO FINANCIAL OBLIGATIONS WHEN RAISING THE REGIONAL MINIMUM WAGES
- 05-07-2024
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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…
-400x300.png "CONTINUE TO REDUCE MANY TYPES OF FEES TO SUPPORT BUSINESSES AND INDIVIDUALS")
CONTINUE TO REDUCE MANY TYPES OF FEES TO SUPPORT BUSINESSES AND INDIVIDUALS
- 05-07-2024
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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…
-400x300.png "LAND FINANCIAL EXPENSES SHALL BE COUNTED IN LAND PRICE VALUATION")
LAND FINANCIAL EXPENSES SHALL BE COUNTED IN LAND PRICE VALUATION
- 05-07-2024
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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…
-400x300.png "CONTINUE TO REDUCE VALUE-ADDED TAX UNTIL THE END OF 31 DECEMBER, 2024")
CONTINUE TO REDUCE VALUE-ADDED TAX UNTIL THE END OF 31 DECEMBER, 2024
- 05-07-2024
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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…
INSTRUCTIONS FOR PARTITION OF WATER SOURCE FUNCTION AND ARTIFICIAL ADDITION OF UNDERGROUND WATER
- 21-06-2024
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On May 16, 2024, the Ministry of Natural Resources and Environment issued Circular 03/2024/TT-BTNMT detailing the implementation of certain provisions of the 2023 Water Resources Law ("Circular 03"), replacing the following circulars: Circular No. 24/2016/TT-BTNMT dated September 9, 2016, on the determination…
-400x300.png "EXTENSION OF PAYMENT TERM FOR TAX AND LAND RENT IN 2024")
EXTENSION OF PAYMENT TERM FOR TAX AND LAND RENT IN 2024
- 21-06-2024
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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:…
DOMESTICALLY MANUFACTURED/ASSEMBLED CARS ARE ALLOWED TO EXTEND THE DEADLINE FOR PAYMENT OF EXCISE TAX UNTIL THE END OF NOVEMBER 20, 2024
- 21-06-2024
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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.…
04 IMPORTANT LAWS EFFECTIVE FROM AUGUST 1, 2024
- 14-06-2024
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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,…
PERSONAL INCOME TAX WITHHOLDING IS NOT REQUIRED FOR EMPLOYEES HAVING INCOME OVER VND 2,000,000/PAYMENT IN MULTIPLE AREAS
- 14-06-2024
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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…
THE VIETNAMESE PARTY IS RESPONSIBLE FOR REGISTERING THE TAX CODE, DECLARING AND PAYING TAX ON BEHALF OF THE FOREIGN CONTRACTOR WHOSE INCOME ARISES IN VIETNAM
- 14-06-2024
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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…
PROPOSAL TO PROSECUTE CRIMINAL LIABILITY FOR VIOLATIONS OF OCCUPATIONAL SAFETY AND HEALTH CAUSING SERIOUS CONSEQUENCES
- 14-06-2024
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On June 4, 2024, the Ministry of Labor, War Invalids and Social Affairs issued Official Letter No. 2354/BLĐTBXH-CATLĐ requiring local authorities and relevant agencies and organizations to enhance management and compliance with occupational safety and hygiene laws ("Official Letter 2354"). Recent occupational…