Legal Update

Tax alert: Interest expense deduction limit raises to 30 percent from 20 percent to support businesses

Tax alert: Interest expense deduction limit raises to 30 percent from 20 percent to support businesses

The Vietnamese Government has recently issued Decree No. 68/2020/ND-CP (“Decree 68”) in order to amend and supplement Point 3, Article 8 of Decree No.20/2017/ND-CP with regards to the deductibility...

Vital modifications under the new Law on Investment 2019

Vital modifications under the new Law on Investment 2019

1.New foreign ownership threshold: The New Law on Investment drop-down on the foreign ownership threshold from previously being 51% to now being 50% to determine if an economic organization with...

 
Decree 52/2020/ND-CP on investment in construction and business of golf courses

Decree 52/2020/ND-CP on investment in construction and business of golf courses

On 27 April 2020, the Government issued Decree 52/2020/ND-CP regulating on investment in construction and business of golf courses. Accordingly, the Decree specifies the principles and conditions for golf course...

From june 15, the area of an 18 holes standard golf course must not exceed 90 hectares

From june 15, the area of an 18 holes standard golf course must not exceed 90 hectares

On April 27, 2020, the Government issues Decree No. 52/2020/ND-CP on investment for construction and commercial operation of a golf course. To be specific, the area of a standard golf...

 
THE GOVERNMENT ISSUED RESOLUTION TO SUPPORT FOR THE PEOPLE AFFECTED BY COVID-19 PANDEMIC

THE GOVERNMENT ISSUED RESOLUTION TO SUPPORT FOR THE PEOPLE AFFECTED BY COVID-19 PANDEMIC

The Government has issued Resolution No. 42/2020/NQ-CP dated April 09, 2020 on solution to support the people affected by Covid-19 pandemic. Regulated entities including employees, employers, enterprises, people with meritorious services to the revolution;...

Covid -19 epidemic impact: Enterprises face difficulties because C/O form E cannot be submitted according to the deadline

Covid -19 epidemic impact: Enterprises face difficulties because C/O form E cannot be submitted according to the deadline

VCN- Due to the impact of Covid-19 impact, many import and export enterprises have suffered difficulties because there is no C/O form E submitted according to the deadline. This greatly...

 
Handling of administrative violations in tax, treasury and customs agencies reviewed

Handling of administrative violations in tax, treasury and customs agencies reviewed

VCN- The Ministry of Finance has just issued Decision No. 179 / QD-BTC on theplan to review the implementation of the Law on handling of administrative violations in 2020. Under the...

Tobacco imports under tariff quota in CPTPP adjusted

Tobacco imports under tariff quota in CPTPP adjusted

VCN – The Ministry of Industry and Trade issued Circular No. 03/2020/TT-BCT stipulating tobacco imports under the tariff quota described in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The...

 
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