ATS law bulletin for October 2016
ATS law bulletin for October 2016
Lawmakers propose improvement of law on access to information
The Law on Access to Information must regulate what information can be accessed and what information may not be accessed, otherwise, it would not meet people’s requirements on access to information, National Assembly (NA) Chairman Nguyen Sinh Hung said at the 44th session of the NA Standing Committee that convened on January 14 in Hanoi. . […]
From July, 2015, enterprises may decide on the appearance, quantity of seal
From July 01, 2015, enterprises may decide on the appearance, quantity and content of seal and before using a seal, an enterprise shall notify the seal specimen to the business registration agency for publicly posting on the national enterprise registration portal. These are significant contents as prescribed under the Law No. 68/2014/QH13 on Enterprises approved […]
Time limit for voluntary execution of a judgment is 10 days
On November 25, 2014, the National Assembly issued the Law No. 64/2014/QH13 amending and Supplementing a Number of Articles of the Law on Enforcement of Civil Judgments. Under this Law, it amends on Time limit for voluntary execution of judgments. Specifically, the time limit for voluntary execution of a judgment is 10 days after the […]
Guarantees principles borrow capital from credit institutions for state enterprises
An enterprise may provide guarantees for its subsidiaries to borrow capital from credit institutions must not exceed the subsidiary’s equity capital is the important contents prescribed at the Law No. 69/2014/QH13 passed by the National Assembly on November 26, 2014. Accordingly, the total value of guarantees provided for a subsidiary in which the enterprise holds […]
From july 2015, dealing in real estate must have a legal capital of vnd 20 billion
According to the Law on Real Estate Business No. 66/2014/QH13 approved by the National Assembly on November 25, 2014, replacing the Law on Real Estate Business No. 63/2006/QH11, from July 01, 2015, organizations and individuals dealing in real estate are required to establish enterprises or cooperatives (below referred to as enterprises) and have a legal […]
Not yet handovered the house, the owner must pay 70% charges
On November 25, 2014 the National Assembly officially approved the Housing Law No. 65/2014/QH13, replacing the Housing Law No 56/2005/QH11 with many new contents. For owners of commercial housing projects, within 50 days from the date of handover of houses to purchasers or from the time when lessees make full payments as agreed upon, to […]
From 2015, incomes from casinos shall not be taxable
According to the Law No. 71/2014/QH13 dated November 26, 2014 amending and supplementing a Number of Articles of the Laws on Taxes approved by the National Assembly, incomes from independent professional activities of individuals possessing practice licenses or certificates in accordance with law and having an annual turnover of 100 million VND or less shall […]
Compensate at least 1.5 times the salary for employees losing work capability from 5%
Compensation to persons as victims of occupational accidents and diseases is at least 30 months of salary for employees losing work capability from 81% and over, or becoming fatal due to occupational accidents and diseases and at least 1.5 times the salary for employees losing work capability from 5-10% are the contents prescribed at the […]
Not carry out procedures for investment registration for domestic investment projects
On November 26, 2014, the National Assembly approved the Law No. 67/2014/QH13 on Investment with many new contents that have strong effects on domestic and foreign investors. First of all, the Law regulated that only investment projects of foreign investors and economic organizations having 51% or more of their charter capital or having a majority […]