Finalization of corporate income tax: Enterprises need to review carefully to avoid errors
Determining corporate income tax is an important step to quickly and easily finalize taxes for 2016. Accordingly, enterprises need to review the paperwork and study the Law to avoid unnecessary errors. According to the provisions of the Law on corporate income tax, the expenses of enterprises which are determined as reasonable expenses to calculate corporate […]
New Law on Access to Information
The Law on Access to Information (the Law) was passed in April this year with a view to laying legal grounds for the exercise of one of fundamental rights of citizens enshrined in the Constitution.The Law, consisting of five chapters with 37 articles, institutionalizes Article 25 of the 2013 Constitution and incorporates a number of […]
Ordinance on Market Management
With effect from this month, the Ordinance on Market Management (the Ordinance) creates a common and transparent legal framework for examination and inspection operations of the market management force.Consisting of eight chapter and 46 articles, the Ordinance prescribes the position, functions, organization and examination and inspection activities of the market management force; the coordination and […]
Decree on automobile manufacture, assembly and import takes shape
The Ministry of Industry and Trade has revealed that it was drafting a decree on automobile manufacture, assembly and import, which was expected to be issued on schedule and take effect on July 1.The title of the decree would conform to Point b, Clause 2, Article 2 of Law No. 03/2016/QH14 Amending and Supplementing Article […]
Businesses burdened with social insurance: lawyer
Rising social insurance debt owed by businesses is a headache for social security authorities and trade unions which largely blame on employers’ disregard of law and their misappropriation of social insurance premiums paid by employees. This article adds another view holding that high social insurance payment rate is also a cause of the problem. Unpaid […]
New policies take effect in February 2017
New regulations on e-visas for foreigners, sanctioning of administrative violations in the field of environmental protection, duty-free goods and business in prize-winning electronic games for foreigners will come into effect since February 2017. Pilot grant of e-visas for foreigners The government has issued Decree No. 07/2017/ND-CP defining procedures on pilot grant of e-visas for foreigners […]
Important regulations effective from this month
Heavy fines for littering public places, vocational training support for young people and change of dialing codes are among important regulations that will be effective from this month. Government’s Decree 155/2016/ND-CP was put into action on Wednesday, imposing heavy fines amounting to between VND3 million (US$133) and VND7 million ($313) on those who litter public […]
New regulations on e-money, virtual currencies to be drafted
The Ministry of Justice is building a draft scheme on improving the legal framework for management and handling of virtual property, e-money and virtual currencies to be presented to the Government for promulgation of three separate decrees on the contents. Contributing opinions to the scheme, the State Bank of Vietnam (SBV) confirms that the legal […]
New policies take effect in January
The government issued Decree No. 139/2016/ND-CP dated on October 4, 2016 to regulate licensing fees. The licensing fee payers are organisations and individuals that operating their trade/production of goods and services, including not only enterprises, cooperatives, non-business units, branches, representative offices, business locations but also individuals, groups of individuals and households that have their trade/production […]
Fresh laws take effect since January
The Civil Code and six amended laws on State Budget, Press, Pharmacy, Fees and Charges, Accounting, and amendments to Article 6 and Annex 4 of the Law on Investment took effect since January 1, 2017. The Civil Code stipulates eight fundamental principles of civil law, creating a “legal corridor” to ensure that the civil rights of all […]