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The General Department of Taxation requires Tax Departments to propagate and disseminate information to taxpayers in their localities to hastily implement Decree No. 57/2021/ND-CP of the Government to remove difficulties for taxpayers in the current period. Recently, the General Department of Taxation issued Official Dispatch No. 6/CD-TCT on the implementation of Decree No. 57/2021/ND-CP of…
29
Jul
Jul
On the morning of June 22, at the National Assembly House, Mr. Vuong Dinh Hue, Politburo member, National Assembly Chairman, worked with the Institute for Legislative Studies. Here, the National Assembly Chairman emphasized that it is essential to overcome both trends leading to a reduction in the “life expectancy” of the law. Also attending the…
08
Aug
Aug
The Vietnam Stock Exchange and the Vietnam Securities Depository and Clearing Corporation (VSDC) are only allowed to invest outside of enterprises in the field of securities and the stock market. The Government has just issued Decree No. 59/2021/ND-CP stipulating several specific contents on financial management mechanism and performance evaluation for the Vietnam Securities Depository and…
24
Jun
Jun
According to the new regulations, the rent of a house with a price of more than 8,333,334 VND/month is subject to tax and the owner must pay tax for the entire actual revenue. Recently, the Ministry of Finance has issued Circular 40/2021/TT-BTC guiding VAT and PIT for business households and individuals. After this circular was…
22
Jun
Jun
Regarding e-commerce activities like Google, Facebook, YouTube, etc. which generate incomes, the Tax Department of Ho Chi Minh City proposed the Government stipulate that these organizations must fulfill tax obligations in Vietnam. The tax responsibilities may include assisting in providing information of organizations and individuals in Vietnam that have business activities and earn income from…
06
Jun
Jun
Currently, Vietnam is in the process to join the international market and affirms its position with the neighboring countries. Therefore, it is crucial for Vietnam to have a thriving business habitat which is the backbone of the whole economy. Accordingly, the proposals for tighter trademark protection and opening up opportunities for new types of trademarks…
01
Jun
Jun
Currently, due to the extremely complicated epidemic situation, airlines in Vietnam may face many difficulties in terms of financial situation which leads to the termination of labour contract in aviation field. Under this circumstance, high-qualified aviation persons, such as First Officers and Captains, have not received a salary on the contract but received the salary…
01
Jun
Jun
Currently, letter of credit (L/C) is an increasingly popular payment method in international commercial transactions because of the safety and prestige through the bank’s commitment to pay the seller. If the seller provides the full set of documents specified under the L/C and the buyer is also guaranteed by the bank that the goods will…
30
May
May
“Can you patent the sun?” This is the famous expression made by Dr. Jonas Edward Salk – an American virologist more than 60 years ago. The saying is becoming more and more profound today, especially in the context of the raging Covid-19 epidemic and the fact that Covid-19 vaccines could not be mass-produced due to…
23
May
May
There are so many similarities between the 2 agreements that the UK-Vietnam Free Trade Agreement (UKVFTA) might as well be called a direct copy of the EU-Vietnam Free Trade Agreement (EVFTA). UKVFTA – EVFTA: What’s the difference and similarities? In 14 areas of UKVFTA, the United Kingdom allows Vietnam to export at a 0% tax…
