Recently, the General Department of Taxation has explained why there is no proposal to reduce personal income tax for employees. Vietnam’s economic situation in the first half of 2021 In the first 6 months of this year, the national PIT collected by the tax sector was estimated at VND 73,027 billion, equaling 67.7% of the…
Article 19 of the IP Guidelines explain how businesses with a dominating market position can impose differing licensing restrictions on transaction counterparties with virtually equivalent conditions without justifiable reasons, resulting in discriminatory treatment. It also describes how to examine this behavior, including the conditions of the transaction counterparties, the licensing agreement’s provisions, and the discriminatory treatment.
Due to the heavy impacts from the Covid-19, the Vietnamese Government is doing its best to give out support for businesses suffering from this pandemic. Specifically, the Ministry of Finance is shortening the procedure for approving a tax and fee support package of about 20,000 billion VND. Furthermore, the banks also committed to reducing interest…
Recently, the “land fever” has re-emerged, causing the sale and transfer of the real estate to increase. However, in society, there has been a situation where the selling of a house contains 2 different prices. This phenomenon, caused by the buyers and the sellers, aims to avoid or reduce the taxes that they have to…
(Vietnam) Most of the workforce in every society is made of workers. The workers are manual laborers and they contribute to the founding of every stone and road in our society. Nonetheless, most of them still experience troubles with salary every month. So what is the right salary to be paid to the workers each…
The new support package that the Vietnam Ministry of Finance is developing is expected to reduce 50% of the payable tax amount arising from production and business activities in the third and fourth quarters of 2021 for all business households and business individuals in Vietnam. The recent complicated developments of the Covid-19 epidemic, especially in…
AI systems rely heavily on data. The access to data and the use of data to set up AI systems can cause intellectual property problems when the data is protected by copyright and related rights. Accordingly, artificial Intelligence and Machine Learning are not just for Big Business but it’s a problem that all businesses will…
From January 1, 2021, employees in Vietnam have more benefits under the provisions of the Vietnam Labor Code 2019 than before. In particular, employees now have the right of being notified of a detailed list for each salary receipt. Specifically, according to the provisions of Article 95 of the Labor Code 2019, the employer pays…
The Vietnam Government has submitted Report No. 224/TTr-CP to the National Assembly Standing Committee, proposing to include the Land Law (amended) Project into the 2022 Law and Ordinance Development Program, adding 11 groups of policies with clearly defined treatment plans, practical summaries, and thorough impact assessments to address urgent practical requirements. In recent years, petitions…
On July 9, the General Department of Taxation announced that the budget revenue in the first 6 months of the year still increased by 14.3% compared to the same period last year. Specifically, the budget revenue in the first 6 months of 2021 reaches VND 656 trillion, equivalent to 58.8% of the estimated number. This…