After the announcement of reopening on March 15, the tourism has many opportunities to recover in Vietnam. However, at this time, many resort real estate project investors are still waiting for answers on legal procedures. Khanh Hoa is one of the localities possessing many precious natural resources. During the period of 2013 to 2017, Khanh…
On March 17, 2022, the General Department of Taxation has just issued Document No. 769/TCT-TTKT, requesting the Tax Departments of provinces and cities to strengthen measures to prevent loss of revenue, to ensure sufficient collection into the state budget. Document No. 769/TCT-TTKT requires the whole industry to strengthen the inspection of tax law observance at…
Recently, the Vietnam Ministry of Construction issued Decision 94/QD-BXD announcing administrative procedures to be replaced in the field of Real estate trading within the scope of state management functions of the Ministry, many regulations related will be superseded or rescinded. According to Decision No.94/QD-BXD replacing two administrative procedures in Decision No. 705/2021/QD-BXD dated June 11,…
The Ministry of Finance is gathering feedback on proposed changes to the Personal Income Tax Law. Experts have suggested raising the taxable income to VND 15-20 million, lowering the highest tax rate to 25-30 percent, simplifying the tax schedule from 7 to 3 or 4 levels, adjusting the tax rate paid by year, and so…
The seafood industry has faced many trade remedies lawsuits abroad in recent years, although seafood industry is one of the main export groups of our country. As exports grow continuously thanks to the Free Trade Agreements (FTA) that Vietnam participates in, it is expected that this risk will be even greater in the coming time….
As an employer, there will be many cases when you want to fire an employee. This might be due to their poor performance in their position, or the business is coming across a huge change in its corporate structure or forced to cut some unimportant positions to relieve the burden due to the Covid-19 pandemic,…
As the Covid-19 pandemic is getting worse, the employees are trying their best to provide for their families. Accordingly, some employees have taken on the night shift or worked overtime. Some, on the other hand, try to find a new job to work simultaneously with their current job. So, what are the regulations on entering…
When the employee meets a transitional period in their career, they will have 2 circumstances, either working for another company immediately or in the position of jobless, out of job. However, these statuses can vary because the employee might be out of a job for a while, applying for the unemployment benefits but then he/she…
The Covid-19 has created many heavy impacts on society. If the employees are forced to quit to treat their disease, first they would have to use their sickness regime. If the maximum days on the sickness regime are over, they would have to use the remaining paid leaves, normally 12 days a year. However, if…
In order to reduce personal income tax (PIT), salaried employees have brought many suggestions to increase the deduction and lower the tax rate this year. Gasoline prices have increased six times during the past two months, pushing up prices of vegetables, eggs, and meat. Moreover, the outbreak of the COVID-19 pandemic made the income and…