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The USA government has just announced a new tariff policy, applying to over 180 trade partners worldwide. This move is seen as one of the most assertive measures by the USA to adjust the trade balance and protect domestic manufacturing. Countervailing Tariff Rates and Scope of Application According to a statement by USA President Donald…
03
Apr
Apr
On April 2, USA President Donald Trump signed an executive order imposing countervailing import tariffs on dozens of economies. Vietnam is among the countries subject to the highest tariff rate, reaching up to 46%, second only to China at 34%. Meanwhile, countries such as the UK, Brazil, and Singapore face a 10% tariff, whereas the…
13
Mar
Mar
The business license tax is a mandatory tax for enterprises and business households in Vietnam. However, when a business temporarily suspends operations, many business owners wonder whether they are still required to pay this tax. This article clarifies the issue based on current legal regulations. 1. What is Business License Tax? Business license tax (now…
13
Mar
Mar
To determine whether the USA 25% tariff on steel and aluminum qualifies as a safeguard duty under trade remedy measures, we must examine the concept of “safeguard duty” and the context of USA trade policies. What Is a Safeguard Duty? A safeguard duty is a temporary trade remedy measure imposed to restrict imports of a…
12
Mar
Mar
Effective March 12, 2025, all aluminum and steel imports into the USA will be subject to a 25% tariff, in line with the prior plan issued by President Donald Trump. The fact that the USA is adhering to this pre-established plan is noteworthy, as President Trump has previously delayed tariff impositions on other countries multiple…
03
Mar
Mar
On February 10, 2025, the Vietnamese government issued Decree No. 20/2025/ND-CP, introducing significant amendments to Decree 132/2020/ND-CP. The new decree, effective from March 27, 2025, aims to enhance transparency in tax compliance related to transfer pricing and will apply from the financial year 2024 onwards. Key Changes in Related Party Transactions 1. Revised Criteria for…
Litigation and dispute resolution, Featured News, IP Enforcement, Trademark, Contract, Tax Law, Anti-Dumping & Countervailing, Intellectual Property Law, Investment Law, Business, News
Legal 500 GC Summit 2025: Key Legal Considerations for Vietnamese Businesses Investing in Thailand, Indonesia, Laos, Cambodia, and China – Expanding Beyond Borders
04
Mar
Mar
As Vietnamese businesses look beyond national borders to expand their operations, Thailand, Indonesia, Laos, Cambodia, and China emerge as strategic destinations for investment. These markets offer significant growth opportunities but also present unique legal landscapes that investors must navigate carefully. Following the success at the GC Summit 2024 event where ASL LAW presented on the…
18
Mar
Mar
The Ministry of Finance (MOF) has proposed amendments to the 2008 Law on Excise Tax, focusing on taxable and non-taxable objects. The proposed changes aim to better align tax regulations with policies on public health protection and the management of high-end products and services. Taxation on Sugary Beverages To curb sugar consumption and protect public…
12
Feb
Feb
Starting March 4, 2025, all aluminum and steel imports into the United States will be subject to a 25% tariff, according to a new decision signed by President Donald Trump. “We will impose a 25% tariff on all aluminum and steel imports, with no exceptions. This will encourage more businesses to manufacture in the USA,”…
06
Feb
Feb
Recently, China officially announced its decision to file a lawsuit against the United States at the World Trade Organization (WTO) after the administration of President Donald Trump imposed new tariffs on imports from Beijing. According to a statement from China’s Ministry of Commerce on February 2, 2025, the U.S. tariff measures are considered a “serious…
