Tiếng Việt
On the afternoon of January 11, 2022, the National Assembly of Vietnam has finally agreed to reduce the value-added tax rate (VAT) by 2% in 2022, applicable to groups of goods and services currently subject to a 10% VAT tax rate. The reduction of VAT tax rate has long been yearning for by businesses across…
16
Jan
Jan
The National Assembly of Vietnam assigned the Government to elaborate tax increases for securities and real estate transactions and report to the National Assembly Standing Committee for consideration and decision. At the closing session of the first extraordinary meeting on January 11, the resolution on fiscal and monetary policies to support the program of socio-economic…
23
Dec
Dec
(Vietnam) In all countries, tax is the main source of state budget revenue, including personal income tax. As the economy is growing, personal income tax also has a rapid increase, proportional to the per capita income. Accordingly, from the state’s point of view, contributing a higher level of personal income tax is good for the…
24
Nov
Nov
On September 29, 2021, the Vietnamese Ministry of Finance issued Circular No. 80/2021/TT-BTC guiding the implementation of a number of articles of the Law on Tax Administration and Decree No. 126/2020/ND-CP dated October 19, 2020 of the Government detailing a number of articles of the Vietnam Law on Tax Administration. The scope of the regulation…
22
Oct
Oct
(Vietnam). Allowable expense is a very important aspect to a business, a company, or a corporation, etc. This is because allowable expense will determine the overall revenue, turnover of an entire year of operating of a business. However, many businesses (mostly startups) are still new to this strange form of expense and don’t know how…
18
Aug
Aug
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…
14
Aug
Aug
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…
14
Aug
Aug
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…
Legal advices to Contract dispute, Legal advices to Employee, Legal advices to Enterprises/Employers, Featured News, IP Enforcement, Copyright, Patent & Industrial Design, Trademark, Marriage & Family Law, Contract, Tax Law, Anti-Dumping & Countervailing, Real Estate and Construction Law, M&A, Employment & Labor, Banking & Finance, Franchise, Intellectual Property Law, News, Our Activities, Press
Legal500: Interview with Pham Duy Khuong, Founder and Managing Director of ASL LAW
08
Aug
Aug
Founder and Managing Director Pham Duy Khuong explains how leading Vietnamese firm ASL LAW is adapting to clients’ changing needs.
05
Aug
Aug
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…
