At the Vietnam GC Summit 2024 event, held in collaboration with Legal500, ASL LAW emphasized the important factors in conducting M&A activities in Vietnam, specifically regarding regulations on personal data protection, intellectual property law, and requirements for global minimum tax. During the presentation at the workshop, in addition to the usual aspects to consider in…
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Navigating M&A in Vietnam: Compliance with New Regulations on Personal Data Protection, IP Law, and Global Minimum Tax
At the GC Summit 2024 event, held in collaboration with Legal500, ASL LAW emphasized the important factors in conducting M&A activities in Vietnam, specifically regarding regulations on personal data protection, intellectual property law, and requirements for global minimum tax. THE FULL PRESENTATION SLIDE CAN BE DOWNLOAD HERE. Businesses engaging in M&A transactions in Vietnam need…
On December 28, 2023, the Government issued Decree 94/2023/NĐ-CP, outlining the value-added tax reduction policy in accordance with Resolution 110/2023/QH15. Subjects of Value-Added Tax Reduction Specifically, Article 1 of Decree 94/2023/NĐ-CP specifies that the value-added tax reduction will be applied to groups of goods and services subject to a tax rate of 10%, excluding the…
With a continuous commitment to providing cross-border legal services for Vietnamese businesses in various countries, the IBA event provides an excellent opportunity for ASL LAW’s lawyers to meet, exchange, and learn from experiences in their specialized legal areas such as anti-dumping and trade remedy, mergers and acquisitions, business, energy and oil, construction, intellectual property, arbitration,…
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ASL LAW continues to be the sponsor for the International Bar Association (IBA) Annual Conference 2023 in Paris
After officially becoming a sponsor for the IBA Annual Conference in Miami, USA in 2022, ASL LAW is honored to maintain its role as the main sponsor for the IBA Annual Conference 2023 in Paris, France. The IBA Annual Conference is a prestigious international legal conference. Established in 1947, shortly after the founding of the…
Recently, during a meeting between the Government’s Standing Committee and representatives of Vietnamese entrepreneurs, the Deputy Minister of Finance announced that the Ministry of Finance is currently reviewing and reporting to the Government the plan to continue reducing VAT in 2024 following the trend set in 2023. Given the economic challenges in 2023, where businesses…
One of the proposed solutions by the Ministry of Planning & Investment of Vietnam to cope with the changes in global minimum tax starting from 2024 is to provide financial support to FDI enterprises impacted by the global minimum tax in Vietnam with budget money. The global minimum tax is a worldwide tax policy unanimously…
On June 30, 2023, the Government issued Decree No. 44/2023/NĐ-CP, which regulates the policy of reducing value-added tax (VAT) in accordance with Resolution No. 101/2023/QH15 dated June 24, 2023, of the National Assembly. Accordingly, from July 1, 2023, until the end of the year, the VAT for certain groups of goods and services will be…
Vietnamese regulations on foreign contractor tax are primarily governed by the Tax Law and related implementing guidelines. Here are some important points regarding foreign contractor tax in Vietnam. Foreign contractor tax is imposed on individuals or foreign organizations when they earn income from providing services or supplying goods in Vietnam. Foreign contractors are classified as…
In Vietnam, there are two important concepts related to taxation: “taxable income” and “assessable income.” Here are the basic differences between these two concepts: Taxable income: • This is the amount on which an individual or business is required to pay taxes. It serves as the basis for determining assessable income. • Taxable income includes…