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According to the new regulations, the rent of a house with a price of more than 8,333,334 VND/month is subject to tax and the owner must pay tax for the entire actual revenue. Recently, the Ministry of Finance has issued Circular 40/2021/TT-BTC guiding VAT and PIT for business households and individuals. After this circular was…
22
Jun
Jun
Regarding e-commerce activities like Google, Facebook, YouTube, etc. which generate incomes, the Tax Department of Ho Chi Minh City proposed the Government stipulate that these organizations must fulfill tax obligations in Vietnam. The tax responsibilities may include assisting in providing information of organizations and individuals in Vietnam that have business activities and earn income from…
21
May
May
From the effective date of Circular No. 01/2021/TT-BKHDT (May 1, 2021), the forms in the enterprise registration application specified in the appendix issued together with Circular No. 01/2021/TT-BKHDT is hereby applied nationwide. According to Mr. Huynh Van Toan (HCMC), Decree No. 122/2020/ND-CP dated October 15, 2020, of the Government, stipulates the coordination of the procedures…
22
May
May
Enterprises are proposing that instead of requiring an electricity operating license to receive a tax refund, energy projects will be refunded VAT as soon as they have signed electricity sale contracts. The Energy Association has just sent a document calling for help to the Prime Minister about the fact that many businesses investing in the…
06
May
May
If enterprises do not follow the principle of late payment penalty, the enterprises will abuse the value-added tax refund (VAT) until being forced to re-pay. Recently, the Vietnam Association of Seafood Exporters and Producers (VASEP) reflected that enterprises exporting seafood products are entitled to VAT refund. However, after a while, because for some reason, the…
06
Feb
Feb
Improvements in investment and business policy and the participation in bilateral and multilateral free trade agreements have helped Vietnam become a potentially attractive destination for domestic and foreign investors, says lawyer Pham Duy Khuong, managing director of ASL LAW, who spoke about the recent movements and their influence with VIR’s Hoang Oanh. How do you…
30
Jan
Jan
Asia Business Law Journal has just announced the A-list Vietnam’s Top 100 Lawyers. Among the honored lawyers, Lawyer Pham Duy Khuong – Founder of ASL Law, is proud to be a representative of ASL Law in this ranking. “Vietnam’s A List 100 Top Lawyers” was voted and announced by the Asia Business Law Journal. This…
09
Jan
Jan
Vietnam Business Merger and Acquisition (M&A) Forum in 2020 was held with the theme “Rising in a new normal state”. The M&A Forum 2020 offers many perspectives on Vietnam’s M&A market in the past year and prospects for the coming year. Will the M&A wave explode in Vietnam in 2021? Legal change in 2021 In…
13
Dec
Dec
Lawyer Pham Duy Khuong of ASL LAW joined the first session of the Vietnam M&A Forum 2020 with other lawyers and experts sharing their thoughts about the opportunities and challenges of Vietnam’s M&A market in the new normal. Phan Duc Hieu, deputy head, Central Institute for Economic Management (CIEM) One factor driving M&A activities is…
