Category: Legal
Draft decree would limit labour subcontracting
While the subcontracting of labour was authorised in the 2012 revision of the Labour Code, the new code does not specify further conditions or procedures. A draft decree [...]
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Vietnam is in pole position to benefit from Burma’s broad new investment law
Edwin Vanderbruggen, partner of VDB Loi Yangon and Nay Pyi Taw, analyses why Vietnam is well-positioned to benefit from the new Myanmar Foreign Investment Law. On November 2, [...]
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Vietnam ratifies Asean Customs Agreement
The government has issued Resolution No.78 on ratifying the Asean Agreement of Customs signed in Cambodia on March 30, 2012. The Ministry of Finance will cooperate with [...]
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PIT Law to help under pressure workers
Taxpayers with a monthly income of VND9 million will no longer be subject to personal income tax. The National Assembly last week approved the amended Personal Income Tax [...]
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Paid up? Enjoy a tax holiday
Enterprises without overdue tax debts will continue to enjoy a tax grace period. The National Assembly last week approved the amended Law on Tax Administration which will [...]
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Wind-energy farms may get government’s priority
Wind farms that offer economic efficiency and plan to connect with the national grid could be given priority status by the government as it seeks to modernise the [...]
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Vietnam Central Bank Announces Reporting Regime for Banks with Branches & Subsidiaries Abroad
The State Bank of Vietnam (SBV) today announced the reporting regime for those credit institutions that opened branches and subsidiaries abroad as follows: Monthly Reports [...]
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Agencies force firms to declare taxes online
Although it is not compulsory for companies to declare taxes online instead of physically going to the tax offices, some tax agencies have reportedly forced them to do so by [...]
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Revised law on personal income tax passed
The National Assembly passed amendments and supplements to the Law on Personal Income Tax with a majority of votes on November 22. Under the revised law, the level at which [...]
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Few foreign visitors get VAT refunds
Only 860 foreign tourists have received value-added tax (VAT) refunds at Tan Son Nhat International Airport, four months after the VAT policy was introduced to increase [...]
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Foreign-owned brokerages face hurdles
Under Vietnam’s commitments when it acceded to the World Trade Organisation in 2007, foreign organisations must receive a right to set up a 100-per-cent foreign-owned [...]
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Tourists in the dark about Vietnam VAT refund
Some 300,000 international tourists arrive in HCM City via Tan Son Nhat Airport on a monthly basis, but over the last four months only 860 of them have been able to receive [...]
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Regulation on Cross Ownership among Banks to Be Issued in 2013, Says SBV deputy Governor
Regulations related to cross-ownership will be issued and take effects in the following year, said Dang Thanh Binh, deputy Governor of the State Bank of Vietnam (SBV) at a [...]
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Fines bite into used-vehicle sales
A new decree on vehicle-ownership rights is being blamed for the sluggish sales of secondhand vehicles in HCM City, according to traders and customers in the used-car and [...]
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Foreign tourists receive $148,000 in VAT refund
A total of 850 foreign tourists have been able to receive the value-added tax refund when leaving Vietnam, for a combined refund of VND3.1 billion, or $148,000, the customs [...]
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