Legal news

On June 18, 2021, The Ministry of Finance issued Circular No 45/2021/TT-BTC guiding the application of the Advanced Pricing Agreement (APA) mechanisms in tax administration for enterprises that have associated transactions. Accordingly, the regulations of APA proposing transactions as follows: - APA proposing transactions are associated transactions specified in Clause 2, Article 1 Decree No 132/2020/ND-CP. Currently, APA transactions are...

This is the important contents prescribed at the Law No. 63/2014/QH13 on Organization of People’s Procuracies passed by the National Assembly on November 24, 2014. Accordingly, from February 01, 2015, the people’s procuracy system includes the Supreme People’s Procuracy. Superior people’s procuracies; People’s procuracies of provinces and centrally run cities;...

On December 27, 2013, the Ministry of Finance promulgated Circular No. 209/2013/TT-BTC on guiding the financial regulations applicable to Vietnam Asset Management Company (VAMC) for credit institutions, which shall comply with legislations applicable to the one-member limited liability companies of which 100% of charter capital is owned by State, the Government’s Decree No. 53/2013/ND-CP dated May 18, 2013 and related legal documents[...]

On December 05, 2014 the Ministry of Industry and Trade issued the Circular No. 47/2014/TT-BCT on the management of e-commerce websites. This Circular does not apply to websites operating in the fields of finance, banking, credit and insurance; websites for trading and exchange of money, gold, foreign currencies and...

On November 15, 2016, the Ministry of Finance issued the Circular No. 289/2016/TT-BTC on amounts, collection, payment, management and use of fees and charges in the cinematography. In accordance with the Circular, the charge for issuance of licenses for setting up branches or representative offices of foreign movie establishments in...

On February 16, 2015, the Government issued the Decree No. 22/2015/ND-CP detailing a number of articles of the Law on Bankruptcy regarding asset management officers and asset management and liquidation practice. Within that, an asset management officer or asset management and liquidation firm shall refuse to conduct asset management...

Takes effect on July 01, 2017, the Circular No. 07/2017/TT-BLDTBXH dated March 10, 2017 of the Ministry of Labor, War Invalids and Social Affairs on working regime for vocational education teachers. Accordingly, Working time of teachers of college or intermediate level shall be 44 weeks per year according to 40-hour...

Some significant regulations of the Decree: - Construction costs of each project, construction, contract must be calculated correctly and sufficiently and appropriate for design requirements, technical instructions, construction conditions, market prices at that time, and the construction site. - Investors may hire cost management consultants who are qualified as prescribed in...

Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October 25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock Exchange of Hanoi; the Stock...

On November, 14, 2016, the Ministry of Finance issued the Circular No. 271/2016/TT-BTC on amounts, collection and payment of assessment fees for issuance of certificates of practice registration, certificates of eligibility for providing accounting and auditing services. In particular, assessment for issuance of certificate of eligibility for providing accounting and...