The late payment interest at 0.03% per day on the outstanding amount
This is the important content prescribed at the Decree No. 100/2016/ND-CP dated July 01, 2016 of the Government on elaboration and guidelines for some articles of the law on amendment of the law on value-added tax, the law on special excise duty and the law on tax administration.
On particular,...
Providing for salary payment to managers in state companies
On June 13, 2016, the Decree No. 52/2016/ND-CP issued by the Government providing for salary, remuneration and bonus payment to managers of single-member limited liability companies of which charter capital is wholly owned by the State.
Accordingly, for economic corporation, the pay factors of full-time President of the Board of...
Precious gems with the value of VND 300 million must subject to custom declaration
In accordance with the Circular No. 35/2013/TT-NHNN dated December 31, 2013 of the State Bank of Vietnam guiding a number of provisions on anti-money laundering. Value of cash in foreign currency or Vietnam dong, precious metals, gems and negotiable instruments of VND 300 million must subject to customs declaration
NOT PROPOSE SPECIAL AMNESTY FOR PERSON WHO IS CONVICTED OF REBELLION, TERRORISM
On November 19, 2018, the National Assembly ratifies Law No. 30/2018/QH14 on Special amnesty, within that there are many detailed regulations on condition for being proposed for special amnesty with person who is convicted of offenses against human life, health, dignity and honor or illegal deal in narcotic substances…
Besides...
REGULATIONS ON GUIDING THE ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACTS
On December 30, 2016, the Ministry of Construction issued the Circular No. 30/2016/TT-BXD on guiding the engineering, procurement and construction contracts (EPC contract).
In accordance with the regulations in this Circular, an EPC contract applies solely to construction projects and contract packages of which execution time is required to be...
Legal consultant service regarding marriage registration with foreign elements
Client has intention to engage a legal consultant on advising and implementing the marriage registration with foreign elements in accordance with current Vietnam’s Laws. In which the parties in marriage need to satisfy the following general conditions:
+ The man has reached the age of twenty or over, the woman...
Import of used ships for dismantlement must have at least vnd 50 billion
According to the Decree No. 114/2014/ND-CP dated November 26, 2014 of the Government on subjects eligible and conditions for licensed import and dismantlement of used ships, a used ship imported for dismantlement shall be brought to a ship dismantlement establishment within 30 days after customs formalities are completed and...
Vietnam plans to fully legalize Cryptocurrencies
On 21st August, Vietnam Prime Minister has signed the Plan to fully legalize digital assets and cryptocurrencies.
According to the Plan, the Ministry of Justice and the State Bank of Vietnam are in charge of reviewing the current legal status of digital assets and cryptocurrencies; considering the US, EU and...
FUNCTIONAL FOODS MUST HAVE THE SEPARATE AREA IN THE PHARMACY
On November 24, 2014, the Ministry of Health issued the Circular No. 43/2014/TT-BYT on prescribing the functional foods management including supplemented foods, health protection foods, medical foods and foods used for special dietary uses; not apply to nutritional formula for children.
At this Circular, the Ministry of Health requires...
Compensate at least 1.5 times the salary for employees losing work capability from 5%
Compensation to persons as victims of occupational accidents and diseases is at least 30 months of salary for employees losing work capability from 81% and over, or becoming fatal due to occupational accidents and diseases and at least 1.5 times the salary for employees losing work capability from 5-10%...
