Legal-Updates

Not destroy the invoice with incorrect buyer’s name and address

In accordance with the Circular No.  26/2015/TT-BTC dated February 27, 2015 of the Ministry of Finance guiding the value-added tax and tax administration in Decree No. 12/2015/ND-CP on guidelines for the Law on amendments to Laws, Decrees on taxations, and amendments to Circular No. 39/2014/TT-BTC on invoices for goods...
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EXEMPTING THE IMPORT TAX FOR 5 YEARS FOR MEDICAL EQUIPMENTS

This is the content prescribed at the Decision No. 54/2014/QD-TTg dated September 19, 2014 of the Prime Minister on import duty exemption for components imported to produce or assemble medical equipment prioritized for research and manufacture. In particular, the Prime Minister agrees to exempt from import tax for components imported...

The fee of issuance or renewal of a certificate of multi-level marketing is VND 5 million/application

In accordance with the Circular No. 156/2016/TT-BTC dated October 21, 2016 of the Ministry of Finance on providing for fees for processing of application for the certificate of multi-level marketing, collection, transfer and management thereof, applies to enterprises applying for issuance, replacement, addition or renewal of the certificate of...

Open fund shall conduct collection under agreed price

On December 31, 2013, the Ministry of Finance issued the Circular No. 216/2013/TT-BTC amending the Circular No. 38/2011/TT-BTC dated March 16, 2011 [...]

LIMITATION ON CROSS-OWNERSHIP AMONG COMPANIES

On October 02, 2015, the Ministry of Finance issued the Circular No. 152/2015/TT-BTC guiding the severance tax, and the taxable items are metallic minerals; non-metallic minerals; products of natural forests; natural aquatic organisms, including marine animals and plants; natural water; natural bird’s nests other than those collected from construction...

FROM JULY 01, 2017, THE STATUTORY PAY RATE IS VND 1,300,000 PER MONTH

This is the important content prescribed at the Decree No. 47/2017/ND-CP dated April 04, 2017 of the Government prescribing the statutory pay rate for public officials, public employees and armed forces’ personnel. In particular, from July 01, 2017, public officials working in authorities at central echelon to district level ;...
Agriculture company suffers

Agriculture company suffers a loss for three consecutive years shall be dissolved

This is the content prescribed at the Decree No. 118/2014/ND-CP dated December 17, 2014 of the Government on restructuring, developing and improving the agriculture and forestry companies. In particular. an agriculture company shall be dissolved if it suffers a loss for three consecutive years because of subjective reasons with cumulative...

Many preferential treatments with enterprises in national security and defense

Circular No. 151/2016/TT-BTC guiding operation mechanism for enterprises and employees in enterprises in national security and defense as stipulated under the Decree No. 93/2015/ND-CP dated October 15, 2015 of the Government on management organization and operation of enterprises in national defense and security was issued by the Ministry of...

BY 2017, PROCEDURE FOR PROPERTY REGISTRATION SHALL BE FINISHED WITHIN 20 DAYS

This is one of targets that the Government had set at Resolution No.  19-2017/NQ-CP dated February 06, 2017 on main duties and measures for improving business environment and enhancing national competitiveness in 2017 and orientation towards 2020. With the aim by the end of 2017, starting a business of our...

To annul the regulations on crewmen’s passport

The Vietnam Maritime Code No. 95/2015/QH13 passed by the National Assembly on November 25, 2015, taking effect on July 01, 2017 with many important contents. Firstly, this Code annuls the regulation that crewmen working in Vietnam ships in the international borders must have crewmen’s passport to transit, instead, the crewmen...