Management of employees in state-owned one-member limited liability company

Takes effect on August 01, 2016, Decree No. 51/2016/ND- CP of the Government on management of employees, salaries, bonuses of employees in single-member limited liability companies of which charter capital is wholly owned by the State, includes: Parent companies of State-owned economic corporations or State-owned general companies or parent...

Regulations on project appraisal and approval and design and estimate of works construction

On June 30, 3016, the Ministry of Construction issued the Circular No. 18/2016/TT-BXD detailing and guiding some contents on project appraisal and approval and design and estimate of works construction. In accordance with this Circular, project submission and appraisal, design and estimate of works construction in accordance with authority to...

SUPPORT FOR VICTIMS OF OCCUPATIONAL ACCIDENTS OR DISEASES

This is one of the important contents prescribed at the Law No. 84/2015/QH13 on occupational safety and health passed by the National Assembly on June 25, 2015 and takes effect on July 01, 2016. In particular, the Law prescribed that the employers shall be responsible for assigning with new works...

To guide the application of advance pricing agreements to tax administration

On December 20, 2013, the Ministry of Finance promulgated Circular No. 201/2013/TT-BTC guiding the application of Advance Pricing Agreements to Tax Administration. According to the Circular, the taxpayer shall decide whether the APA is unilateral, bilateral, or multilateral when submitting the APA application. While the APA application is processed, the...

New provision on land rental exemption and reduction

The Government issued Decree No. 135/2016/ND-CP  dated September 09, 2015 amending and supplementing a number of articles on collection of land rental and water surface rental, within that prescribed land rental exemption or reduction is not applied in the case of auction on land lease rights. Similarly, land use levy...

To bear stamps for domestic wine form January 1, 2014

On November 14, 2013, the Ministry of Finance promulgated Circular No. 160/2013/TT-BTC directing the printing, issuance, management and use of stamps for imported wine and domestic wine  The Circular clearly states that wine produced and sold in Vietnam from January 1, 2014 and imported wine for sale in Vietnam must...

Guiding the use of foreign currency’s accounts at authorized banks

In accordance with the Circular No. 16/2014/TT-NHNN dated August 01, 2014 of the State Bank of Vietnam guiding the use of accounts of foreign currency and Vietnamese dong at authorized banks for residents and non-residents[...]

Allowed to clear the loss and gain in the transfer of real estate

On June 18, 2014, the Ministry of Finance issued the Circular No. 78/2014/TT-BTC guiding the implementation of the Government’s Decree No. 218/2013/ND-CP of December 26, 2013, detailing and guiding the implementation of the Law on Enterprise Income Tax (EIT)[...]

TO INCREASE THE IMPORT TAX FOR SYNTHETIC STAPLE FIBERS TO 2%

On August 27, 2015, the Ministry of Finance issued the Circular No. 131/2015/TT-BTC dated August 27, 2015 of the Ministry of Finance amending the preferential import tax rates imposed on synthetic staple fibers of polyesters of HS code 5503.20.00 in preferential import tariff table issued together with Circular No....
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Multi-level makerting business must have minimum capital of vnd 10 billion

This is one of new contents prescribed at the Decree No. 42/2014/ND-CP dated May 14, 2014 of the Government on management of multi-level marketing activities[...]