Commentary

- 04 / 12 / 2020 -
Cases of taxpayer information disclosure from December 5, 2020
On October 19, 2020, the Government issued Decree 126/2020/ND-CP guiding the Law on Tax Administration. Accordingly, this Decree specifies cases in which taxpayer information will be publicized from December 5, 2020, including: Stop working, have not completed the procedure for TIN deactivation, are inactive at the registered address. Tax evasion, assisting tax evasion, appropriation of […]
- 04 / 12 / 2020 -
Completion of tax obligations before exiting
On October 19, 2020, the Government issued Decree 126/2020/ND-CP guiding the Law on Tax Administration. Accordingly, this Decree provides for individuals to fulfill their tax obligation before exiting abroad. If the tax obligation has not been fulfilled, the competent person will issue a decision to suspend the exit. Cases of suspension from exit include: Suspension […]
- 04 / 12 / 2020 -
Banks must provide customer account information and withhold tax as requested by tax authorities
On October 19th, 2020, the Government issued Decree 126/2020/ND-CP (“Decree 126”) detailing a number of articles of the Law on Tax Administration No.38/2019/QH14.  In particular, Decree 126 provides for the responsibilities of commercial banks in providing customer account information and withholding tax on customers’ accounts opened at banks for tax authorities. Decree 126 provides for […]
- 04 / 12 / 2020 -
Protection of the employment of whistleblowers who work under labor contracts
On October 15th, 2020, the Ministry of Labor – War Invalids and Social Affairs issued Circular No.08/2020/TT-BLDTBXH guiding the employment protection of whistleblowers working under labor contracts. This document takes effect from December 1st, 2020. Accordingly, job protection of the protected person is understood as a competent agency considering and issuing a decision on application […]
- 04 / 12 / 2020 -
Employee’s retirement age
On November 18, 2020, the Government issued Decree No.135/2020/ND-CP on retirement age, this document takes effect force as of January 1st, 2021. Accordingly, the regulation on the retirement age of the employee is as follows: Firstly, for the employee working under normal working conditions, the retirement age for male employees is full 60 years and […]
- 10 / 11 / 2020 -
Conditions for applying preferential tax rates to exported goods under the EVFTA Agreement
On September 18, 2020, the Government issued the Decree No. 111/2020/ND-CP on Preferential Export Tariffs and Special Preferential Import Tariffs of Vietnam to implement the Free Trade Agreement between the Socialist Republic of Vietnam and European Union in the period 2020 – 2022. This Decree applies to taxpayers according to the provisions of the Import […]
- 09 / 11 / 2020 -
Reviewing a number of violations and the level of administrative penalties in the field of Customs
On October 19, 2020, the Government issued Decree No.128/2020/ND-CP regulates the sanctioning of administrative violations in the field of Customs, the document takes effect from 10/12/2020.   Let’s take a look at a number of violations and the fine levels for administrative violations in the Customs domain:  Export, import, temporary import, re-export, transit, and transfer of […]
- 09 / 11 / 2020 -
Increase the fine level for violations of cosmetic advertising regulations through the form of seminars, conferences, events
On September 28, 2020, the Government issued Decree No. 117/2020/ND-CP regulating the sanctioning of administrative violations in the health sector, replacing Decree 176/2013/ND-CP (“Decree No. 117/2020/ND-CP”). Accordingly, Decree No. 117/2020 / ND-CP has increased the fine level for violations of regulations on cosmetic advertising through the form of seminars, conferences and events. As follows: Acts […]