Commentary

- 06 / 07 / 2020 -
Provisions on tax administration for enterprises having associated transactions
On June 24, 2020 The Goverment issued Decree No.68/2020/ND-CP amending Clause 3, Article 8 of Decree 20/2017/ND-CP providing for tax administration of enterprises having associated transactions. Accordingly, amending and supplementing regulations on total deductible interest expenses when determining taxable income for enterprises having associated transactions as follows: Total loan interest expenses (after subtracting deposit interests […]
- 06 / 07 / 2020 -
Residence mode of Residents at accommodation establishments while waiting for exit
On June 10, 2020, the Government issued Decree 65/2020 / ND-CP on organization, management and regimes for people staying at accommodation establishments while waiting for their exit. force from June 15, 2020. This Decree details the management organization and regimes (including diet, clothing, accommodation, daily life, contact, visits, receipt of gifts, medical examination and treatment, […]
- 06 / 07 / 2020 -
Conditions for employers to reduce the compulsory social insurance
On May 27, 2020, the Government issued Decree 58/2020/ND-CP stipulating the level of compulsory social insurance contributions to the Insurance Fund for Occupational Accidents and Occupational Diseases (“Decree 58/2020/ND-CP”). According to the content in Decree 58/2020/ND-CP: The rates of contribution to the Insurance Fund for occupational accidents and occupational diseases are as follows: Normal contribution […]
- 06 / 07 / 2020 -
Changes to personal income tax exemptions
On June 2, 2020 the standing committee of the national assembly issued Resolution No.954/2020/UBTVQH14 changes to personal income tax exemptions. Accordingly, personal income tax exemption redulation in the Law on Personal Income Tax 2007 have been amended and supplemented as follows: Personal exemption: 11 million VND/month (132 million VND/year). Meanwhile, the deduction level for taxpayers […]
- 06 / 07 / 2020 -
Regulations on visas exemption for foreigners enterring Phu Quoc Economic Zone
On May 25, 2020 the Goverment issued Resolution No.80/ND-CP on visa exemption for foreigners entering Phu Quoc economic zone, Kien Giang province. Accordingly, the Government stipulates that Phu Quoc Economic Zone, Kien Giang Province is a coastal economic zone, which is applied the visa exemption policy for foreigners upon entry as prescribed in Clause 7, […]
- 06 / 07 / 2020 -
Assets that are not distrained for enforcement of commercial judgment
On April 8, 2020, the Government issued Decree No. 44/2020/ND-CP stipulating the Forced execution of judgments against commercial legal entities. This Decree takes effect as from June 1, 2020 providing for the principles, measures, order and procedures for application of coercive measures of judgment execution to commercial legal entities specified in Article 163 of Law […]
- 06 / 07 / 2020 -
Abolishing the requirements related to technology, equipment in the cast iron, steel industry
The Ministry of Industry and Trade’s Circular No. 10/2020 / TT-BCT of June 15, 2020, repealed Circular No. 03/2014 / TT-BCT of January 25, 2014 of the Minister of Industry and Trade , cast iron and steel production equipment. Circular No. 10/2020/TT-BCT dated 15/06/2020 of the Ministry of Industry and Trade has abolished the requirements […]
- 06 / 07 / 2020 -
Extending the first review period for the application of anti-dumping measures on some galvanized steel products originating from China and Korea
On November 12, 2018, the Ministry of Industry and Trade issued Decision No. 4244/ QD-BCT on maintaining the application of anti-dumping measures on some galvanized steel products originating from China and Korea. Pursuant to Clause 1, Article 58 of the Government’s Decree No. 10/2018/ND-CP of January 15, 2018, detailing a number of articles of the […]