Commentary

On November 25th, 2019, the 14th National Assembly passed the Law amendments to a number of articles of the Law on entry, exit, transit, and residence of foreigners in Vietnam, this Law takes effect from July 1st , 2020. One of the most prominent changes in the Law on amendments and supplements this time can […]

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 […]

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, […]

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 […]

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 […]

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, […]

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 […]

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 […]