Mechanism for Direct Electricity Purchase between Renewable Energy Generators and Large Electricity Consumers
On July 3, 2024, the Government issued Decree No. 80/2024/ND-CP regulating the mechanism for direct electricity purchases between renewable energy generators and large electricity consumers. Subjects of Direct Electricity Purchase Subjects of direct electricity purchase through a private connection line include: Renewable energy generators; Large electricity consumers. Subjects of direct electricity purchase through the national […]
Personal Income Tax Policy for Foreign Individuals
On July 5, 2024, the General Department of Taxation issued Official Letter No. 2887/TCT-DNNCN 2024 concerning the personal income tax policy for foreign individuals. Based on Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013, of the Ministry of Finance; Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 […]
Personal Income Tax Policy for Foreign Individuals
On July 5, 2024, the General Department of Taxation issued Official Letter No. 2887/TCT-DNNCN 2024 concerning the personal income tax policy for foreign individuals. Based on Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013, of the Ministry of Finance; Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 […]
Notice of Effectiveness of the Multilateral Convention on Administrative Assistance in Tax Matters
On July 4, 2024, the General Department of Taxation issued Official Letter No. 2862/TCT-HTQT 2024 to announce the effectiveness of the Multilateral Convention on Administrative Assistance in Tax Matters. Based on Notification No. 08/2024/TB-LPQT dated January 26, 2024, from the Ministry of Foreign Affairs regarding the Multilateral Convention on Administrative Assistance in Tax Matters (the […]
Strengthen the personal income tax management
On July 4, 2024, the General Department of Taxation issued Official Dispatch No. 2873/TCT-DNNCN on strengthening personal income tax management, specifically as follows: Realizing that many subjects took advantage of the Tax industry's implementation of electronic tax services to serve taxpayers, and used a number of technological and technical tricks to impersonate tax officials […]
Government Amends and Supplements Special Preferential Import Tariff Schedule
On July 4, 2024, the Government issued Decree No. 81/2024/ND-CP amending and supplementing certain provisions of Decree No. 119/2022/ND-CP dated December 30, 2022, on Vietnam's Special Preferential Import Tariff Schedule for implementing the ASEAN-Korea Trade in Goods Agreement (AKFTA) for the period 2022-2027. Vietnam's Special Preferential Import Tariff Schedule specifies a 0% AKFTA tariff rate […]
Grappling with gold
At a livestreamed seminar hosted by Vneconomy / Vietnam Economic Times on July 8, local analysts share their insights with about Vietnam’s gold market and fundamental and long-term solutions for its effective management. The discussion was attended by Lawyer Nguyen Thanh Ha - Chairman of SBLAW. To prevent money laundering in gold transactions, we need […]
Bank card limit
On June 28, 2024, the State Bank of Vietnam issued Circular No. 18/2024/TT-NHNN on bank card operations. Pursuant to Article 13 of Circular 18/2024/TT-NHNN stipulates that card issuers must agree with cardholders on payment limits, transfer limits, cash withdrawal limits and other limits in The use of cards by cardholders is in accordance with the […]
Amend and supplement regulations on checking loan use
On June 28, 2024, the State Bank of Vietnam issued Circular No. 12/2024/TT-NHNN amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN dated December 30, 2016 of the Governor of the State Bank of Vietnam regulates lending activities of credit institutions and foreign bank branches to customers. Amend and supplement regulations on […]