Regulations on tax administration applicable to taxpayers during suspension of operations or business
Regulations on tax administration applicable to taxpayers during suspension of operations or business Decree No. 126/2020/ND-CP has just been issued by the Government on October 19th, 2020 detailing a number of articles of the Law on Tax Administration, which specifies the criteria for quarterly tax declaration for value-increased tax and personal income tax. Accordingly, this […]
Decree No.132/2020/ND-CP:Tax administration regulations applicable to enterprises with associated transactions
Tax administration regulations applicable to enterprises with associated transactions On November 25th, 2020, the Government issued Decree No. 132/2020/ND-CP on tax administration applicable to enterprises with associated transactions. Accordingly, this Decree prescribes the principles, methods and order of determining the factors that form associated transaction prices; rights and obligations of taxpayers in determining transfer pricing, […]
NEW DETAILED PROVISIONS ON THE ORGANIZATION AND OPERATION OF THE BAILIFF
The Ministry of Justice has issued a Circular No.05/2020/TT-BTP stipulating in detail a number of articles and measures to implement Decree No. 08/2020/ND-CP dated January 08, 2020 of the Government on the organization and operation of the bailiff. This Circular comes into force from October 12, 2020. Accordingly, the Circular provides several provisions on training […]
ADMENDMENT OF BOND ISSUANCE CONDITIONS
Recently, the government has issued Decree No. 81/2020/ND-CP to amend and supplement a number of articles of Decree No. 163/2018/ND-CP dated December 4th, 2018 on the issuance of bonds. It is known that this Decree comes into force on September 1st, 2020 with the amended contents as follows: About Bond Trading Decree No. 81/2020/ND-CP amending Clause […]
NEW REGULATIONS ON COORDINATION AND CONTINUITY OF PROCEDURESFOR ENTERPRISE ESTABLISHMENT REGISTRATION, DECLARATION OF THE USE OF EMPLOYEES AND ISSUANCE OF SOCIAL INSURANCE NUMBER OF UNITS
On October 15th, 2020, the Government issued Decree No. 122/2020/ND-CP regulating the coordination and continuity of procedures for enterprise establishment registration, branch offices, representative offices, and reporting using employees, issuing social insurance number of units, registering to use corporate invoices. This Decree takes effect on October 15th, 2020. The following are important new issues in […]
Roadmap for adjusting employees' retirement age from 2021 to 2035
On November 18th, 2020, the Government issued Decree No. 135/2020/ND-CP detailing the retirement age of employees. Accordingly, the retirement age of the employee in normal working conditions under Clause 2, Article 169 of the Labor Code is specified as follows: From January 1st, 2021, the retirement age of the employee under normal working conditions is […]
Linking training with foreign countries at university, masters, and doctoral degrees in the form of online and direct form combined online
Recently, the Minister of Education and Training has issued Circular No. 38/2020/TT-BGDDT providing for joint training programs for bachelor’s, master’s and doctorate degrees delivered by online and blended learning methods. The Circular applies to higher education institutions legally established and operating in Vietnam, academies, and institutes established by the Prime Minister in accordance with the […]
Supplementing the State investment capital for state-owned commercial banks
On October 9th, 2020, the Government has just issued Decree 121/2020/ND-CP amendment to clause 2 Article 12 of Decree No. 91/2015/ND-CP dated October 13, 2015 of the government on state capital investment in enterprises and management, use of capital and property in enterprises with amendments thereto under clause 5 Article 1 of Decree No. 32/2018/ND-CP […]
Reduction in corporate income tax
On September 25th, 2020, the Government issued Decree No. 114/2020/ND-CP elaborating the national assembly’s resolution No. 116/2020/QH14 on reduction in corporate income tax payable in 2020 by enterprises, cooperatives, public service providers and other organizations. This Decree applies to corporate income tax (CIT) payers that are organizations that earn taxable income from manufacture and/or sale […]