In brief: Law on Enterprises No. 59/2020/QH14 dated June 17th, 2020 (Hereinafter referred to as “Law on Enterprises 2020”) passed by the National Assembly takes effect from January 01st, 2021, supersedes the Law on Enterprises No. 68/2014/QH13 dated November 26th, 2014 (Hereinafter referred to as “Law on Enterprises 2014”). In comparison with the Law on […]

On 30th December 2020, the Government adopted the Decree No.152/2020/ND-CP regulating foreign workers working in Vietnam and recruiting and managing Vietnamese employees working for foreign organizations and foreign individuals in Vietnam (hereinafter referred to as “Decree 152“). Decree 152 will take effect from February 15, 2021. We would like to highlight some notable changes as follows: 1. From February 15, […]

Recently, the Government has issued Decree No. 152/2020/ND-CP regulating foreign workers working in Vietnam and recruiting and managing Vietnamese employees working for foreign organizations and foreign individuals in Vietnam. In particular, the provision on the duration of the work permit for foreign workers is a prominent content in this Decree. As follows:  In addition to […]

The Government issued a Decree guiding invoices and documents On October 19th, 2020, the Government issued Decree No. 123/2020/ND-CP guiding invoices and documents. The Decree includes 61 articles on management and use. invoices when selling goods or providing services; the management of dossiers when carrying out tax, charge and fee collection procedures; defines the responsibilities, […]

Regulations on sanctioning administrative violations of tax and invoices Recently, the Government has issued Decree No. 125/2020/ND-CP regulating the sanctioning of administrative violations on tax and invoices. The Decree taken effect from December 5, 2020. Decree No. 125/2020/ND-CP was born with many expectations to increase the effectiveness and efficiency of tax administration to prevent loss […]