Relaxation of regulations covering the process of applying for a Work Permit/Work Permit Exemption i
1. IntroductionSince the middle of 2021, the situation in Vietnam with the COVID-19 outbreak grew more complex, resulting in further difficulties for enterprises and foreign individuals.To assist wi
0评论2021-11-2410
Decree 92 on exemption and reduction of taxes for enterprises and individuals impacted by COVID-19
On 27 October 2021, the Government issued Decree 92/2021/ND-CP providing detailed regulations on implementation of Resolution 406/NQ-UBTVQH15 dated 19 October 2021, regarding several measures to support enterprises and people suffering COVID-19 impacts. T
0评论2021-11-083
Circular 78 covering the implementation of the latest Law on Tax Administration regarding e-invoices
Circular 78 takes effect on 1 July 2022 and further encourages taxpayers in Vietnam to implement electronic invoices before the effective date, offering a comprehensive guide and timeline for the implementation. In this article, we delve into the guidance
0评论2021-10-136
Decision 28 covering financial aid and support measures for employees and employers in Vietnam
The Vietnamese Government issued Decision 28/2021/QĐ-TTg (“Decision 28”) on 1 October 2021 to support employees and employers in Vietnam facing difficulties due to COVID-19, with financial aid and reductions in contributions for the Unemployment Insurance
0评论2021-10-069
Resolution 105 covering support policies and actions during Covid-19
On September 9, 2021, the Vietnamese Government issued Decision No. 105/NQ-CP (Resolution 105) going into effect on the same date covering support policies and actions dedicated to enterprises and business households affected by Covid-19 pandemic.
0评论2021-09-279
Foreign loans in Vietnam: regulations and important provisions
Accessing foreign loans is a common practice for companies operating in Vietnam, where many foreign invested businesses are usually funded by part capital and part debt. The debt is generally provided by their parent entities or other financial insti
0评论2021-09-147
Significant changes to Vietnam tax administration in 2021
The initial Law on Tax Administration was approved by the National Assembly on November 29, 2006 and took effect from July 1, 2007. Since then, the Law on Tax Administration has been amended and supplemented three times in 2012, 2014 and 2016. After more
0评论2021-09-067
5 most common labour and HR issues faced by foreign investors in Vietnam
Human resource and labour compliance in Vietnam is one of the most troublesome areas for international investors operating or seeking to enter Vietnam. In a recent LinkedIn survey of our extended Acclime community, 62% of our audience, when being asked of
0评论2021-08-183
Business location requirements for foreign investors in Vietnam
Vietnam is regarded as a favourable market entry location for international investors, due to its economic and strategic positioning in the region, as well as the benefits of its geographical location. Recent changes and economic reforms, combined with po
0评论2021-08-046
Official letter regarding tax returns submission during Directive 16 in Ho Chi Minh City
Under significant lockdown measures implemented by the authorities in Ho Chi Minh City, many businesses and individuals are experiencing substantial delays in being able to summit and lodge tax declarations with the relevant institutions. With the release
0评论2021-08-038
Decision 23 providing regulations on implementation of policies to support businesses and individual
Facing a complicated stage of the COVID-19 pandemic in Vietnam, which is significantly impacting businesses and people’s lives, the Vietnamese Government has commenced supporting actions in response to the situation through issuing a number of regul
0评论2021-07-135
Resolution 68 implementing policies to support businesses and individuals impacted by COVID-19
To support businesses and individuals in Vietnam which have been impacted by COVID-19, especially in recent periods, the Vietnamese Government issued Resolution 68/NQ-CP on 1 July 2021. This Resolution implements policies to decrease and defer contributio
0评论2021-07-092
E-invoices in Vietnam: Registration process, timing and content
Enterprises and business entities operating in Vietnam are required to follow strict and sometimes tedious compliance procedures in order to be aligned with the corporate legal framework set by the Vietnamese authorities. One of the important compliance p
0评论2021-07-083
Circular 40 guiding VAT, PIT and Tax Administration for business households and business individuals
On 1 June 2021, the Ministry of Finance issued Circular 40/2021/TT-BTC providing guidance on Value Added Tax (“VAT”), Personal Income Tax (“PIT”) and tax administration for business households and business individuals. The Circular comes into effect on 1
0评论2021-06-218
Decree 57 on favourable CIT provisions applied to supporting industry projects
Decree No. 57/2021/ND-CP issued on 4th of June 2021 took immediate effect and supplements Article 20, point 2, of Decree No. 218/2013/ND-CP and covers favourable CIT provisions applied to supporting industry projects, under certain conditions.
0评论2021-06-178
EdTech in Vietnam – A Sector Regulatory Analysis
In recent years, a significant number of investors have shifted their focus towards the education sector in search of more opportunities in Vietnam, and specifically towards the EdTech market vertical, which is still at its early stages in the country. As
0评论2021-06-167
Rules of Origin under EU-Vietnam Free Trade Agreement (EVFTA) in practice
Free Trade Agreements (“FTA”) cover many elements of bi-lateral relationships between countries, however one of the most important outcomes is in respect to the trading of goods and products.
0评论2021-06-0310
Decree 31 guiding the implementation of the Law of Investment 2020 in Vietnam
On 26 March 2021, the Government issued Decree 31/2021/ND-CP (“Decree 31”) providing Guidance on enforcement of Law on Investment 2020 (“LOI”) and in replacement of the previous Decree 118/2015/ND-CP (“Decree 118”). Decree 31 covers a series of significan
0评论2021-05-312
Vietnam’s significant Work Permit issues in 2021
Vietnam’s new Labour Code (known as the Labour Law 2019) came into effect on 1 January 2021 and introduced a number of what appeared to be more subtle changes to previous labour laws as applicable to foreign employees. To implement the new Labour Co
0评论2021-05-202
Decree 52 on payment deadline extension for VAT, CIT, PIT and Land Rental in 2021
On 19 April 2021, the Vietnam Government issued Decree 52/2021/ND-CP providing extensions of deadlines for the payment of Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT) and Government Land Rent in 2021. This Decree, which too
0评论2021-04-268