Relaxation of regulations cove
This article provides information about relaxation of elements for the process of applying for a Work Permit/ Work Permit Exemption in Vietnam. This change is intended to fulfill one of the goals of Resolution 105 - supporting in creating favourable conditions for foreign employees of the enterprises in Vietnam.
Decree 92 on exemption and red
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. The Decree took effect on 19 October 2021.
Circular 78 covering the imple
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 released by the authorities and explain how it affects the Vietn...
Decision 28 covering financial
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 (UI) Fund.
Resolution 105 covering suppor
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.
Cases of wrong electronic invo
Identify before handling errors on e-invoices: Error type 1. Wrong address; 2. Wrong tax code; 3. Wrong company name; 4. Wrong quantity, unit price, finished
Foreign loans in Vietnam: regu
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 institutions through international loans.
Significant changes to Vietnam
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 than 10 years of implementation, the Law on Tax Administration ac...
5 most common labour and HR is
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 “What are the top challenges foreign investors face when doing b...
Business location requirements
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 political stability and the government’s drive to engage Vietnam in...
Official letter regarding tax
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 of this official letter, the Tax Department seeks to mitigate th...
Acclime discusses coworking in
This July, Vlad Savin, Head of Business Development at Acclime Vietnam and project lead of the ‘Coworking and Flexible Workspace in Vietnam 2020-2021’ Market Report has discussed with Linh Hoang, Co-Founder and CEO of Circo Coworking Space Vietnam about the role of the coworking workspace in the real estate narrative, ...
