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Updates

Legal Regulations On Receiving A Non-Refundable Sponsorship By a Subsidiary In Vietnam From Its Foreign Parent Company
  • ADK Lawyers
May 06 2022

The transfer of a non-refundable sponsorship to a subsidiary by its Parent Company is defined as a one-way money transfer, and as a current transaction. This article discusses such sponsorship transactions.


Vietnam: Proposing new regulations on refinancing on the basis of special bonds of credit institutions
  • Apolat Legal
May 04 2022

In this update: 1) Guidance on implementing regulations on increasing overtime, 2) Proposing new regulations on refinancing on the basis of special bonds of credit institutions.


Vietnam Weekly Update - 30 April 2022
Cập Nhật Hàng Tuần Việt Nam - 30 Thang 04 2022
  • BLawyers Vietnam
April 30 2022

In this update: 1) The Corporate Income Tax (“CIT”) policy upon relocation of business head office, 2) Guidance on canceling invoices


Vietnam Legal Updates - Vol. 39: Draft on peer-to-peer lending trial
  • ADK Lawyers
April 30 2022

In this update: 1) Draft on peer-to-peer lending trial, 2) Reduction of environmental protection tax rates for petrol, oil and grease, and 3) Increase the number of overtime working hours in the context of Covid-19 pandemic. prevention and control


Circular 24/2022 amending Circular 48/2019 regarding making provisions
  • PwC Legal Vietnam
April 29 2022

On 7 April, the Ministry of Finance issued Circular 24/2022/TT-BTC amending Circular 48/2019 regarding the provision for devaluation in investment in government bonds, municipal bonds and government-guaranteed bonds. Circular 24/2022 takes effect from 25 May 2022.


Myanmar: Deadline Nears for Companies and Non-profits to Register for Tax ID Number
  • DFDL Myanmar
April 21 2022

The Ministry of Planning and Finance issued Notification 20/2022 on 31 March 2022 reiterating that companies and non-profit organizations were required to obtain a Taxpayer Identification Numbers with the Internal Revenue Department.


Toksave - Allens PNG Regulatory Update - April 2022
  • Allens PNG
April 20 2022

This update covers: 1) Strata Title Ownership Scheme passed, 2) Moratorium on Voluntary Carbon Market Projects, and 3) Electricity Regulatory Contract Review – commencement of the review process


Vietnam Weekly Update - 15 April 2022
Cập Nhật Hàng Tuần Việt Nam - 15 Thang 04 2022
  • BLawyers Vietnam
April 18 2022

In this week’s legal update: 1) Overtime hours in 01 year, in 01 month of employees in the context of COVID-19 epidemic prevention and control, socio-economic recovery and development; and 2) New guidance on VAT.


Vietnam Customs and Global Trade Update | March 2022
  • EY Vietnam
April 18 2022

In this update: Proposed amendments on the Law on Export and Import Duty, Guidance on exchanging data from surveillance cameras between Export Processing Enterprise (EPE) and the customs authorities, Amending regulations on the special preferential export tariff and the special preferential import tariff to implement the CPTPP, Implementation under the Vietnam - UK Free Trade Agreement (UKVFTA), and others.


EY Vietnam Tax Alert | Restore immigration policies before COVID-19
  • EY Vietnam
April 08 2022

In this Tax Alert: 1) Retrievement of the immigration policies for foreign travelers same as before applying COVID-19 control measures, 2) Unfreezing visa bilateral and unilateral Vietnam visa exemption, and 3) No quarantine requirements for entry persons who are negative to COVID-19.


New Regulations on the Taxation of Non-Resident E-Commerce and Digital Platform Service Providers
  • DFDL Lao PDR
April 06 2022

Lao PDR is following the regional trend of taxing the activities of non-resident E-Commerce and digital platform service providers. This update provides the key features and our commentary on the Ministry of Finance’s Notification on the Implementation of the Tax Obligations of the E-Commerce and Digital Platform.


Thai PDPA Compliance: Key International Players and Global Platform Service Providers
  • DFDL Thailand
April 06 2022

After nearly two decades in the making, the Personal Data Protection Act was published on May 27, 2019. Ostensibly inspired by the EU General Data Protection Regulation, the PDPA was slated to go fully effective in June 2022 following a two-year delay due to COVID-19 outbreak.


Foreign Investment in Data Center Business in Vietnam
  • DFDL Vietnam
April 06 2022

This alert lists the key licenses, permits, declarations generally needed by a foreign investor (alone or in JV) to set up and operate a data center in Vietnam.


Thailand’s Personal Data Protection Act (PDPA) – Data Protection Officer (DPO) in Short
  • DFDL Thailand
April 06 2022

In this Thailand infographic, we outline briefly the role of a Data Protection Officer (“DPO”) and why certain businesses may require to hire one.


Philippines Amends Public Service Act, Limits the Definition of “Public Utility” and Lifts Foreign Equity Restrictions on Various Industries
  • DFDL Philippines
April 05 2022

The Act amending the "Public Service Act” was signed into law on 21 March 2022, and encourages private enterprise and expands the base of investment in the country, with the goal of providing efficient, reliable, and affordable services to all.


Vietnam: Changes to the Law on Electricity
  • DFDL Vietnam
April 02 2022

The new Law on amending and supplementing No. 03/2022/QH15 took effect on 1 March 2022. The New Law provides changes to nine current laws, which includes the Law on Electricity 28/2004/QH11, as amended from time to time.


Cambodia: VAT Registration Deadline for Non-Resident E-Commerce Providers is 31 March 2022
  • DFDL Cambodia
April 01 2022

The 31st of March is the deadline for non-resident e-commerce providers to register for value-added tax (“VAT”) in Cambodia. This update discusses some important points that non-resident e-commerce providers should consider in determining whether the VAT registration deadline applies to them.


Cambodia: Incentives for Voluntary Disclosures
  • DFDL Cambodia
April 01 2022

The introduction of Prakas 217 MEF.P (“Prakas 217”), which was issued by the Ministry of Economy and Finance in March 2022, provides incentives to taxpayers who wish to make voluntary declarations with the GDT.


Vietnam: Can a foreign company retain a Vietnamese person as a service provider, not an employee?
  • Venture North Law Firm
April 01 2022

Vietnamese law has no clear-cut distinction between an employment relationship and a commercial relationship, service agreement, thus individuals can be service providers.


Vietnam Updates From ADK - Vol. 38: Contractor shall purchase compulsory insurance for civil liability for third parties
  • ADK Lawyers
March 31 2022

In this update: 1) Guideline on Covid-19 prevention and control associated with entrants, 2) Visa waiver for citizens of 13 countries, and 3) A contractor shall purchase compulsory insurance for civil liability for third parties.


Features

Legal Terms Bilingual Index

Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages

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