In this update: 1) Guidance on the implementation of business investment projects, and 2) Frequently asked legal questions category
To support enterprises to deal with the labor shortage during the Covid-19 pandemic, on 23 March 2022, the Standing Committee of the National Assembly of Vietnam passed Resolution 17 to loosen the overtime limit of employees as compared to the Labor Code 2019.
A party to an arbitral proceedings under VIAC’s Rules must send its notice and other submission to VIAC which will then forward the notice and submission to the other parties to the proceeding.
In the case of a de-merger of a Vietnamese company, must the remaining company comply with the procedures for transferring contractual rights and obligations under the Civil Code 2015 including obtaining consents from its contracting parties?
On 17 February 2022, Cambodia issued the Sub-Decree on the Organization and Functioning of the Cambodia Competition Commission. The Sub-Decree provides the structure and function for the Cambodia Competition Commission, the regulatory authority designated under the Law on Competition.
On 28 March 2022, the Ministry of Labour and Vocational Training issued Notification 011/22 to extend the deadline for foreign employee work permit applications to 31 May 2022 to help foreign employees who are not able to renew or apply for work permit on time in light of the COVID-19 outbreak.
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.
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.
In this update: 1) The Corporate Income Tax (“CIT”) policy upon relocation of business head office, 2) Guidance on canceling invoices
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
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.
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.
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
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.
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.
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.
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.
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.
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.
In this Thailand infographic, we outline briefly the role of a Data Protection Officer (“DPO”) and why certain businesses may require to hire one.
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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