Intra-group management services are a controversial and highly debated tax issue in Vietnam. This article discusses Vietnam’s Benefits Test, pricing for intragroup services, relief under tax treaties, deductibility of intra-group management service fees, and practical tips and recommendations for taxpayers to manage Vietnamese tax risks.

• 12 March 2024

In this update: 1) IFRS will impact many areas of your company’s business beyond the accounting and finance departments, and 2) The adoption of IFRS brings with it threats, but also presents opportunities.

• 06 March 2024

In this article, we continue discussing the new changes introduced by the Real Estate Business Law 2023.

• 06 March 2024

On 24 November 2023, the Vietnamese National Assembly passed the Law on Telecommunications No. 24/2023/QH15, governing telecommunications activities, the rights and obligations of individuals and entities engaged in telecommunications activities, and the state management of the telecommunications sector.

• 06 March 2024

Ever since feed-in tariffs (FiTs) expired for solar power projects (31 December 2020) and wind power projects (31 October 2021), the Vietnamese Government has prevaricated over the legal framework. The recent Circular 19 lays the groundwork for the post-FiT reality for solar and wind power projects.

• 06 March 2024

On 18 January 2024, new Law on Credit Institutions (LCI 2024) has been passed by the National Assembly. LCI 2024 will replace the Law on Credit Institutions 2010 (as amended) (LCI 2010) from 1 July 2024. In a series of posts, we will introduce the new changes of LCI 2024.

• 06 March 2024

On 22 June 2023, the National Assembly passed a new Law on Electronic Transactions, set to be effect from 1 July 2024. The new Law introduces significant changes regarding the use of e-signatures by individuals as outlined in this update.

• 06 March 2024

The National Assembly has passed the Law on Real Estate Business No. 29/2023/QH15 (“LOREB 2023”) which will become effective on 1 January 2025 and replace the current Law on Real Estate Business.

• 06 March 2024

This update covers: Decree on VAT reduction for the first 6 months of 2024, Switzerland officially abolishes import duty on industrial products, The Ministry of Industry and Trade issued a List of potentially unsafe products and goods, and Official Letters (OLs) on: 1) Guidance on the application of VAT reduction at importation, 2) The issuance of electronic Certificates of Origin (e-C/O), 3) C/O Form D verification website The State inspection for Food Safety and Hygiene (FSH) of imported goods

• 06 March 2024

1 MINISTRY OF PLANNING AND INVESTMENT -------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 03/2024/TT-BKHĐT Ha Noi, 06 March 2024 CIRCULAR ON STIPULATING THE FORM OF BIDDING DOCUMENTS FOR THE SELECTION OF INVESTORS TO EXECUTE THE PROJECT WHERE BIDDING MUST BE ORGANIZED IN ACCORDANCE WITH THE LAW ON MANAGEMENT OF SECTORS AND FIELDS Pur

• 06 March 2024