The National Assembly passed Resolution No. 107/2023/QH15 on the application of additional corporate income tax according to regulations to prevent global tax base erosion, according to which the global minimum taxpayer is a constituent unit of a multinational corporation with revenue in the consolidated financial statements of the ultimate parent company for at least 02 of the 04 years immediately preceding the fiscal year equivalent to 750 million euros (EUR) or more, except in the following c

• 28 January 2024

The 2020 Environmental Protection Law and its implementing Decree 08 introduced the concept of Extended Producer Responsibility. Although waste treatment responsibilities have been applicable from the effectiveness of Decree 08 in 2022, recycling responsibilities will now also apply according to a roadmap starting from 2024.

• 28 January 2024

Representations and warranties constitute an important building block in a contract. Unfortunately, Vietnamese contract law does not have a separate regime on representations and warranties. Accordingly, this gives rise to various questions concerning representations and warranties under Vietnamese law.

• 28 January 2024

KPMG would like to share the very recent updates Decree 77/2023/ND-CP governing the management of importing refurbished goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which shall come into force starting from 01 January 2024.

• 28 January 2024

In this newsletter: Decree 94/2023/ND-CP stipulating the VAT reduction policy for the first 06 months of 2024, Official Letter 5435/TCT-CS guiding where the VAT rate cannot be determined, Official Letter 3142/CTTPHCM-TTHT guiding regulations on offsetting overseas profit remittance, Official Letter 5081/CTBNI-TTHT on the timing of export revenue recognition, and Official Letter 5114/TCT-CST on the transfer of capital between companies within the same Group.

• 28 January 2024

1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No. 01/2024/TT-BCT Ha Noi, 15 January 2024 CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 21/2016/TT-BCT DATED 20 SEPTEMBER 2016 OF THE MINISTER OF INDUSTRY AND TRADE STIPULATING THE IMPLEMENTATION OF RULES OF ORIGIN IN THE FREE TRA

• 28 January 2024

On 30 November 2023, the Ministry of Health promulgated Circular No. 23/2023/TT-BYT which becomes effective on 15 January 2024. This Circular introduces a number of noteworthy amendments to Circular No. 01/2018/TT-BYT regulating the labelling drugs.

• 28 January 2024

1 GOVERNMENT ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 05/2024/NĐ-CP Ha Noi, 24 January 2024 DECREE ON SPECIAL PREFERENTIAL IMPORT TARIFFS OF VIETNAM TO IMPLEMENT THE AGREEMENT ON PROMOTING BILATERAL TRADE BETWEEN THE GOVERNMENT OF THE SOCIALIST REPUBLIC OF VIETNAM AND THE GOVERNMENT OF THE KINGDOM OF CAMBODIA FOR THE PERIOD

• 24 January 2024

On 1 January 2024, Decree No. 77/2023/ND-CP issued by the Government governing the importation of remanufactured goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) comes into force.

• 20 January 2024

1 LAW ON CREDIT INSTITUTIONS (18 January 2024) 2 CHAPTER I ............................................................................................................................................................... 9 GENERAL PROVISIONS ..................................................................................

• 18 January 2024