NEW POLICIES TAKE EFFECT IN FEBRUARY 2017
New regulations on e-visas for foreigners, sanctioning of administrative violations in the field of environmental protection, duty-free goods and business in prize-winning electronic games for foreigners will come into effect since February 2017.
POLICIES FOR FOREIGNERS COME INTO EFFECT IN 2016 (PART 2)
A series of regulations on foreign workers, personal income tax exemptions for experts of UN, NGOs, number of apartments owned by foreigners, management of foreign construction contractors and foreign insurance business providing trans-border insurance services have taken into effect since the second half of 2016.
EFFECTIVE POLICIES RELATING TO FOREIGN ELEMENTS IN 2016 (PART 1)
A string of new policies on civil status registration, employment, escorted transfer of violators, and individual income exemption involving foreign elements came into effect in 2016.
DELOITTE: UPDATE ON GENERAL DEPARTMENT OF CUSTOMS (GDC) WORKSHOP IN APRIL 2016
[30-05-2016] Recently, the General Department of Customs (“GDC”) has held an internal workshop in Binh Duong with the attendance of all provincial customs authorities to share experience and discuss the customs inspection implementation of Circular 38 on customs compliance checking.
DELOITTE: LAW ON EXPORT & IMPORT DUTIES 2016
[15-04-2016] On April 6, 2016, The National Assembly has passed the Law on Export & Import Duties 2016, with various changes which may have significant impacts on your import/export activities. The new Law shall take effect from September 1, 2016, replacing the Law on Export & Import Duties No. 45/2005/QH11. Accordingly, Deloitte would like to summarize some notable points of the new Law in the attached Alert for your information.
DELOITTE: GUIDANCE ON VAT AND CIT FOR SUPPORTING INDUSTRY
[05-04-2016] On 5 February 2016, the Ministry of Finance issued Circular No. 21/2016/TT-BTC (“Circular 21”) providing detailed guidance on VAT declaration and CIT incentives for organizations and individuals having income from supporting industry as stipulated under Decree No. 111/2015/ND-CP dated 3 November 2015. Circular 21 will be effective from 1 April 2016. Accordingly, Deloitte would like to summarize some notable points of Circular 21 in the attached Alert for your information.
NEW REGULATIONS GOVERN GRANTING OF WORK PERMITS
[02-03-2016] Decree No 11/2016/ND-CP, dated February 3, 2016, which details the implementation of granting of work permits to foreign nationals working in Viet Nam, has replaced Decree No 102/2013/ND-CP.
CONTRACTS IN VIETNAM THAT DENOMINATE PAYMENT IN FOREIGN CURRENCY ARE VOID UNDER VIETNAMESE LAW
[07-03-2016] This means that parties to such contracts will have to be returned to their original positions as if the transactions have not occurred. The Foreign Exchange Ordinance of 2005 of Vietnam as amended in 2013 and the relevant guiding laws require all civil contracts in Vietnam that contain payment provisions to be denominated and paid in Vietnamese Dong (VND).
