Legal Calendar 2023: Submission deadline for tax declarations and labor reports

LuatVietnam has updated the Legal Calendar 2023 with the submission deadline for tax declarations and labor reports for all enterprises.

04/01/2023

The deadline for personal income tax 2023

Personal income tax (PIT) payers must know clearly the deadline for making a declaration and paying PIT to avoid sanctions for administrative violations in accordance with law provisions.

27/12/2022

[Updated] Region-based minimum wage levels in 2023 of 63 provinces and cities

“What are the region-based minimum wage levels in 2023?” This problem gets many concerns from employees, especially after the increase in basic wage from July 01, 2023. Here are the details of region-based minimum wage levels in 2023.

22/12/2022

Law on Anti-Money Laundering 2022: 7 remarkable new points

In order to ensure money security, and national financial safety, and contribute to the improvement in anti-money laundering and anti-corruption, the National Assembly has approved the Law on Anti-Money Laundering 2022 which takes effect on March 2023. Here are the remarkable new points of Law on Anti-Money Laundering 2022:

20/12/2022

3 types of payable taxes, charges for business households in 2023

In the process of production and business, households and individuals must pay taxes and charges in accordance with law provisions. Payable charges and taxes include personal income tax, valued added tax, and business license tax.

16/12/2022

4 Laws take effect on January 01, 2023 with remarkable contents

There is only 01 month left until 2023. This is the time that the 4 following Laws take effect with many remarkable contents. Let's review the remarkable contents of 4 Laws that take effect on January 01, 2023.

12/12/2022

Loss-making businesses must pay personal income tax

Regulations on personal income tax are currently amended, supplemented, or issued, however, there are many disadvantages such as taxes from loss-making security transfers, business households, or individuals.

08/12/2022

Who are the business license fee payers? What is the deadline for license fee payment?

The business license fee is the assigned amount that organizations, individuals, individual groups, and households engaged in goods production and service provision activities, excluded exempted cases. The business license fee period 2023 is assigned with a specific time in accordance with the periodical responsibilities.

01/12/2022

What is the whole tax? How is it applied to each type of incomes?

Depending on the sources of each type of income, payable incomes can be calculated in accordance with the partially progressive tax tariff or whole progressive tax tariff. In order to understand the definition of the whole tax which is applicable to all types of income tax, please follow this article.

28/11/2022

What is the basic wage? What are the differences between basic wage and region-based minimum wage?

Recently, the basic wage which is increased by VND 310,000/month has had a great effect on the incomes of many people in this society. So, what is the basic wage? What are the subjects of basic wages?

25/11/2022

What is the personal income tax? Who must pay the personal income tax?

Personal income tax (PIT) is a popular type of tax, at the same time, this is an important revenue to the state budget. However, not everyone knows what is personal income tax and who must pay the personal income tax.

21/11/2022

10 new trademark provisions in Vietnam's 2022

Intellectual property is regarded as a company's most important and valuable asset. In particular, it cannot be denied that a trademark is the industrial property object with the highest commercial exploitation value. Numerous amendments and additions have been made to Vietnam's 2022 Intellectual Property Law in order to improve the effectiveness of the intellectual property protection mechanism and fulfill Vietnam's legal obligations under International intellectual property agreements to which Vietnam is a signatory, including CPTPP, EVFTA, and RCEP...

18/11/2022

12 critical patent provisions in Vietnam’s 2022 amended IP Law

The Amended IP Law of 2022 contains extensive amendments which are considered a major overhaul of the current Vietnamese patent system. Hereunder are 12 key provisions adopted from the amended IP law concerning patent-related matters for your consideration.

18/11/2022

Conditions, procedure for capital contribution by land use rights

Capital contribution by land use rights is a form of land use right transfer and this form is more popular than capital contribution by money. It is compulsory to update the changes and modifications in accordance with law provisions when making a capital contribution by land use rights.

15/11/2022

Form for suspending the use of e-invoice issued by the Ministry of Finance

This post introduces the latest form of suspending the use of e-invoices and more information on the procedure, and process of informing the suspension of the use of e-invoices.

14/11/2022

5 cases for construction of works are not permitted

A construction permit is the first required condition before starting construction of works, however, everybody should pay much attention to the cases for construction of works that are not permitted (residential houses or others).

10/11/2022

The adjustment of an e-invoice: When is an e-invoice adjusted? How is the procedure?

Adjustment of an e-invoice is one of the methods when having e-invoices containing errors in order to help sellers to adjust the errors in e-invoice in accordance with law provisions and current situations.

08/11/2022

How old are the working ages in Vietnam?

Working age is one of the important bases for defining whether employees are eligible for signing the labor contract or not. In accordance with current regulations, how old are the working ages in Vietnam?

04/11/2022

Analysis of Decree No. 91/2022/ND-CP: Many changes in tax administration

Decree No. 91/2022/ND-CP on amending and supplementing a number of articles of Decree No. 126/2020/ND-CP detailing a number of articles of the Law on Tax Administration and taking effect on October 30, 2022.

03/11/2022

Building up your brand in 20 years in Vietnam, but losing it in a few days. WHY?

It takes almost 2 years for their trademark application to be registered in Vietnam. However, developing a good brand may take five to ten years or even twenty years. If you do not have a system in place for managing your company's documentation, including Trademark Registration Certificates, you could lose your trademark rights within a few days.

02/11/2022

Methods of customs valuation applicable to exported goods

In order to calculate the payable export tax price, tax rate and export duty price must be known. In order to define the export duty price, it is necessary to know the principles and methods of customs valuation applicable to exported goods

31/10/2022

Hot policies take effect on November 2022

Many new policies on finance, salary, construction, or transportation shall formally take effect in November 2022. Here are the details on these policies

28/10/2022

Improper use of registered trademarks in Vietnam – Risks and solutions

After a number of years of commercializing the branded products, many trademark owners wish to refresh the look of their brands by modifying certain elements to make the mark more noticeable and approachable to the general public. Most of them believe that because they have registered a trademark, they are free to use it in whatever way they choose. This simplistic way of thinking results from a neglect for or insufficient understanding of the intellectual property requirements, which cost the trademark owner a hefty price.

27/10/2022

Does the personal income tax collection subject to monthly or quarterly declaration?

Monthly or quarterly personal income tax declaration is very important because it decides the responsibility for submitting the taxpayer’s declaration and payment and the periodical jobs that every accountant must do.

26/10/2022

What is the tax withholding of personal income tax? Must have tax declaration for not incurring withholding tax?

Tax withholding of personal income tax is applicable to various income taxes. Tax withholding for incomes from wages, and salaries is a quarterly and monthly temporary payment. So, what is the tax withholding of personal income tax? Must have tax declaration for not withholding tax?

25/10/2022

Calculation of enterprise income tax from capital transfer

Incomes from the capital transfer are the other income when calculating the enterprise income tax. It is necessary to know the calculation of the enterprise income tax from the capital transfer.

24/10/2022

Force employees to take off work to use up their leaves, is it legal?

Many employers require employees to take off work to use up their leaves in order not to pay a wage amount for the untaken leave days. Force employees to take off work to use up their leaves, is it legal?

21/10/2022

[Latest] The level of disaster management fund payment for employees

In order to support the activities in disaster prevention and fighting, employers and employees all pay for the disaster management fund in case the state budget cannot satisfy all the requirements. So, what is the level of disaster management fund payment for employees?

19/10/2022

Social insurance premium is lower than the actual wage: Is it illegal for enterprises?

Social insurance premium for an employee is a great expenditure for every enterprise. Many enterprises contribute lower social insurance premiums than the actual wage. Is it illegal for enterprises?

17/10/2022

Should a foreign company open branch or representative office?

Foreign companies have the right to establish branches or representative offices in Vietnam.

13/10/2022

Regulations of foreign enterprises in Enterprise Law 2020

Foreign investors are eligible to have an investment in Vietnam in the form of economic organizations establishment including enterprise establishment. Currently, Law on Enterprise 2020 has been having many effects on enterprise establishment in Vietnam.

11/10/2022

Public holiday leaves of foreign employees in Vietnam

Foreign employees are taking important roles in the insufficient conditions of human resources in Vietnam over the past time. How do Vietnamese laws ensure their rights by public holiday leaves?

10/10/2022

How to determine the natural resource volume used for royalties calculation?

In order to get the royalties amount payable in a period, beside royalties calculation price of natural resources and royalties rate, the volume of royalties-liable natural resources is also necessary to determine. The determination of the natural resource volume used for royalties calculation is prescribed as follows:

08/10/2022

How many days do employees have for personal leaves?

The Labor Code also prescribes personal leaves which help employees to solve personal problems besides other leaves such as Tet holiday, and vacations. So how many days do employees have for personal leaves?

07/10/2022

Every enterprise must know: Working schedule on labor - insurance

LuatVietnam shall supply the details on work performance in labor and insurance in order to help enterprises to perform work in labor and insurance before the deadlines.

06/10/2022

8 subjects entitled to monthly social allowances: Who are they?

A monthly social allowance is one of the State’s support policies for people who have difficult and extremely difficult circumstances. Here is the information on the subjects entitled to monthly social allowances in accordance with law provisions.

06/10/2022

What are jobs which require trained employees? Are trained employee’s wages higher than at least 7%?

After the issuance of Decree No. 38/2022/ND-CP, the wage payment for trained employees causes many difficulties for enterprises. How to understand the jobs which require trained employees? Whether trained employees have higher wages than others or not?

03/10/2022

Guidance for royalties calculation price of natural resources

In order to calculate the royalties amount payable in a period, it is necessary to define the volume of royalties liable natural resources, royalties calculation price of a natural resource- unit and royalties rate. Here is the guidance for royalties calculation price of natural resources.

03/10/2022

What are the import duty and export duty? Who are the dutiable objects?

Import duty and export duty are important taxes of each country and the revenue sources of the state budget. So, what are the import duty and export duty? Who are the dutiable objects of import duty and export duty?

02/10/2022

Hot policies take effect on October, 2022

What are the new legal policies applicable on October 2022? Please review the significant regulations in the bulletin as follows:

30/09/2022

Excise tax 2022: Who will pay? What is the payable excise tax amount?

Excise tax is applicable to a number of luxury goods, and services. The excise tax rate (tax rate) is relatively high compared with other taxes, even though, the excise tax rate of some goods is 150%.

29/09/2022

Priority rights in the mark registration: How to get it right?

The copies and imitations of logos and marks are more and more popular. The applicant must understand clearly and apply the priority rights in the mark registration to protect this situation.

28/09/2022

The income-based method for land pricing

There are various land pricing methods such as methods of direct comparison, subtraction method, land price adjustment coefficient method, surplus-based method, and income-based method. Here are the conditions and land pricing methods for the income-based method.

28/09/2022