New circular introduces key corporate-income tax changes
(Jul 29, 2015)
On June 22, 2015, the finance ministry issued Circular 96/2015/TT-BTC,
guiding the corporate income tax regime in Decree 12/2015/ND-CP ("Decree
12") of the government, dated February 12, 2015.
Ever since Viet Nam joined the World Trade Organisation (WTO) on January
11, 2007, foreign investors have been allowed to co-operate with
Vietnamese advertising firms through joint ventures or business
co-operation contracts (BCC).
Cash flows into or out of Viet Nam relating to foreign direct investment
(FDI) activities are always of significant interest to not only foreign
investors, but state agencies also.
Enterprises violating the law while engaging in promotional activities
may face administrative penalties and/or additional sanctions. They will
be required to take remedial measures or suspend promotional
activities, depending on the severity of their act.
The Ministry of Planning and Investment has publicised norms for 267
conditional business areas to help enterprises meet requirements under
the revised Investment Law which takes effect from July 1
The new real estate business law, which comes into effect on July 1,
includes certain important changes that are expected to have huge
impacts on the real estate market.
Prime Minister Nguyen Tan Dung has agreed to allow investors to
contribute capital through real estate to create a real estate
The Government issued Decree No. 60/2015/ND-CP on June 26, 2015, to
amend Government Decree No. 58/2012/ND-CP (20 July 2012) implementing
the Law on Securities - and its amendment.
The supervision of foreign-invested projects in Viet Nam will become
tighter if a draft decree of the Ministry of Planning and Investment is
New points in the Investment and Enterprise Law 2014, which go into
effect next month, caught the attention of business players attending a
seminar in HC M City yesterday.
On May 5, 2015, the government enacted decree 42/2015/ND-CP on
derivative securities and the derivative securities market ("Decree