News Letter – Nov 2019

In this issue:

Labor welfare

DECREE NO. 90/2019/ND-CP — Increase the region-based minimum wages;

OFFICIAL LETTER NO. 4641/TCT-DNNCN — Wages for overtime working hours exceeding 200hrs/yr (300hrs/yr) will not be exempted from PIT;

OFFICIAL LETTER NO. 611/QHLDTL-CSLD — Annual leave days for employees.

Bill of Law on Enterprises

BILL OF LAW ON ENTERPRISES — Enterprises may no longer need seals.

Other documents

NOTICE NO. 407/TB-VPCP — Command Ministry of Finance to:

• Amend regulations on enterprises engaged in transfer pricing, especially interest rate cap;
• Guide Law on Tax Adminitration No. 38/2019/QH14 concerning enterprises engaged in transfer pricing