
In this issue:
Enterprise Law No.59/2020 takes effect from 01 January 2021
- Reform administrative procedures: abolishing notice of seal, reports of changing information of company’s key titles (name, nationality, ID number…);
- Improve corporate governance ability: expanding rights and scope of shareholders…
Investment Law No.61/2020 takes effect from 01 January 2021
- Abolish 24 conditional investment business sectors: logistics, training on real estate brokerage, operating real estate trading platform, cosmetic surgery;
- Add more sectors with investment incentives: higher education, medicines storage, medical equipment production;
- Supplement regulations on investment incentives and special investment incentives for innovative start-ups, innovation centers, R&D centers.
Guiding on implementation of Decree 68/2020 on transfer pricing
For FY2017, 2018:
- Apply Point a, Clause 3 to determine deductible interest expense.
- Non-deductible related to above statement could not be carried forward.
- Model Regulation on internal audit compulsory for: Listed companies, Enterprises in which the State owns more than 50% of charter capital are parent companies operating under the parent company – subsidiary company model; State enterprises are parent companies operating after the parent company – subsidiary company model.
- The interest rate used for calculating the interest on the recoverable tax amount calculated on the part of the unused Science and Technology fund is the interest rate of one-year term treasury bonds (or the interest rate of treasury bills of one-year term). The latest day when the State Treasury issued the interest rate schedule is August 19, 2014, the enterprise will apply the interest rate at this time of 4.59% / year.
Other Documents:
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