On March 3, 2023, the Ministry of Construction issued Circular 02/2023/TT-BXD guiding some contents of construction contracts (Circular 02), replacing Circular 07/2016/TT-BXD, Circular 08/2016/TT-BXD, Circular 09/2016/TT-BXD and Circular 30/2016/TT-BXD. Circular 02 will take effect from April 20, 2023.
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Extension of payment deadline of value-added tax, corporate income tax, personal income tax, and land rent for 2023
On April 14, 2023, the Government promulgated Decree 12/2023/ND-CP on extending the deadline for payment of value added tax, corporate income tax, personal income tax, and land rent for 2023 to support people, enterprises, promote production and business. Decree 12 takes effect from April 14, 2023 until the end of December 31, 2023.
Read moreNew regulations on private placement and trading of privately placed corporate bonds in domestic market
On May 3, 2023, the Government issued Decree 08/2023/ND-CP amending and supplementing Decree 153/2020/ND-CP and Decree 65/2022/ND-CP, and suspending the effectiveness of a number of articles in Decree 65/2022/ND-CP related to private placement and trading of corporate bonds in domestic market and offering of corporate bonds in international market.
Read moreSome notable contents of the Draft Decree amending and supplementing Decrees on collection of land use levy, collection of land and water surface rent
Currently, the Ministry of Finance is developing a draft Decree amending and supplementing the Decrees on collection of land use levy, land and water surface rent to (i) resolve some difficulties and obstacles in the actual process of collecting land use levy/land rents, and (ii) ensure effective exploitation, utilization of land resources and effective mobilization of revenue from land for the state budget.
Read moreProvisions on estimate preparation, use management and expenditure finalization of State budget funds for science and technology tasks
On January 10, 2023, the Minister of Finance issued Circular 03/2023/TT-BTC stipulating the estimate preparation, use management and expenditure finalization of State budget funds for science and technology tasks (Circular 03). Accordingly, Circular 03 has abolished a number of relevant provisions in Joint Circular 55/2015/TTLT-BTC-BHKCN and Joint Circular 27/2015/TTLT-BHKCN-BTC. Although the scope of governance of Circular 03 focuses on the estimate preparation, use management and expenditure finalization of State budget funds for science and technology tasks, the Ministry of Finance encourages organizations to use funds other than the State budget for science and technology tasks as prescribed in this Circular.
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