On July 29, 2022, the Government issued Decree 49/2022/ND-CP amending Decree 209/2013/ND-CP guiding the Law on Value-Added Tax, which was amended and supplemented by Decree 12/2015/ND-CP, Decree 100/2016/ND-CP and Decree 146/2017/ND-CP. The document will take effect from September 12, 2022.
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New regulations on interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches
On June 16, 2022, the Ministry of Finance issued Circular 04/2022/TT-NHNN stipulating the application of interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches (Circular 04/2022) to replace Circular 04/2011/TT-NHNN (Circular 04/2011). Compared to the former one, Circular 04/2022 provides a clearer legal framework for premature withdrawal of deposits.
Read moreGuidance on the use of the Science and Technology Development Fund of enterprises
To remove some obstacles and difficulties for enterprises in using the Science and Technology Development Fund, the Ministry of Science and Technology has issued Circular 05/2022/TT-BKHCN guiding the use of the Science and Technology Development Fund of enterprises (Circular 05). Circular 05 takes effect from June 1, 2022, replacing and abrogating several regulations set forth in Joint Circular 12/2016/TTLT-BKHCN-BTC guiding the allocation and management of S&T Development Fund of enterprises and shall apply to the use of Science and Technology Development Fund from the corporate income tax period of 2022.
Read moreGuidelines on support for small and medium-sized enterprises
On May 10, 2022, the Minister of Planning and Investment promulgated Circular 06/2022/TT-BKHDT guiding the implementation of Decree 80/2021/ND-CP providing details for the Law on Support for Small and Medium-Sized Enterprises (SMEs). The Circular comes into effect from June 25, 2022.
Read moreRegulations on statutory minimum wages paid to employees working under labor contracts
On June 12, 2022, the Government issued Decree 38/2022/ND-CP prescribing statutory minimum wages paid to employees working under labor contracts to replace Decree 90/2019/ND-CP.
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