On November 26, 2024, the National Assembly enacted the Law on Value Added Tax 2024 (the Law on VAT 2024), replacing the Law on Value Added Tax 2008 and its amendments and supplements. The Law on VAT 2024 is developed and promulgated with the aim of refining VAT policies to enhance and broaden revenue sources, stabilize state budget revenues, address the recent issues in implementing the previous Law on VAT, as well as reform administrative procedures to facilitate and protect the rights of taxpayers. The Law will take effect from July 1, 2025.
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Highlights of the Law on Health Insurance 2024
Participating in health insurance is one of the fundamental rights of citizens, which has been stipulated in the Law on Health Insurance 2008 and its guiding documents. However, after 15 years of implementation, the Law on Health Insurance 2008 has revealed certain limitations and shortcomings. As a result, on November 27, 2024, the National Assembly issued Law No. 51/2024/QH15 to amend and supplement several provisions of the Law on Health Insurance 2008 (Law on Health Insurance 2024).
Read moreNew regulations of Law on Trade Union 2024
On November 27, 2024, the National Assembly promulgated the Law on Trade Union No. 50/2024/QH15, replacing the Law on Trade Union 2012 (Law on Trade Union 2024). This Law is promulgated to overcome the limitations and inadequacies of the Law on Trade Union 2012 after more than 10 years of implementation, such as: some matters regarding the organizational system, financial mechanism, trade union rights, etc.. In addition, the Law on Trade Union 2024 aims to institutionalize the Constitution 2013, policies and resolutions of the Party and ensure the consistency of the legal system. The Law on Trade Union 2024 will take effect from July 1, 2025.
Read moreSome new regulations on information disclosure and report on corporate bond offering and trading
On November 6, 2024, the Minister of Finance issued Circular 76/2024/TT-BTC guiding the information disclosure and report on offering and trading privately-placed corporate bonds in the domestic market and offering corporate bonds to the international market.
Read moreOutstanding points of the circular on quality management of construction materials
On November 1, 2024, the Ministry of Construction issued Circular 10/2024/TT-BXD (Circular 10) providing regulations on managing construction material (CM) product and commodity quality. Circular 10 takes effect from December 16, 2024.
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