Category Archives: Latest Legal Newsbriefs

Decree 119/2018/ND-CP about the electronic invoice

On 12 September 2018, the Government issued Decree No. 119/2018/ND-CP (“Decree 119”) regulating about electronic invoice when selling goods and providing services, effective from 01 November 2018 as follow: Accordingly, when selling goods or providing services, sellers (except for business households and individuals specified in Clause 6, Article 12 of this Decree 119) shall have […]

Customs Headlines 11 June 2018

Circular No. 38/2018/TT-BTC (Cir. 38), provides provision on determining origin of imported goods, has following notable points: (1) Certificate of Origin (C/O) is required to be submitted to Customs authority in the following cases: – Imported goods, which wish to enjoy special preferential duty, are originated from member countries of trade agreements in which Vietnam […]

Decision No. 27/2018/QD-Ttg promulgating System of Vietnam Economic Sectors

On 6 July 2018, the Prime Minister approved Decision No. 27/2018/QD-Ttg promulgating a new System of Vietnam economic sector, effective from 20 August 2018, replacing old system that is promulgated in Decision No. 10/2007/QD-TTg dated 23 January 2007 Accordingly, the new System will remain five (5) levels as the former one. However, a number of […]

An Overview of Transfer Pricing in Vietnam

Many foreign businesses delocalize their production facilities in Vietnam and charge their foreign outposts for administrative, technical, financial, and commercial services. However, financial administration teams need to be aware that their transactions must comply with the arm’s length and substance-over-form principles. Before the government released Providing tax administration applicable to enterprises having controlled transactions (‘Decree 20’) in […]