What is corporate income tax? Corporate income tax (CIT) is a type of tax directly collected, levied directly on taxable corporate income. CIT includes incomes of enterprises from the production and trading of goods and services and other incomes as prescribed by law. CIT is calculated on the taxable income of the enterprise after deducting reasonable…
Category Archives: Blog
1. What is a place of business? A place of business (also known as a place of work) is the location that a company, shop, business, or organization chooses to conduct its business activities. This is where the company performs the tasks of producing, purchasing goods or services, managing, marketing, and interacting with customers. Choosing a…
Means of information disclosure – The website of the organization that is the subject of information disclosure; – Information disclosure system of the State Securities Commission; – Websites of the Stock Exchange, other means of disclosing information in accordance with the Regulations of the Stock Exchange; – Website of Vietnam Securities Depository and Clearing Corporation; – Other mass media as…
What is a public company? A public company is a joint stock company in 1 of the following 2 cases: The company has contributed charter capital of VND 30 billion or more and has at least 10% of the voting shares held by at least 100 investors who are not major shareholders; The company has successfully conducted an initial…
The corporate governance framework must recognize the rights of stakeholders as stipulated by law or contractual relationship and must encourage active cooperation between the company and stakeholders in creating assets, jobs and financial stability for the business. Ensure the legal rights of parties with related interests The assurance of legal rights of parties with interests related to public companies is…
Founding Council The Enterprise Law 2020 and the Law on Securities 2019 both clearly stipulate the organization of the apparatus, the organization of meetings and votes of the Board of Directors, the General Meeting of Shareholders of joint-stock companies, public joint-stock companies, and these provisions are concretized in the charter of that joint-stock company. Therefore, any…
Employee Option Program (ESOP) Stocks ESOP (Employee Stock Ownership Plan) stock is a type of stock issued under the employee option program of a public company. This is a type of preferred stock in which the company only sells preferential shares to employees at a cheaper price than the market price and is often accompanied by…
Listed shares Listed shares are a class of shares eligible for listing, which are shares issued by joint-stock companies, which have been listed on the stock market. Those shares have been subjected to the stock exchange’s strict inspection system and it has qualified to meet the trade. Conditions for listing shares for post-consolidation public companies – In…
Sub-committees of the Board of Directors in a public company – Pursuant to the provisions of Article 31 Section VII of Appendix I promulgated together with Circular 116/2020/TT-BTC, the sub-committees of the Board of Directors in public companies are as follows: “1. The Board of Directors may establish subcommittees to take charge of development policies,…
Transactions with shareholders, business managers and related persons A public company may not provide loans or guarantees to shareholders who are individuals and related persons of such shareholders who are individuals, unless the public company is a credit institution. A public company may not provide loans or guarantees to institutional shareholders and their related persons…
The Board of Directors plays an important role as the nuclear authority in a joint-stock company. This is the management body, which has the right on behalf of the company to decide and exercise the rights and obligations of the company. Play a decisive role in defining strategic objectives, while securing the financial resources and personnel needed…
Internal control is the creation and implementation of mechanisms of financial activities in the company by applying established procedures, regulations, regulations to improve the operational efficiency of the enterprise. This internal control system will monitor all aspects from employees to departments and systems of the business to minimize risks and limit the loss of company assets….
