1. Subjects and time limit for transaction registration Pursuant to Clause 1, Article 133 of Decree 155/2020/ND-CP as follows: – Public companies that are not listed on the Stock Exchange; – The company is delisted compulsorily or voluntarily delisted but still meets the conditions of being a public company; – Equitized enterprises are subject to transaction registration in…
Category Archives: Blog
Concept License tax (or license fee) is a type of direct tax collected annually by individuals, business households, organizations producing and trading in goods and services on the basis of investment capital or charter capital and revenue to the direct tax administration agency. Subjects subject to license tax (fee) Pursuant to Article 2 of Decree…
What is adjustment of investment certificate? Pursuant to Clause 11 Article 3 of the Law on Investment 2020 stipulates the Investment Registration Certificate as follows: “An investment registration certificate is a paper or electronic document recording the investor’s registration information about an investment project.” Adjustment of the Investment Certificate is a procedure carried out at the investment registration…
1. GeneralMeeting of Shareholders According to Article 273 of Decree 155/2020/ND-CP stipulates as follows: − The Board of Directors, the Supervisory Board and the convener of the General Meeting of Shareholders must fully comply with the order and procedures for convening the General Meeting of Shareholders in accordance with the Law on Enterprises, the company’s charter and internal…
1. Concept Logistics services are commercial activities, whereby traders organize to perform one or more jobs including receiving, transporting, warehousing, warehousing, carrying out customs procedures, other paperwork, consulting customers, packaging, marking codes, delivering goods or other services related to goods as agreed with customers pay. 2. Logistics business conditions for foreign investors General conditions Traders providing…
Concept Personal income tax (hereinafter referred to as PIT for short) is a compulsory state budget payment for individuals when they have taxable income in accordance with the tax law. Taxpayers of personal income tax According to Article 2 of the PIT Law promulgated and amended in 2012, there are regulations on 2 subjects subject to personal income tax as…
What is a foreign company representative office? A foreign company representative office is an entity established by a foreign company in another country to represent the parent company (foreign company) in carrying out certain specific activities entrusted by the parent company. A representative office is not allowed to carry out direct business but it usually…
Conditions for private placement of shares Pursuant to Clause 1, Article 31 of the Law on Securities 2019 as follows: There is a decision of the General Meeting of Shareholders approving the plan to issue and use the proceeds from the offering; clearly define the criteria and number of investors; Participants in the offering only include strategic investors…
In the current challenging and difficult economic context, many businesses are in a state of financial crisis, insufficient budget to pay salaries to employees, make due payments as well as other financial obligations to the State. Faced with this situation, many businesses have been forced to carry out bankruptcy processes to protect the rights and interests…
Transfer of shares/contributed capital Medical work In case the Investor is a founding shareholder and holds ordinary shares, within 03 years from the date the company is granted the Enterprise Registration Certificate, the investor is free to transfer ordinary shares to other founding shareholders and may only transfer them to a person who is not a…
1. Concept According to Clause 21 Article 3 of the 2020 Investment Law, an economic organization is an organization established and operating in accordance with the provisions of Vietnamese law, including enterprises, cooperatives, cooperative unions and other organizations conducting business investment activities. From the above provisions, it can be understood that economic organizations must be…
Agricultural land use tax Does agricultural land have to pay tax? Agricultural land used for agricultural production must be taxed by organizations and individuals using such land (also collectively referred to as tax-paying households). In particular, in case of being assigned the right to use agricultural land but not using it, this household still has to…
