Legal, Labor and Tax Updates August 2019

THIS UPDATE INCLUDES THE FOLLOWING CONTENTS

NEW LEGAL INSTRUMENTS

31 July 2019| Decree No. 67/2019 / ND-CP prescribing charges for granting mining right and calculation methods thereof

26 June 2019 | Circular No. 06/2019/TT-NHNN guiding the foreign exchange management for the foreign direct investment in Vietnam

30 July 2019| Circular No. 12/2019/TT-BCT prescribing rules of origin in the master agreement on comprehensive economic co-operation between the Association of South East Asian Nations and the People’s Republic of China

08 August 2019| Circular No. 48/2019/TT-BTC guiding the appropriation and treatment of allowances for inventories, investment loss, doubtful debts and warranty for products, goods, services and construction works at enterprises

GUIDANCE

22 July 2019 | Official Letter No. 2875/TCT-DNNCN guiding the PIT for rewarding a tourism trip under a promotion program

31 July 2019 | Official Letter No. 2969/TCT-DNNCN guiding the PIT declarations when non-resident individuals transfer shares to non-resident individuals

01 August 2019 | Official Letter No. 3002/TCT-DNL guiding the determination of interest expenses under Clause 3, Article 8 of Decree 20/2017/ND-CP