Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter August 2010

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “2% or 25%?” written by our Mr. Nguyen Huu Phuoc. By this article, we give more comments on some shortcomings of two ways of determining personal income tax for the real estate transfer under the applicable laws.

In Part II, we would like to provide you with some notable regulations as follows:

  1. Remarkable points of new Decree guiding the Law on Import and Export Duties.
  2. Guidance on offer to sale and listing of securities in Vietnam by foreign issuing organizations are now available.
  3. The maximum fine applicable to an administrative offence in relation to social insurance is 30,000,000 VND.
  4. Dealing with taxes, invoices in case of transfer of the contract of purchasing real estates by a client contributing capital to purchase real estates to other organizations, individuals.

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.

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