Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter August 2013

Our Part I of this Legal Newsletter introduces a legal article titled “The revised policy on value added tax of Vietnam” by our Lawyer Nguyen Thi Phuong Chung. In this article, we gave some opinion on the change in value added tax, especially VAT issues in relation to the land in real estate business in Vietnam in Circular 65/2013/TT-BTC issued by the Ministry of Finance.

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

  1. A detailed guidance for the price appraisal.
  2. Compulsory share purchase of and capital contribution to the credit institution under special control.
  3. Foreign exchange control with regard to issuance of international bonds by the enterprises that are not guaranteed by the Government.
  4. Report on implementation of the investment in construction and business of the real estate projects.

Our Question and Answer section in the Part III will provide you with legal information regarding to the payment of salary, bonus and allowance in foreign currency to the foreign experts working for enterprises in Vietnam.

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

The last part of this month’s Newsletter, we are pleased to announce new personnel – Dr. Le Thi Anh Nguyet, who officially joined the P&P on September 1st 2013.

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

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