Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter July 2013

Our Part I of this Legal Newsletter introduces a legal article titled “ Labour outsourcing – still wavering despite its promulgated law” written by our LLM. Partner Truong My Ly, issued in Saigon Economic Times on 25 July 2013. Through the article, we comment on a number of unclear legal issues in the new decree issued by the Government regarding the issue of labour outsourcing in Vietnam.

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

  1. A new guideline on the business of prize-winning electronic games for foreigners.
  2. Tighten outward investments of State capital
  3. Guiding the method for determining the taxable price at the request of the taxpayer or the foreign taxation authority for decisive negotiation.
  4. Some amendments to the method of determining residential land and re-settlement housing prices by the People’s Committee of Hanoi City

Our Question and Answer section in the Part III will provide you with legal information regarding to the personal income tax deduction for discretionary insurance premiums for employees such as life insurance, 24/7 casualty insurance that enterprises purchase or contribute to employees.

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 – Mr. Pham Quoc Thai, will officially join the P&P on August 1st 2013.

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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