Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter November 2010

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “VAT incentive for exported services: Being stuck in many ways” written by our Mr. Nguyen Huu Phuoc. By this article, we give more comments on the VAT imposed on exported services under the current laws.

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

  1. New regulations on minimum area wage rates.
  2. To repeal the regulations on temporary remittance of profit overseas every quarter or every six months for foreign direct investment.
  3. Enterprises can register, declare and pay taxes via electronic means.
  4. The equity of an investor in a project must be a minimum of 30% of the private participating portion in the investment project under the form of public-private partnership.

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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