With Decree 29, the government of Vietnam instructed the local authorities to strictly supervise and evaluate foreign investments.

The Foreign Contractor Withholding Tax applies to certain payments by a Vietnamese contracting party to foreign parties earning income from Vietnam without setting up a legal entity in Vietnam.

On 23 August 2022, the General Department of Customs issued the Official Letter No. 3489/TCHQ-TXNK with new guidance on the declaration of royalty for imported goods.

News on trade and customs developments from all over the world

Post-Covid Asia Pacific recovery promises new opportunities for businesses. However, the need to replenish coffers, the changing international tax and geo-political landscape will pose challenges for tax regulators and tax leaders.

Decree No. 152/2020/ND-CP (“Decree 152”) came into effect on 15 February 2021 and made the conditions for obtaining a work permit (“WP”) stricter.

The Global Mobility environment is changing in a dynamic way.

Decree 111/2021/NF-CP on goods labeling came into effect on 15 February 2022 and has eliminated some uncertainties.

News on trade and customs developments from all over the world

Monday, 20 June 2022

The regular VAT rate of 10% is reduced to 8% from 1 February 2022 until the end of 2022.

This booklet offers you a brief overview of tax, social security and immigration related matters you might consider for your cross-border work.