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New Code of ethics for professional accountants and auditors

The new Code of ethics for professional accountants and auditors in Circular No. 70/2015/TT-BTC promulgates has replaced the old Code in Decision No. 87/2005/QĐ-BTC.

New templates of contracts for real estate trading

From November 1, 2015, new templates of contracts for real estate trading shall be used as prescribed in Decree No. 76/2015/ND-CP providing guidance on Law on real estate trading 2014.

New Circular on change in import rate

On August 27, 2015, the Ministry of Finance issued Circular No. 131/2015/TT-BTC on change in preferential import tax rate imposed on synthetic staple fibres of polyesters of HS Code 5503.20.00.

Foreign holdings on Vietnam’s securities market

The Ministry of Finance has just promulgated Circular No. 123/2015/TT-BTC on foreign holdings on Vietnam’s securities market as follows:

Contract notarization fee rises

Pursuant to the Joint Circular No. 115/2015/TTLT-BTC-BTP of the Ministry of Finance and the Ministry of Justice dated August 11, 2015, certain types of notary public fees are going to increase. Details are given as follows:

New list of exported and imported commodities now available

On July 01, 2015, the Ministry of Finance promulgated Vietnam’s list of exported and imported commodities together with Circular No. 103/2015/TT-BTC. The Circular has two appendices:

New guidelines for personal income tax

The Ministry of Finance has just issued Circular No. 92/2015/TT-BTC to provide new guidelines for taxes. The Circular contains:

Entry and exit permits to be valid for 03 years

According to Circular No. 31/2015/TT-BCA issued recently by the Ministry of Public Security, exit and entry permits will be valid for 03 years. Lost or damaged permits may be reissued.

Conditions for occupational accident benefits

According to the Law on Occupational hygiene and safety 2015, any employee having occupational accident and occupational disease insurance shall receive occupational accident benefits if all of the conditions below are satisfied:

Community to supervise state budget

That is the remarkable issue in Article 16 of the Law on State budget 2015.

Additional articles applying special preferential rates of import duty

The Ministry of Finance has issued Circular No. 101/2015/TT-BTC on additional groups of articles and special preferential rates of import duty applied to materials, supplies, components, and ancillary parts serving manufacture of IT products.

Guidance on calculation of overtime pay

On June 23, 2015, the Ministry of Labor, War Invalids and Social Affairs issued Circular No. 23/2015/TT-BLĐTBXH on guidelines for some Articles on salaries of Decree No. 05/2015/NĐ-CP. According to the Circular:

New regulations of Laws effective from July 01, 2015

Below are the Laws effective from July 01, 2015:

New guidance on corporate income tax

On June 22, 2015, the Ministry of Finance issued Circular No. 96/2015/TT-BTC on guidelines for corporate income tax of Decree No.12/2015/ND-CP, amendment and supplementation to some contents of Circulars about tax. According to the Circular:

Specific regulations on invitation to bid for goods supply

On June 16, 2015, the Ministry of Planning and Investment issued Circular No. 05/2015/TT-BKHĐT on making of invitation to bid for goods supply. According to the Circular:

New instructions on construction project management

The Government has just issued Decree No. 59/2015/NĐ-CP which provides instructions on construction project management. According to the Decree, projects are classified as follows:

Application for licenses for automatic import of steel products

On June 12, 2015, the Ministry of Industry and Trade issued Circular No. 12/2015/TT-BCT on application for licenses for automatic import of some steel products.

Increase in concessional loans for agriculture and rural areas

From July 25, 2015, according to Decree No. 55/2015/NĐ-CP, concessional loans for entities engaged in agriculture or operating in rural areas will be increased.

Fees for licensing chemical manufacturing and chemical trading

From July 20, 2015, the fee for issuance of a license for manufacturing or trading of chemicals on the List of industrial chemicals restricted from manufacturing and trading shall comply with Circular No. 85/2015/TT-BTC .

Cooperation in scientific and technological research by 2020

Objectives of bilateral and multilateral cooperation in scientific and technological research by 2020 are selected according to the principles mentioned in Article 4 of Circular No. 08/2015/TT-BKHCN and must satisfy the following conditions:

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