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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