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Official Gazette

Saturday, January 23, 2021
Tags: PIT
New regulations on tax administration New regulations on tax administration
The guiding text of the 2019 Law on Tax Administration has recently been issued by the Government with a series of new provisions designed to create convenience for taxpayers and reduce tax-related compliance costs while increasing the effectiveness of tax administration activities.
Shaping a legal framework for cryptoassets in Vietnam Shaping a legal framework for cryptoassets in Vietnam
For the time being, there has been no unified definition of “cryptoasset” or “digital asset” or “virtual asset” in the world. According to the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, “a virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.”[1] Canada’s model legislation regarding digital assets, the Uniform Access to Digital Assets by Fiduciaries Act, defines “a digital asset” as “a record that is created, recorded, transmitted or stored in digital or other intangible form by electronic, magnetic or optical means or by any other similar means.”[2] Cryptocurrency (or virtual currency) is a form of cryptoassets (or virtual assets). There is also no unified definition of this term in the world.
Increasing environmental protection tax: causes and effects Increasing environmental protection tax: causes and effects
The National Assembly Standing Committee adopted last month a resolution increasing the environmental protection tax on petroleum products from January 1 next year.
Tax and investment changes concern foreign firms Tax and investment changes concern foreign firms
The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Vietnam, said Bui Ngoc Tuan, deputy general director of the Audit and Advisory firm Deloitte Vietnam at a workshop on Tuesday in Hanoi. 
Two options on revision of personal income tax proposed Two options on revision of personal income tax proposed
The Ministry of Finance (MOF) has recently made two options on revision of the Personal Income Tax (PIT) Law.
Agricultural rites of Kho ethnic group Agricultural rites of K’ho ethnic group
Like other ethnic groups living in Truong Son - Tay Nguyen (Long Mountain - Highlands) region, the K’ho, also known as Co Ho or Ko Ho, practice polytheism, worshipping multiple “yang” (deities). This originates from the primitive perception of people who lead a poor life dependent on nature and always affected with diseases and therefore need the support of many deities.
Corruption in land-related projects and ways to address it from socially structured perspectives Corruption in land-related projects and ways to address it from socially structured perspectives
Much analysis of anti-corruption reforms emphasizes the importance of improving transparency, public participation and accountability. What is often absent from this analysis is an acknowledgment that corruption is socially constructed; state and non-state actors frequently have different understandings about what constitutes corrupt behavior.
Nung ceremony upholds a childs learning Nung ceremony upholds a child’s learning
The Nung, a Tay-Thai language group living in the northeastern region, has a special ceremony called cha le pit chia which is held exclusively for a child predestined to be an outstanding student.
Decision No. 403/QD-TTg of March 14 2016 Decision No. 403/QD-TTg of March 14, 2016
Approving the adjusted master plan on development of Vietnam’s coal industry through 2020, with prospects toward 2030 taken into consideration
Legal documents issued from February 22 thru 28 Legal documents issued from February 22 thru 28
From February 22 thru 28, seven legal documents were issued.

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