Category: Law Documents

Choosing the new method of payment for foreign contract tax

Choosing the new method of payment for foreign contract tax

According to the Official Letter No. 2575 / TCT-CS dated 28/06/2018 on the contractor’s tax policy:

To avoid the foreign contractors declaring, paying the VAT and CIT inconsistencies for different contractor contracts, in Clause 5, Article 20 of the Circular No. 156/2013 / TT-BTC mentioned above, Foreign contractors must continue to pay tax according to the registered tax payment method, in which case they may choose to register the new method of tax payment (in principle, if they have not yet terminated the contract of the former contractor, when signing the house contract new contractors, foreign contractors will have to continue to pay taxes on the new contract under the method registered for the old contract to ensure uniformity)

Starting a law firm: The legally-binding requirement concerning at least 02 years’ experience in practicing law is waived

Starting a law firm: The legally-binding requirement concerning at least 02 years’ experience in practicing law is waived

Starting a law firm: The legally-binding requirement concerning at least 02 years’ experience in practicing law is waived

On June 8, 2018, the Ministry of Justice issued the Decision No. 1319/QD-BTP on approval of the plan for streamlining of business requirements that fall under its jurisdiction.

Subject to this Decision, when establishing a justice sector entity, certain requirements mentioned below have been abolished:

– In case of establishment of a law-practicing entity

The requirement concerning at least 02 successive years’ experience in practicing law under an employment contract with a law-practicing entity, or in individually practicing law under an employment contract with another entity or organization as stipulated in the Law on Lawyers, has been eliminated.

– In case of establishment of a foreign law-practicing entity

In order to be eligible for becoming the Head of a law branch or the Director of a law company, he/she is not legally bound to gain 02 successive years’ experience in practicing as a lawyer.

– In case of establishment of a private notary public office

The legally-binding requirement prescribing that a private notary public office must be established in accordance with the Law on Notary Public Services and the Law on Planning has been repealed.

For more details, please read the Decision No. 1319/QD-BTP that has entered into force since the signature date.