1. What is value-added tax Article 2, Law on Value Added Tax 2008 prescribes that: “Value-added tax is a tax imposed on the added value of goods or services arising in the process from production, circulation to consumption.” Therefore, Value Added Tax (or VAT) is charged only on the increase in value at each stage […]
When the State recovers land for public purposes, infrastructure development, or national projects, affected landowners and users are entitled to compensation under specific legal conditions. Understanding these conditions is crucial for ensuring fair treatment and compliance with the law. According to Clause 1, Article 95 of the Land Law 2024, those eligible for land-related compensation […]
In Vietnam, foreign companies or individuals conducting business or providing services within the country are subject to specific tax regulations. One of the key taxes they must comply with is the Foreigner Contractor Tax (FCT). This tax applies to foreign contractors and subcontractors working in Vietnam, covering both income earned within the country and the […]
The dissolution of enterprises in Vietnam refers to the legal process by which a business entity officially ceases operations and is removed from the registry of businesses maintained by the Vietnamese government. The process is governed by the Law on Enterprises 2020 (effective from January 1, 2021), along with related regulations, and involves specific steps […]
Businesses use ESOP issuance as a vital instrument to both attract investment capital and retain employees. However, the issuance procedure is complicated and requires businesses to thoroughly assess their financial situation and development strategy in addition to adhering to stringent legal rules. Companies must fully comprehend the essential elements before choosing to adopt an ESOP […]
The carbon market is one of the key tools for reducing greenhouse gas (GHG) emissions, supporting the transition to a green economy, and promoting sustainable development. In Vietnam, the development of the carbon market has been initiated with various legal frameworks, such as Decree No. 06/2022/ND-CP, but it still faces significant challenges. Let’s explore the […]