The new policy of the State of Vietnam took effect from July and August 2020
15:36 03/09/2020

Commerce

-  European Union - Vietnam Free Trade Agreement (EVFTA). Effective date: 01/08/2020.

- Circular 11/2020/TT-BCT regulating the Rules of origin in the European Union - Vietnam Free Trade Agreement issued by the Ministry of Industry and Trade . Effective date: 01/08/2020.

- Decree 67/2020/ND-CP amending the Decree 68/2016/ND-CP on prescribing conditions on trading of duty-free goods, operation of warehouses, storing yards, and places for customs clearance, goods gathering and customs inspection and supervision. Effective date: 10/08/2020.

Import and export

- Circular 42/2020/TT-BTC regulating information criteria and declaration forms to carry out the goods transit procedures as stipulated in the Decree 46/2020/ND-CP on customs procedures, customs inspection and supervision of goods in transit through the ASEAN Customs Transit System to implement the Protocol 7 on the Customs Transit System issued by the Minister of Finance. Effective date: 06/07/2020.

- Decree 57/2020/ND-CP amending the Decree 122/2016/ND-CP on Export Tariff, Preferential Import Tariff, List of Goods and Absolute, Mixed and out-of-quota import duty rates and the Decree 125/2017/ND-CP amending the Decree 122/2016/ND-CP. Effective date: 10/07/2020.

Taxes - Fees - Charges

- Circular 31/2020/TT-BTC amending the Circular 263/2016/TT-BTC stipulating the fees and charges relating to industrial property rights, collection, transfer, management and use thereof issued by the Ministry of Finance. Effective date: 01/07/2020

- Resolution 954/2020/UBTVQH14 on adjustment of family circumstance deduction level of personal income tax issued by the Standing Committee of the National Assembly . Effective date: 01/07/2020.

- Resolution 94/2019/QH14 on freezing tax arrears, remission of fines for late payment interest, late payment interest for taxpayers who are unable to pay to the state budget issued by the National Assembly. Effective date: 01/07/2020.

- Decree 53/2020/ND-CP regulating environmental protection fees for wastewater. Effective date: 01/07/2020.

- Circular 41/2020/TT-BTC amending the Circular 219/2016/TT-BTC regulating the rates, collection, transfer, management and use of fees and charges in the field of entry, exit, transit and residence in Vietnam issued by the Ministry of Finance. Effective date: 01/08/2020.

- Resolution 116/2020/QH14 on reducing corporate income tax payable in 2020 for enterprises, cooperatives, non-business units and other organizations issued by the National Assembly. Effective date: 03/08/2020.

Insurance

- Decree 58/2020/ND-CP regulating the rates of compulsory social insurance contribution to the Occupational Accident and Diseases benefit fund. Effective date: 15/07/2020.

- Decree 61/2020/ND-CP amending the Decree 28/2015/ND-CP guiding the Law on Employment regarding unemployment insurance. Effective date: 15/07/2020.

Labor - Wage

Circular 12/2020/TT-BCT amending the Circular 09/2017/TT-BCT regulating the technical inspection of occupational safety under the management of the Ministry of Industry and Trade and some inspection procedures promulgated together with the Circular 10/2017/TT-BCT on procedures for technical inspection of occupational safety of machinery, equipment and supplies subject to strict occupational safety requirements under the management of the Ministry of Industry and Trade . Effective date: 02/08/2020.
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