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GUIDANCE ON COMPLICATED BANKRUPTCY CASES

In accordance with the Resolution No. 03/2016/NQ-HDTP dated August 26, 2016 of the Supreme People’s Court ‘ s Council Of Justices guiding the implementation of a number of articles of the law on bankruptcy, In course of settling bankruptcy cases, judges must consider applying precedents recognized by the Council of Justices

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CONDITIONS FOR DRUG BUSINESS TO A DRUG RETAILER

On July 01, 2016, the Government issued the Decree No. 102/2016/ND-CP dated July 01, 2016 of the Government on drug business requirements.

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ENCOURAGE TO PROVIDE FOR THE VOLUNTARY SUPPLEMENTAL RETIREMENT PROGRAM

At the Decree No. 88/2016/ND-CP dated July 01, 201 of the Government on voluntary supplemental retirement program. The Government encourages developing voluntary supplemental retirement programs by means of incentive policies provided for in laws on taxation and investment results and payment rates made by

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DEACTIVATE THE TIN OF THE BUSINESS ENTITY OF NON-OPERATION AT REGISTERED ADDRESS

In accordance with the Circular No. 95/2016/TT-BTC dated June 28, 2016 of the Ministry of Finance on guidelines for tax registration, the taxpayer shall be imposed sanctions for TIN usage as prescribed by relevant law provisions. After one year from the date on which the tax authority issued a notification of non-operation at the

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THE LATE PAYMENT INTEREST AT 0.03% PER DAY ON THE OUTSTANDING AMOUNT

This is the important content prescribed at the Decree No. 100/2016/ND-CP dated July 01, 2016 of the Government on elaboration and guidelines for some articles of the law on amendment of the law on value-added tax, the law on special excise duty and the law on tax administration.

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THE MINIMUM AMOUNT OF CAPITAL REQUIRED FOR AN AIRLINE IS VND 300 BILLION

This is the content prescribed at the Decree No. 92/2016/ND-CP dated July 1, 2016 of the Government providing for conditional business sectors or activities in the civil aviation industry and takes effect on July 01, 2016.

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