HRSM

22/05/2023

Vietnamese Gov’t agrees to cut VAT tax to 8% between July 2023 and Dec 2023.

HRSM

This would reduce budget revenues by VND5.8 trillion (US$246.7 million) per month and by VND35 trillion (US$1.48 billion) over the last six months of the year.

23/08/2021

Decree 70, Regulate service in !

- Vietnam issued Decree 70 adding new regulations related to cross-border advertising service provisions in Vietnam.
- Firms engaged in cross-border advertising must follow regulations related to , management, provision, use of internet services, and pay .
- Decree 70 takes on #15, 2021.


Decree No. 70/2021/ND-CP gives amendments and supplements to a number of articles of Decree No. 181/2013/ND-CP dated April 14, 2013, providing details on the implementation of a number of articles of Law on Advertising, including adjustments relating to the provision of cross-border advertising service in Vietnam.

According to the document, the provision of cross-border advertising activities in Vietnam means the use of electronic information sites by foreign organizations and individuals to provide advertising services from systems located outside Vietnam for users in Vietnam, having revenue generated in Vietnam.

Foreign organizations and individuals engaging in providing cross-border advertising services in Vietnam must comply with regulations and obligations stated in Article 13 of the Law on Advertising and related regulations.

They must not cooperate with websites that have been reported by authorized agencies due to legal violations, whose names are available on the Ministry of Information and Communications (MIC)’ online portal.

Meanwhile, Decree 70 also gives supplements to regulations on the responsibility in the management of activities providing cross-border advertising services. Accordingly, the MIC will receive reports on violations on cross-border advertising activities from other ministries, sectors, and localities. It will then send requests on violation settlement to foreign organizations and individuals providing cross-border advertising services.

Official document link: https://lnkd.in/gqFvF7rs


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15/08/2021

Happy Independence Day

01/08/2021

We are a team of young, energetic, and enthusiastic professionals who believe in innovative strategies and out-of-the-box solutions.

We are providing Management Consulting services listed below in Vietnam, Philipines, and India.
- Market Entry (Sourcing Partner, Licencing, Virtual Office, Business Visas)
- Taxations Advisory ( Indirect Taxes: VAT, GST, Customs | Direct Taxes: Personal Income Tax, Corporate Income Tax, Capital Gain)
- Business Process Outsourcing (Order to Cash, Procure to Pay, Bank/Ledger Reconciliation, Financial Statement preparation, ERP database setups, Process Review)
- Human Resource Consulting (Payroll calculations outsourcing, Payroll Payment Management, Governmental Liabilities management, Labour contract preparation)
- Data and Analytics: Data cleaning, Data Manipulation, Data Visualization.

We are ready to strive to make success in your corporate journey.

Please feel free to reach out to us by email for more information at [email protected]

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TEAM HRSM