Legal Document Updates in English (05/2016)

INCOME S FROM COLLECTION AND CENTRALIZED TREATMENT
OF COMMON SOLID WASTES RECEIVES CORPORATE INCOME TAX INCENTIVES
 

This is the content prescribed at the Circular No. 212/2015/TT-BTC issued the Ministry of Finance on December 31, 2015 guiding the corporate income tax policies for environmental protection activities regulated at the Decree No. 19/2015/ND-CP dated February, 2015 of the Government detailing a number of articles of the Law on Environmental Protection.

In particular, this Circular prescribes some corporate income tax incentives applied to the enterprise’s income from execution of new investment projects such as centralized treatment of domestic wastewater with design capacity from 2,500 m3 of wastewater/day for urban areas of grade IV or more; collection, transport and centralized treatment of common solid wastes; treatment and renovation of polluted environment in public areas; response to oil spill, chemical incidents and other environmental incidents; development of technical infrastructure for environmental protection in industrial parks and clusters of handicraft villages; cremation and electric cremation; assessment of damage to environment; assessment of environmental health and environmental assessment for the goods, machines, equipments and technologies; production and application of invention to protect the environment under the state protection in the form of Patent or Patent of useful solutions or production of

CARS RUNNING WITHIN AN AMUSEMENT PARK OR SPORTS CENTER
NOT SUBJECTED TO SET
 

This is the content prescribed at the Circular No. 195/2015/TT-BTC dated November 24, 2015  of the Ministry of Finance guiding the Decree No. 108/2015/ND-CP dated October 28, 2015 of the Government guiding a number of Articles of the Law on Special Excise Duty and the Law on amending the Law on Special Excise Duty.

Besides the regulations that ambulances, prisoner transport vehicles, hearses; vehicles for inspection and control of radio frequencies; armored mobile adjustable ramp systems; mobile video production vehicles; vehicles designed to carry both seated and standing passengers and capable of carrying 24 people or more, cars running within amusement parks and sport centers and exempt from registration and banned from public roads, other specialized vehicles, vehicles exempt from registration, and vehicles banned from public roads, importers of cars running within an amusement park or sports center not subject to SET… the goods not subjected to SET includes goods directly exported by the manufacturer or processor, including goods sold to or processed for export processing companies; humanitarian aid and grant aid, including

CONVERSION OF BUSINESS TYPES OF CREDIT INSTITUTIONS
 

On December 31, 2015, the State Bank of Vietnam issued the Circular No. 36/2015/TT-NHNN  on restructuring of credit institutions.

Accordingly, each credit institution may only convert its business type in accordance with business types prescribed in Article 6 of the Law on credit institutions and regulations of the State Bank. Protect confidentiality in order to ensure stable operation of credit institution before the project for conversion of business type is ratified by the competent bodies of credit institutions. All documents and materials on conversion of business type must be made in a prudent, truthful and accurate manner so as to avoid misunderstanding. It is strictly prohibited to disperse properties in any form. The transfer and sale of property during the process of conversion of business type must be conducted publicly and transparently, in accordance with regulations of law and agreement of contracting parties, ensure the safety of property and do not affect the interests of credit institutions and other organizations and individuals related to conversion of business type. The establishment and operation license of the converting credit institution shall become invalid when the converted credit institution launches its opening.

Besides, the Circular also details the cases of restructuring of credit institutions such as a commercial bank or a finance

STANDARDS FOR STAFF OF MEDICAL FACILITIES CARRYING
OUT THE IN VITRO FERTILIZATION
 

Taking effects on February 15, 2016, the Circular No. 57/2015/TT-BYT dated December 30, 3015 of the Ministry of Health detailing a number of articles of the Decree No. 10/2015/ND-CP dated January 28, 2015 of the Government on giving birth through in vitro fertilization and conditions for altruistic gestational surrogacy, including health standards for people who adapt the in vitro fertilization service, have pregnancy or give birth; facilities, equipment and staff of medical facilities permitted to carry out the in-vitro fertilization technique; procedures for examination and diagnosis of infertility; technical process of in vitro fertilization; retention and sharing of information.

Accordingly, any person involved in in-vitro fertilization must not have the following diseases: diseases that make his/her health unsatisfactory for in-vitro fertilization, for having pregnancy or giving birth; sexually transmitted diseases, HIV or group A/B infectious diseases; hereditary diseases that may affect life and the development of the child; mental illness or other diseases that makes him/her unable to have awareness or direct his/her behavior. And any person involved in in-vitro fertilization technique must obtains a written conclusion by the head of a medical facility qualified

STATE INSPECTION OF IMPORTED FOOD SAFETY
 

On December 21, 2015, the Ministry of Health issued the Circular No. 52/2015/TT-BYT on regulations on state inspection of imported food safety, and applications and procedures for grant of certificate of export to exported foods under the administration of the Ministry of Health.

In accordance with this Circular’s regulations, standard inspection (include: is the inspection of the application and representative sample by which food labels, packages and special preservation (if any) are organoleptically examined) applies to all articles of an imported shipment, except for cases regulated in clause 2 and clause 3 of this Article.

Any article that is certified as satisfactory for food safety requirements by competent authorities of the signatories of the international agreement on mutual recognition of food safety inspection and quality to which Vietnam is a signatory; a article that is certified as conformable with