In March, there are many new regulations which are applicable such as the Law on Anti-Money laundering 2022, increase in levels of the allowance for laborers working in dangerous, hazardous conditions, tightening the management on receiving religious donations or grants…..
On November 15, 2022, the National Assembly passed Law No. 14/2022/QH15 on Anti-Money Laundering
Anti-Money Laundering Law 2022 includes 04 Chapters, and 66 Articles, decreases 01 Chapter and increases to 16 Articles in comparison with Anti-Money Laundering Law 2021, with many new contents as follows:
- Supplement the reporting subjects which means upon providing the payment intermediary services.
- Regulations on the principle of reciprocity in the information exchanges, supplies, and transfers between Vietnam and foreign countries who haven’t signed or attended in the international treaties or agreements.
- Classify customers in accordance with the low, medium, and high-risk levels.
- Specific regulations on the customer identification information.
- Make the reporting subjects clearer when establishing relations with bank partners
- Amend a number of suspicious signs in securities, life insurance
- Specific regulations on information exchange, supplies, and transfer of anti-money laundering.
Anti-Money Laundering Law 2022 takes effect on March 01, 2023.
The Minister of Labor, Invalids and Social Affairs hereby promulgates Circular No. 24/2022/TT-BLDTBXH prescribing the allowance in kind for laborers working in dangerous and hazardous conditions.
Accordingly, Article 4 prescribes the allowances in kind shall be rationed on a daily basis and of monetary value at the following levels:
- Level 1: VND 13,000 (increased by VND 3,000)
- Level 2: VND 20,000 (increased by VND 5,000)
- Level 3: VND 26,000 (increased by VND 6,000)
- Level 4: VND 32,000 (increased by VND 7,000)
Laborers shall be entitled to the allowance in kind when fully satisfying the following conditions:
- The first condition: Performing occupations or jobs on the list of particularly heavy, hazardous, or dangerous occupations and jobs or the list of heavy, hazardous, or dangerous occupations and jobs promulgated by the Minister of Labor, Invalids and Social Affairs.
- The second condition: Currently working in a labor environment in which at least one of the two elements exists:
Dangerous or hazardous elements which fail to satisfy permissible hygiene standards and regulations as prescribed by the Ministry of Health.
Being in contact with at least one element which is scored 4 points or higher, in the group “In contact with sources of infectious diseases under the Law on Prevention and Control of Infectious Diseases”
Circular No. 24/2022/TT-BLDTBXH takes effect on March 01, 2023.
On February 02, 2023, the Minister of Finance issues Circular No. 07/2023/TT-BTC providing the rates, collection, remittance, management, and use of the charge for appraisal of environmental remediation and rehabilitation plans by central agencies.
Accordingly, the rates, collection, remittance, management, and use of the charge for appraisal of environmental remediation and rehabilitation plans from VND 6 - 61 million depending on each total investment project. In particulars, the total investment capital of a project up to VND 10 billion, and the rate is VND 6 million. The total investment capital of a project from over VND 100 to 200 billion, the rate is VND 30 million.
The total investment capital of a project from over VND 1,000 to 1,500 billion, from VND 3,000 to 5,000 billion, the rates are VND 48 and VND 53 million. The highest appraisal charge is VND 61 million with the total investment capital of a project is over VND 7,000 billion.
Charge-collecting organizations shall remit 100% of the collected charge amounts into the state budget. For a charge-collecting organization being a state agency that is allowed to have their operating expenses covered by charge revenues, it may retain 70% of the total collected charge amount to cover appraisal and charge collection expenses and shall remit the remaining 30% into the state budget.
In accordance with Article 9, Circular No. 04/2023/TT-BTC (takes effect on March 19, 2023), the management, collection and use of funding for the organization of religious donations or grants must be regulated clearly in order to commit the transparency at the first time.
Accordingly, the receipt of religious donations or grants shall be in 04 forms as follows:
(1) By transfer
Apply for a deposit account to be opened at a State Treasury or a commercial bank.
(2) Receiving cash:
Belief or religious establishments appoint a person to receive and fully register received sums. Banknotes or physical money given in the places other than permissible ones, or not in conformity with the civilized lifestyle rules of relic sites shall be collected for counting or put in the donation boxes for counting.
(3) Receiving security instruments:
Belief or religious establishments create the register of security instruments, sums shown thereon and issuing organizations.
(4) Receiving precious metals or jewels:
Belief or religious establishments create the register of precious metals, jewels and information about their respective values provided by donating or giving entities or persons.
Here are the hot policies which take effect on March 2023.