National Assembly deputies at Thursday's meeting. — VNA/VNS Photo Doãn Tấn HÀ NỘI — National Assembly (NA) deputies on Thursday passed the draft amendment of the Law of Tax Management with 91.32 per cent of all deputies approving the draft law. Among new items in the amended law is the authorisation of Government officials in the elimination of businesses’ tax liabilities that have been unpaid and overdue for at least 10 years. Under the amended law, chairman of the provincial People’s Committee can erase tax liabilities worth a maximum VNĐ5 billion (US$215,000). Directors of the general tax and customs departments are able to remove overdue tax liabilities worth VNĐ5-10 billion. The finance minister is authorised to eliminate overdue tax liabilities worth VNĐ10-15 billion and the Prime Minister can erase unpaid tax liabilities worth more than VNĐ15 billion. Chairman of the provincial People’s … [Read more...] about Amended tax and public investment laws passed
Laws passed
Revised tax management, public investment laws passed
Legislators press buttons to vote on the revised Law on Tax Management on June 13 (Photo: VNA) Hanoi (VNA) – Up to 91.32 percent of National Assembly deputies approved the revised Law on Tax Management during their ongoing seventh session in Hanoi on June 13. The law, comprising 17 chapters and 152 articles, defines the management of various types of taxes and other incomes of the State budget. It also makes clear rights and obligations of taxpayers. Later, the NA deputies adopted the revised Law on Public Investment, with 90.7 percent of votes. The law has six chapters and 101 articles, stipulating the State management on public investment, the management and use of public investment, rights, obligations and responsibilities of agencies, units, organizations, and individuals relating to public investment operation.-VNA … [Read more...] about Revised tax management, public investment laws passed
President’s order on promulgation of seven laws
The Office of the President held a press conference on June 28 to announce President Trần Đại Quang’s order on the promulgation of seven new laws. — VNA/VNS Photo HÀ NỘI — The Office of the President held a press conference on June 28 to announce President Trần Đại Quang’s order on the promulgation of seven new laws – including the new cybersecurity law and six other revised laws on national defence, denunciation, competition, planning, mapping, and physical education and sports. These seven bills were adopted by the National Assembly, the country’s legislative body, during their recent sitting earlier this month. Freedom not restricted “The cybersecurity law does not restrict people’s freedom. Citizens’ actions, that which are not forbidden by the penal code and other laws, will be protected by the State,” Lieutenant General Hoàng Phước Thuận, head of … [Read more...] about President’s order on promulgation of seven laws
National Assembly rounded off with big laws passed to spur growth
National Assembly Office Chairman Nguyen Hanh Phuc stated that during the 21-day session the National Assembly (NA) has scrutinised and adopted seven laws (see box) and six resolutions, and reviewed six bills. “The session was successful, with NA members having made positive and responsible contributions to the session’s debates,” Phuc said. During the session, the NA reviewed and debated a number of issues, including an additional report on the socioeconomic situation of 20l7 and a report on socioeconomic development and implementation of the national budget in the early months of 2018. Besides, the legislative bodies will also approve the settlement of the 2016 national budget. The National Assembly has approved many laws which act as a big impetus for Vietnam’s further socio-economic growth The legislature also passed a hallmark resolution on results about supervision of compliance with the law and policy on managing and using capital and assets of … [Read more...] about National Assembly rounded off with big laws passed to spur growth
New cybersecurity law impedes no international pact: Vietnam
Vietnam has asserted that its new cybersecurity law complies with the country’s Constitution, doesn’t impede international agreements and is needed to protect national security and preserve order in Vietnam’s cyberspace. Foreign Ministry spokeswoman Le Thi Thu Hang was responding to question on whether the new law would affect “freedom” in Vietnam. She said that cybersecurity attacks had developing rapidly in recent years, threatening national stability, the economy and political landscape. Vietnam had lacked a legal framework to bolster its cybersecurity defense, she said. “Therefore, it is vital to have laws on cybersecurity now,” Hang told the press on Thursday afternoon. The new law, passed by Vietnam’s National Assembly just a few days ago, would require digital businesses like Facebook and Google to store the data of Vietnamese users in Vietnam. 423 members of parliament, 86 percent of those present, voted in favor of the law. 15 … [Read more...] about New cybersecurity law impedes no international pact: Vietnam