The robust industrial real estate sector faces the impact of the global minimum tax

Policy

Recently, the Hanoi Tax Department issued a letter requesting businesses to inform their parent companies about the supplementary corporate income tax policy in accordance with the regulations on combating global base erosion and profit shifting (BEPS) in Vietnam from 2024, to determine whether the businesses are subject to Resolution 107/2023/QH15. Not only foreign-invested enterprises in Hanoi but also those in other localities such as Hai Phong, Thai Nguyen, etc., are also concerned and have proposed that the Ministry of Finance issue supporting policies.

Highlights of New Real Estate Business Law: Enhanced Home Buyer Protections, Reduced Dispute Risks

Policy

The new Real Estate Business Law will enhance transparency and disclosure of project information, providing buyers with greater access to accurate and reliable data. This will strengthen consumer protection and mitigate the risk of disputes.

Major advances offered in new real estate business rules

Policy

The Real Estate Business Law in Vietnam introduces significant amendments compared to its predecessor, with a particular emphasis on the rights and responsibilities of foreign investors.

Counter-cyclical fiscal policy recommended to continue in 2024

Policy

According to experts, in 2023, although there were still many difficulties in promoting economic growth, the positive effects of fiscal and monetary policies were shown.

VAT to be reduced by 2% from January 1

Policy

The value-added tax (VAT) for most of goods and services will be cut by 2% from January 1, 2024.