On May 16, 2023, the General Department of Taxation of Vietnam issued Official Dispatch 1798/TCT-TTKT on reviewing and handling illegal invoices, in which, a list of 524 enterprises with invoice risk was announced.
Enterprises in Vietnam will not have to fulfill as many obligations after the new law takes effect as of January 1, 2021 - This is the notable point stipulated in Law on Enterprise2020 passed by the National Assembly on June 17/ 2020, which officially takes effect on January 1, 2021.
Converting business types is changing the legal form of an enterprise from one type to another. However, not all types can be converted. So, how are Vietnam’s regulations on conversion of a limited liability company to a joint stock company?
The right of employees to receive wages is a prerequisite that must be protected. Enterprises as employers are not allowed to violate this right in any form or to deduct from the employee's wages when the law does not allow it.
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