On 06th June 2017, the Government issued Decree No. 71/2017/ND-CP ("Decree 71") replacing Circular No.121/2012/TT-BTC on public company management ("Circular 121"), which contains some noticeable regulations for public companies as hereunder.
This Letter would aim to keep you updated with some new laws/regulations in relation to employment and social insurance, in addition to new issues of the on-working draft of revisions of Labor Code 2012 as briefed hereinafter.
Recently, on 14th April 2017, the Government promulgated Decree No. 44/2017/ND-CP (“Decree 44”) replaced provisions on Decree No. 37/2016/ND-CP (“Decree 37”) regarding the rate of contribution to the Occupational Accident And Well-being Assurance, and on 18th April 2017
On 3rd April 2017, the Government promulgated Decree No.33/2017/ND (“Decree 33”) in the replacement of Decree No.142/2013/ND-CP (“Decree 142”) on sanctions for administrative violations in water and mineral resources sector.
On 30th May 2017, The Ministry of Construction promulgated Circular No 04/2017/TT-BXD (“Circular 04”) on promoting compliance with occupational safety legislation in construction sector in replacement of Circular 22/2010/TT-BXD (“Circular 22”).
On 24th February 2017, the Government promulgated the Decree 20/2017/ND-CP regarding tax administration on associated enterprises related transactions (“Decree 20”), under which regulates (i) specific principles, methods, sequences, and procedures on price fixing related to associated transactions; and (ii) obligations of taxpayers in declaring and fixing the price related to associated transactions as well as paying tax.