Refinements ongoingVietnam saw many important changes to its laws and regulations in 2016, including some that have an impact on the country’s business environment and the entire society. However, there are also discrepancies between the two lists provided under the Investment Law and Decree No. There is no principle that can make the EIT Law prevail over the Investment Law, or an EIT decree prevail over an investment decree. First, under the former law, VAT could be refunded if input VAT is not fully claimed after a 12-month or four-quarter period. 23) for the amended Investment Law and the Enterprise Law stirred up concerns about new roadblocks between foreign and domestic enterprises, especially SMEs.

Source: VietNamNet News February 04, 2017 02:12 UTC