NEW POLICIES TAKE EFFECT IN JANUARY

Decree No. 108/2015/ND-CP dated October 28, 2015 of the Government on detailed implementation of a number of Articles of the Law on Special Consumption Tax and the amended Law on Special Consumption Tax will come into effect since January 1, 2016.

The Decree stipulates the scope of adjustment, taxable objects, non-taxable objects, tax refund, tax rates, tax reduction and tax refund.

Decree No. 111/2015/ND-CP dated November 3, 2015 of the Government on the development of support industries covers a series of preferential policies applicable from research and development to technology transfer and production stages.

The Government also issued a list of prioritized auxiliary industry products such as garment, footwear, electronics, automobile production, manufacturing and high technology.

Decree No 115/2015/ND-CP dated November 11, 2015 of the Government guiding the implementation of some articles of the Social Insurance Law 2014 defines maternity regime, female employees as surrogate mothers, pension, survivorship allowance and social insurance fund.

Decree No. 117/2015/ND-CP dated November 12,2015 on establishment, management and use of housing and real estate market information system was issued to build unified database in this area to serve state management and social demand.

Decree No. 122/2015/ND-CP dated November 14 on region-based minimum wages for employees working for companies, cooperative unions, cooperatives, cooperative groups, farms, households, individuals and organizations hiring employees under labor contracts stipulates that the region-based minimum wages shall be increased from VND2.4 million to VND3.5 million per month from January 1, 2016.

Decree No. 123/2015/ND-CP dated November 15, 2015 details and provides measures to implement, the Law on Civil Status.

The Decree covers regulations on submission of required papers for registration of birth, marriage and death

Decision No. 59/2015/QD-TTg dated on November 19, 2015 on multidimensional approach to poverty for the period 2016-2020 will take effect from January 5, 216.

The Decision aims to fix the shortcomings of the income-based poverty measurement method.

Source: VGP