Politics

Presidential Office announces eight more laws

Presidential Office announces eight more laws

The Presidential Office announced eight laws, which were adopted at the 13th National Assembly’s eighth session last month, at a press conference in Hanoi on December 12.
The Presidential Officeannounced eight laws, which were adopted at the 13th National Assembly’seighth session last month, at a press conference in Hanoi on December12.

They include the Laws on Civil Status,Investment, Enterprise, Occupational Education, and Management and Useof State Capital in Production and Business, and the Laws on amendmentsand supplements to some articles of the Laws on Civil JudgmentEnforcement, Taxation, and Special Consumption Tax.

The law on amendments and supplements to some articles of the Law onSpecial Consumption Tax will take effect from January 1, 2016. All typesof petrol will be subject to special consumption tax. Tax on tobaccowill increase from 65 percent to 70 percent from January 1, 2016, and to75 percent from January 1, 2019.

Becoming effectiveon January 1, 2015, the law on amendments and supplements to somearticles of the Law on Taxation says that farm produce and seafoodprocessing activities of cooperatives and businesses in extremelydisadvantaged areas will be exempted from corporate tax.

The Lawon Investment with seven chapters and 76 articles and the Law onManagement and Use of State Capital in Production and Business with 10chapters, 66 articles will come into effect on July 1, 2015./.
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