Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

VCN - Accordingly, regarding the ownership rate of credit institutions, the Law on Credit Institutions (amended) has stipulated a reduction in the maximum ownership rate at a credit institution from 15% to 10% of charter capital for an institutional share
Vietnam’s taxman says VAT collection related to L/Cs lawful

Vietnam’s taxman says VAT collection related to L/Cs lawful

VCN- Vietnam’s top taxman recently requested its local tax departments instruct credit institutions on procedures for value added tax declaration and payment related to LCs.
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