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Vietnam Vietnam has moved to advance its digital governance framework by introducing the Data Law (Law No. 60/2024/QH15), which comes into force on July 1, 2025. The government released a draft Implementation Decree in January 2025 to clarify its general provisions and give guidance on enforcement. Dezan Shira and Associates offers an overview of the decree and key information on implications for businesses. Draft Implementation Decree: Provides detailed regulations and implementation measures for the Data Law. Aims to clarify general provisions to ensure consistent enforcement across sectors. Additional Regulatory Instruments: Draft decree on scientific, technological, and innovative activities related to data services. Draft decree establishing the National Data Development Fund (NDDF). Draft decision on the classification of core and critical data. Implications for Businesses: Companies involved in data- related activities must prepare for compliance with new data storage, processing, and transfer requirements. Emphasis on data sovereignty may affect cross-border data operations.
Vietnam is committed to data sovereignty and securely managing personal and organisational data within its jurisdiction. In establishing a comprehensive legal framework, Vietnam seeks to align its data protection standards with international best practices, fostering greater trust in its digital landscape. Vietnam Briefing has further information on the Data Law. Hong Kong Soon, the filing season for Individual Tax Returns (ITRs) in Hong Kong will begin. The Hong Kong Inland Revenue Department (IRD) typically issues ITRs on the first working day of May each year. In 2025, the filing deadline is expected to be in early June for general taxpayers and in early August for sole proprietors. A one-month automatic extension is available for returns submitted via eTAX. Dezan Shire advises taxpayers in Hong Kong to begin preparations early and allocate adequate resources to meet the tight filing timeline. The IRD is expected to issue the Individual Tax Returns for 2024/25 on the first working day of May, as usual. Affected taxpayers will be required to complete and send the tax return back to the IRD within one month or three months from the date of issue. Failing to file the individual tax return in time will trigger a penalty or prosecution. China Briefing shares a complete guide to the Individual Tax Return obligations in Hong Kong.
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ISSUE 11 GLOBAL PAYROLL MAGAZINE
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