Grant Thornton Vietnam would like to bring to you certain important policies relating to the government’s stimulus package for businesses affected by COVID-19 and some labor issues during the time of COVID-19 outbreak. Referring to our update in the Newsletter in March 2020, the Government has issued Directive no 11/ CT-TTg on urgent missions and solutions for assisting businesses facing difficulties and ensuring social welfare during Covid 19 outbreak. Pursuant to the Prime Minister’s Directive, some supports related to taxes and rental fees, insurance and labor are specified as below:
- Decree 41/2020/ND-CP on tax and land rent deferral
- Suspension of contribution to the pension fund and death benefit fund for entities affected by covid-19
- Deferral for payment of union fee for enterprises affected by covid-19
- Others regulation on labor in response to covid-19 pandemic
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