From January 01, 2017, there will be 01 Code and 05 Laws coming into effect. Below is the list of Codes and Laws along with important new content.
Article table of contents
A prominent new regulation of the Civil Code 2015 is the allowance for gender transition if desired, legal entities being permitted to act as guardians, interest rates based on agreements, as well as guidance on contract execution when circumstances fundamentally change.
See detailed content at Prominent New Points of the Civil Code 2015 and some analyses such as Other Property Rights: New Regulations according to the Civil Code 2015, New Regulations of the Civil Code 2015 on Civil Liability.
The Ordinance on Fees and Charges 2001, after nearly 13 years of practical implementation, has revealed many inconsistencies and limitations. The Law on Fees and Charges 2015 was enacted to address these limitations. To be specific: Clearly defines the scope of regulation and subjects of application; the list of fees and charges issued with the law includes 213 types of fees, 103 types of charges, and 17 services converted from fees to state-set service prices; regulations on fee and charge exemptions and reductions.
More details can be found in Law on Fees and Charges 2015 - New Points to Note.
To meet the requirements for financial and accounting integration and to enhance the quality of accounting work, the Accounting Law 2015 introduces several significant changes, such as adding more prohibited actions, detailing regulations on electronic documents, and supplementing regulations on state financial reports.
See detailed content at Update on Significant New Points of the Accounting Law 2015.
One of the prominent contents mentioned in the State Budget Law 2015 is the provision that local budget deficits are part of the state budget deficit. For the first time, the State Budget Law stipulates that local budget deficits are part of the state budget deficit. It also differs significantly from the State Budget Law 2002 in aspects such as strict management of financial reserves, narrowing contingency expenditures for central and local budgets, and community implementation of state budget supervision.
More details can be found in New Points of the State Budget Law 2015.
The Press Law 2016 creates an important legal framework with many progressive new regulations, aligning with the practical life and work of journalism, being timely, and building a solid and specific legal foundation for the development of journalism in the coming period. The Press Law 2016 introduces several new points, such as regulations on freedom of the press, citizens' freedom of speech in the press, universities being allowed to establish press agencies, permission for linkage in press activities, and limiting the scope of press activities.
See Update on New Points of the Press Law 2016 Applied from January 1, 2017.
An outstanding new regulation stipulated in the Pharmaceutical Law 2016 is that many pharmaceutical establishments can operate without a Certificate of eligibility for pharmaceutical business. Furthermore, the Pharmaceutical Law 2016 also adds several new regulations on drug recall, such as the form of drug recall; the level of drug violations; the scope and time required for drug recall; handling of recalled drugs; authority for issuing drug recall decisions, and drug recall procedures.
More details can be found in Pharmaceutical Law 2016 and New Points to Note.
