The application of the Advanced Pricing Agreement (APA) mechanisms in tax administration for enterprises that have associated transactions
On June 18, 2021, The Ministry of Finance issued Circular No 45/2021/TT-BTC guiding the application of the Advanced Pricing Agreement (APA) mechanisms in tax administration for enterprises that have associated transactions.
Accordingly, the regulations of APA proposing transactions as follows:
- APA proposing transactions are associated transactions specified in Clause 2, Article 1 Decree No 132/2020/ND-CP.
Currently, APA transactions are...
Cadres and civil servants are required to declare assets and income at vnd 50 millions or above
On November 20, 2018, the National Assembly issues the Anti-Corruption Law No. 36/2018/QH14 which includes many remarkable contents.
Accordingly, the following assets and income shall be declared:
- Land use rights, houses, construction works and other property attached thereto;
- Previous metals, gemstones, cash, financial instruments and other real property each of...
ACCOUNTING DOCUMENTS TO BE RETAINED FOR AT LEAST 10 YEARS
This is the content prescribed at the Decree No. 174/2016/ND-CP dated December 30, 2016 of the Government on detailing a number of articles of the Law on Accounting, takes effect on January 01, 2017.
In particular, Accounting records; Detailed accounting books and overall accounting books; Financial statements; budget statements; consolidated...
Law on Commercial Arbitration of Vietnam 2010
Law on Commercial Arbitration of Vietnam was passed on June 17, 2010, by the XIIth National Assembly of the Socialist Republic of Vietnam [.....]
Law on Credit Institutions of Vietnam 2010
Law on Credit institutions of Vietnam 2010 , No. 47/2010/QH12, was passed on June 16, 2010, by the XIIth National Assembly of the Socialist Republic of Vietnam[....]
Requirements for import of cigarettes and cigar
On December 12, 2013, the Ministry of Industry and Trade issued the Circular No. 37/2013/TT-BCT providing the import of cigarettes and cigar and decides from February 20, 2014 that only Vietnam National Tobacco Corporation (VINATABA) is allowed to import cigarettes and cigars according to the mechanism of state trading....
To develop the national animal husbandry database
The Law No. 32/2018/QH14 is promulgated by the National Assembly on November 19, 2018 provides the regulation for raising of livestock, rights and obligations of organizations and individuals involved in animal husbandry…
National animal husbandry database refers to an animal husbandry-related information system which is developed in such a way...
10 days before termination ATMS service providers must inform the locality state bank
On December 28, 2018, the State Bank of Vietnam issues the Circular No. 44/2018/TT-NHNN on amendments and supplements to certain articles of the Circular No. 36/2012/TT-NHNN dated December 28, 2012 of State Bank’s Governor prescribing installation, management, operation and maintenance of safety for operations of automated teller machines.
- Within...
Apec business travel card shall be valid for 5 years
Ministry of Public Security issued Circular No. 28/2016/TT-BCA on July 05, 2016 on implementation of regulation on issuance and management of APEC business travel cards.
According to this Circular, APEC business travel cards may function as an entry visa into countries and territories as members of APEC business travel cards....
Changes in organizational structure of the state bank of Vietnam
On November 11, 2013, the Government issued the Decree No. 156/2013/ND-CP of November 11, 2013, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam[...]
