FEES FOR CITIZEN IDENTIFICATION CARD IS VND 50.000/CARD
In accordance with the Circular No. 170/2015/TT-BTC dated November 09, 2015 of the Ministry of Finance providing on collection rate, collection regime and management of fees for citizen identification card, citizens being 14 years old or over process the procedures of granting the citizen identification card for the first...
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 [.....]
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...
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...
Extra-small enterprises shall not bound to appoint the chief accountant
The Ministry of Finance issues the Circular No. 132/2018/TT-BTC on providing guidance on accounting regimes of extra-small enterprises.
Accounting regimes have some particular points as follow:
- For the design of the structure: Extra-small enterprises shall be charged with performing accounting duties without being bound to appoint the chief accountant;
- Extra-small...
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...
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...
Amendment of regulations on managing apartment maintenance fund
On March 26th, 2021, the Government issued Decree 30/2021/ND-CP amending and supplementing a number of articles of Decree 99 (“Decree 30”). Compared with Decree 99, Decree 30 has the following notable changes:
Firstly, on transfering maintenance fund for the common area of multi-owner apartment buildings
Article 36 of Decree 99, which...
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[....]
Latest regulations on corporate income tax incentives for special investment projects
On 6th October 2021, the Prime Minister issued the Decision No. 29/2021/QĐ-TTg on regulations on special investment incentives.
In which, there are regulations on corporate income tax incentives for special investment projects.
For example, the preferential tax rate of 7% for a period of 33 years applies to income from investment projects in one of the following...
