License fees for organization engaging in business with the maximum level of VND 3 million
Takes effect on January 01,2017, the Circular No. 302/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance guiding the license fees for the organizations and individuals engaging in business operation from VND 01 – 03 million/year.
Within that the amounts of annual licensing fees for organizations engaging in business...
To free export tax for Vietnamese green label
On August 09, 2016, the Ministry of Finance issued the Circular No. 128/2016/TT-BTC on export duty exemption and reduction for environment-friendly products; and products from waste recycling and treatment activities prescribed in the Government’s Decree No. 19/2015/ND-CP of February 14, 2015, detailing a number of articles of the Law...
Fee for verification of conditions for a commercial arbitration center establishment 3 million/time
On November 10, 2016, the Ministry of Finance issued Circular No. 222/2016/TT-BTC on the rate, collection, submission, administration and use of the fees for verification of criteria and conditions for the practice of commercial arbitration.
Accordingly, fee for verification of criteria and conditions for the establishment of a commercial arbitration...
TIME LIMIT OF AN AUDIT DOES NOT EXCEED 60 DAYS
Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Making and sending audit reports; Oversight of performance of audit conclusions and audit requests.
In accordance with...
New regulation for work permit in Vietnam.
Regarding the new regulation for work permit for foreigner working in Vietnam that takes effect fromNovember 1st 2013, SB Law would like to provide the information as follows[...]
Disposal of security assets must be Informed at least before 7 days
On June 06, 2014, the Joint-ministries of Justice, Natural resources and Environment, the State Bank of Vietnam issued the Joint Circular No. 16/2014/TTLT-BTP-BTNMT-NHNN guiding a number of matters on disposal of security assets.[...]
Conditions on issuance of license for establishment of representative offices in vietnam
The Decree No. 07/2016/ND-CP detailing the Trade Law on representative offices, branches of foreign businesses in Vietnam issued by the Government on January 25, 2016; within that, the most important content is that a foreign business can not establish more than one representative office or branch that has the...
The list of 127 national projects called for foreign investments
On April 29, 2014, the Prime Minister signed the Decision No. 631/QD-TTg on promulgation of the list of national projects called for foreign investments by 2020. [...]
INCREASE THE DEPOSIT IN THE AUCTION TO 20%
Takes effect on July 01, 2017, the Law on property auction No. 01/2016/QH14 of the National Assembly prescribing that bidders must deposit 5% - 20% reserve price of the auctioned property instead of 1%-5% as in previous regulations.
Also from July 01, 2017, lawyers, public notaries, bailiff, property management officers...
MAXIMUM CHARGE RATES FOR MOTORCYCLES IS VND 150.000/YEAR
In accordance with the Circular No. 133/2014/TT-BTC dated September 11, 2014 of the Ministry of Finance guiding the collection, payment, management and use
of road user charges for vehicles, from November 01, 2014, Under this Circular, the charge rate for bus is VND 180,000/month/bus, similarly cars for carrying people, with...
