Regulations on the construction cost management
The Government issued the Decree No. 32/2015/ND-CP dated March 25, 2015 on the construction cost management including total construction investment, construction estimate, construction contract estimate, construction norms, construction prices, construction price indexes, project management and construction consultancy cost, payment for and finalization of construction contracts; reimbursement and statement of...
Transactions not required to be reported
On November 11, 2014, the State Bank of Vietnam issued the Circular No. 31/2014/TT-NHNN amending and supplementing a number of articles of Circular No. 35/2013/TT-NHNN of December 31, 2013 guiding the implementation of a number of provisions on anti-money laundering. Of which, there are important amendments on intensive assessment...
Multi-level makerting business must have minimum capital of vnd 10 billion
This is one of new contents prescribed at the Decree No. 42/2014/ND-CP dated May 14, 2014 of the Government on management of multi-level marketing activities[...]
Apply the enterprise income tax of 20% from January 01,2016
The persons subject to the tax rate of 22% specified in this Clause shall be subject to the tax rate of 20% shall applied onJanuary 01, 2016 is the content prescribed at the Decree No. 218/2013/ND-CP dated December 26, 2013 of the Government detailing and guiding the implementation of the Law on Enterprise Income Tax[...]
From july 2015, dealing in real estate must have a legal capital of vnd 20 billion
According to the Law on Real Estate Business No. 66/2014/QH13 approved by the National Assembly on November 25, 2014, replacing the Law on Real Estate Business No. 63/2006/QH11, from July 01, 2015, organizations and individuals dealing in real estate are required to establish enterprises or cooperatives (below referred to...
Quota on energy consumption of the steel industry
On September 20, 2016, the Ministry of Industry and Trade issued the Circular No. 20/2016/TT-BCT on the quota on energy consumption of the steel industry.
In accordance with the regulations at this Circular, to the end of 2020, The quota on energy consumption of the steel industry is 14,000 MJ/ton...
Guides on declaration of value-added tax and incentives for projects manufacturing supporting industry products
On February 05, 2016, the Ministry of Finance issued the Circular No. 21/2016/TT-BTC guiding on declaration of value added tax and priorities of enterprise income tax as stipulated under the Decree No. 111/2015/ND-CP dated November 03, 2015 on development of supporting industries.
Accordingly, for tax payers being organizations manufacturing supporting...
SECURITY EQUIPMENT ONBOARD SHIPS, MOBILE DRILLING RIGS MUST MAINTAIN 24/24
On December 27, 2016, the Government issued the Decree No. 170/2016/ND-CP dated December 27, 2016 of the Government regulating on announcement, receiving, processing and transmitting maritime security information.
Within that, the most important content is the responsibilities of owners of Vietnamese ships, port facilities and mobile drilling rigs. Every owner...
GUIDING THE ISSUANCE THE RECEIPT OF CHARGES AND FEES
On November 15, 2016, the Ministry of Finance issued Circular No. 303/2016/TT-BTC guiding the printing, issuance, management and use of documents for the collection of charges and fees belonging to the State budget.
Accordingly, receipt issuance notices shall be made for receipts printed on orders placed by provincial-level Tax Departments...
Encourage to participate in the voluntary pension program
This is the content prescribed at the Decision No. 144/QD-TTg dated January 20, 2014 of the Prime Minister on Approving the scheme on formation and development of the voluntary pension program in Vietnam[...]
