New provision on land rental exemption and reduction
The Government issued Decree No. 135/2016/ND-CP dated September 09, 2015 amending and supplementing a number of articles on collection of land rental and water surface rental, within that prescribed land rental exemption or reduction is not applied in the case of auction on land lease rights.
Similarly, land use levy...
The Over-quota import duty rates of un-manufactured tobacco and tobacco refuse of burley is 80%
On June 23, 2014, the Ministry of Finance issued the Circular No. 80/2014/TT-BTC amending and supplementing the Ministry of Finance’s Circular No. 111/2012/TT-BTC of July 4, 2012[...]
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...
VAMC MUST REPORT BAD DEBTS BEFORE 02 OF MARCH BEFORE THE FINANCIAL YEAR
Takes effect on February 15, 2017, the Circular No. 33/2016/TT-NHNN dated December 27, 2016 of the State Bank of Vietnam on ratios of revenues of asset management company of Vietnamese credit institutions to bad debts bought with special bonds.
At the Circular, the State Bank of Vietnam prescribes not later...
SUPPLEMENT THE SUBJECTS NOT SUBJECTED TO VALUE-ADDED TAX DECLARATION AND ASSESSMENT
On November 24, 2015, the Ministry of Finance issued the Circular No. 193/2015/TT-BTC dated November 24, 2015 of the Ministry of Finance amending and supplementing the Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance guiding the implementation of the Law on Value-Added Tax and the...
Incentives for power generation projects using solid waste
On May 05, 2014, the Prime Minister issued the Decision No. 31/2014/QD-TTg dated May 05, 2014 [...]
PILOT PERMISSION FOR VIETNAMESE CITIZENS TO PLAY IN CASINOS
On January 16, 2017, the Government issued Decision No. 03/2017/ND-CP on casino business, pilot permit for Vietnamese citizens to play in casinos included entertainment complexes at places satisfying requirements and approved by the competent authorities.
The duration of pilot permission shall be 03 years from the day on which the...
The level of advance payment must not exceed 50% of the contract value
In accordance with the Decree No. 37/2015/ND-CP dated April 22, 2015 of the Government prescribing in detail construction contracts, within that, the level of advance payment must not exceed 50% of the contract value.
In special cases, this level shall be permitted by the competent investment decider, or by the...
Supporting time for preferred loans is a maximum of 15 years
In accordance with the Resolution No. 61/NQ-CP dated August 21, 2014 of the Government on amending, supplementing the Resolution No. 02/NQ-CP dated January 07, 2013 of the Government on promulgating solutions in removing difficulties for business and production, supporting market and handling bad debts[...]
LIST OF 80 EQUIPMENTS SUBJECTED TO OCCUPATIONAL HYGIENE AND SAFETY REQUIREMENTS
On December 28, 2016, the Ministry of Labor, War Invalids and Social Affairs issues the Circular No. 53/2016/TT-BLDTBXH issuing the list of machinery, equipment and materials subjected to occupational hygiene and safety requirements.
This List includes 80 equipments subjected to occupational hygiene and safety requirements, including 46 Machinery, equipment and...
