CONDITIONS TO APPLY VAT RATE OF 0% TO EXPORTED GOODS AND SERVICES

Conditions to apply VAT rate of 0% to exported goods and services

On December 18, 2013, the Government  issued Decree No. 209/2013/ND-CP on detailing and guiding implementation of several articles of Law on Value-Added Tax on exported goods and services (Including: Works built and installed abroad; spare parts for repair, maintenance of means, machinery, equipment for foreign parties…) which will enjoy...

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...

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...
Regulations on secured loan of credit guarantee fund

Regulations on secured loan of credit guarantee fund

On May 04, 2015, the State Bank of Vietnam issued the Circular No. 05/2015/TT-NHNN guiding credit institutions to collaborate with credit guarantee fund in offering secured loan of credit guarantee fund as stipulated under Decision No. 58/2013/QD-TTg dated October 15, 2013 of the Prime Minister. Also in accordance with this...

FREE TAX FOR PURCHASE, SALE AND EXCHANGE OF GOODS BY BORDER INHABITANTS

The subjects are entitled to exemption from import duty and other taxes (if any) for purchased, sold or exchanged goods valued at no more than VND 2,000,000 (two million)/person/day/time, for 4 times at most a month, for goods on the Ministry of Industry and Trade-promulgated list of goods allowed...

Guidelines for payment deducting of trade union fee

On November 21, 2013, the Government issued Decree No. 191/2013/ND-CP detailing on Trade- Union Finance[...]

TO 2020, THE EXPECTED VOLUME OF GAS PRODUCTION IS 11 BILLION M3/YEAR

On January 16, 2017, the Prime Minister issued the Decision No. 60/QD-TTg on approving the plan for development of gas industry of Vietnam by 2025 with the vision to 2035, Invest in development of the gas industry sector with all stages which are organized in a complete and uniform...
Free on time-limited visa entry for citizens of 5 european countries

Free on time-limited visa entry for citizens of 5 european countries

On June 18, 2015, the Government issued the Resolution No. 46/Q-CP dated June 18, 2015 of on time-limited visa-free entry for citizens of The Kingdom of England, The French Republic, The Federal Republic of Germany, The Kingdom of Spain and The Italian Republic. In accordance with regulations in this Resolution,...

Person held in temporary detention allowed meeting relatives one per month

The National Assembly has passed the Law No. 94/2015/QH13 dated November 25, 2015, persons held in custody may meet their relatives once during the period of custody and once during each extended period of custody. Persons held in temporary detention may meet their relatives once a month; any increase...
Legal consultant service regarding marriage registration with foreign elements

Legal consultant service regarding marriage registration with foreign elements

Client has intention to engage a legal consultant on advising and implementing the marriage registration with foreign elements in accordance with current Vietnam’s Laws. In which the parties in marriage need to satisfy the following general conditions: +         The man has reached the age of twenty or over, the woman...