Guiding the Agreement on double taxation avoidance
On December 24, 2013, the Ministry of Finance issued the Circular No. 205/2013/TT-BTC guiding the implementation of the Agreement on double taxation avoidance and prevention of tax evasion to taxes and assets between Vietnam and other countries and territories taking effective in Vietnam[...]
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...
Hydro-meteorological forecast and warning is the conditional business investment sectors and trades
From July 01, 2016, to supplement the hydro-meteorological forecast and warning to the conditional business investment sectors and trades is the important content prescribed at the Law No. 90/2015/QH13 on Hydro-meteorology, passed by the National Assembly on November 23, 2015.
Also in accordance with this Law, hydro-meteorological forecast and warning...
50% reduction of personal income lax for individuals working in economic zones
The Ministry of Finance issued the Circular No. 128/2014/TT-BTC dated September 05, 2014 guiding the reduction of personal income tax for individuals working in economic zones and border-gate economic zones[...]
Charge for licensing of the export of workers in overseas term employment 5 million/time
According to Circular No. 259/2016/TT-BTC dated November 11, 2016 of the Ministry of Finance on the rate, collection, submission, administration and use of the fee for verification of documents and the charge for licensing of the export of Vietnamese workers on contract basis, charge for new licensing of the...
Accelerate to downsize the payroll
Resolution No. 24/2016/QH14 on economic restructuring plan 2016 - 2020 was ratified on November 08, 2016 by the National Assembly.
Accordingly, on the economic restructuring standpoints of developing growth models based on productivity, quality and competitiveness; improve quality of economic growth, develop growth models based on investment, export and domestic...
General conditions for seagoing ship building
On July 01, 2016, the Government issued the Decree No. 111/2016/ND-CP prescribing business conditions for provision of seagoing ship building, conversion and repair services.
In accordance with regulations, from July 01, 2016, a shipyard must have a technical division and a quality inspection division which are separate from each other...
banks allowed purchasing debts having the bad debt ratio under 3%
From September 01, 2015, credit institutions, foreign banks’ branches shall be only permitted for debt purchase when being approved on the establishment and operation license of credit institutions, establishment license of foreign bank’s branches (hereinafter referred to as the License) by the State Bank and having the bad debt...
TEACHERS OF COLLEGE LEVEL MUST HAVE TEACHING TIME AT LEAST FROM 01 YEAR
In accordance with the Circular No. 08/2017/TT-BLDTBXH dated March 10, 2017 of the Ministry of Labor, War Invalids and Social Affairs on standards in qualifications of vocational education teachers; teachers of college level must have at least 12-month teaching experience; obtain at least a certificate of vocational pedagogy at...
Credit institutions allows to have custody services, security cabinets and safes for lease
In accordance with the Circular No. 02/2016/TT-NHNN on provision of the custody services, security cabinets and safes for lease by credit institutions issued by the State Bank of Vietnam on February 26, 2016, Credit institutions allows to have custody services, security cabinets and safes for lease when such services...
