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[...]
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[...]
To reduce pit of individuals working in the IT industry by 50%
This is one of the most important solutions on tax incentives for developing and applying information technology in Vietnam issued with the Resolution No. 41/NQ-CP dated May 26, 2016 of the Government.
In particular, beside the policy that personal income tax on salary-based and wage-based incomes of individuals working in...
The electricity retail tariff is from 0-50 kWh is 92% of the average price
On April 07, 2014, the Prime Minister signed the Decision No. 28/2014/QD-TTg on structure of electricity retail tariff.
In particular, this Decision regulates that the electricity retail price for domestic purposes include 6 levels, from 0 – 50 kWh is 92%; from 51 – 100 kWh is 95% [...]
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...
Support 20% of interest rate of loan for a coach station expansion project in the form of socialization
On April 16, 2015, the Prime Minister signed the Decision No. 12/2015/QD-TTg to attract investment in and operation of coach station in the form of socialization, based on each locality’s resources, a coach station investment, upgrading or expansion project in the form of socialization will be eligible for a...
PREFERENTIAL POLICIES APPLICABLE TO INDIVIDUALS ENGAGING IN EMERGENCY EVENTS AND SAR
In accordance with the Decree No. 33/2017/ND-CP dated April 03, 2017 of the Government on penalties for administrative violations against regulations on water and mineral resources; the fines for discharging wastewater into water bodies without licenses are between VND 20 – 250 million.
In particular, a fine ranging from VND...
REGULATIONS ON NON-STOP ELECTRONIC TOLL COLLECTION
Decision No. 07/2017/QD-TTg on non-stop electronic toll collection issued by the Prime Minister on March 27, 2017 of the Prime Minister; takes effect on May 15, 2017.
This Decision points out that a vehicle subject to tolls shall be affixed to with a tag in conformity with standards for passive...
INVESTORS IN THE AUCTION TO BUY SHARES IN BLOCKS ARE NOT REQUIRED TO HOLD A PUBLIC PROCUREMENT
Taking effect on the signing date, the Decision No. 41/2015/QD-TTg issued by the Government on September 15, 2015 on selling shares in blocks deals with withdrawal of state capital of unlisted public companies from joint-stock companies that have not been listed or registered on Upcom (Hanoi Stock Exchange), the...
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...
