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...

Fees for processing of applications for the license to use industrial explosives is VND 5 million

Any organizations applying for the license to use industrial explosives granted by competent state authorities must pay the fees for processing of applications for the license to use industrial explosives must pay between VND 2 million – VND 5 million depending on different purpose. The fee for processing of application...

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...

Applying special excise duty to beer products based on alcohol content

Based on viewpoints of developing beer – alcohol – beverage industry by balancing the production and consumption between regions nationwide in order to prevent overusing alcoholic beverages, the Minister of Industry and Trade signed the Decision No. 3690/QD-BCT dated September 12, 2016 of the Ministry of Industry and Trade...

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...

WORKING TIME OF TEACHERS OF COLLEGE OR INTERMEDIATE LEVEL SHALL BE 44 WEEKS PER YEAR

Takes effect on July 01, 2017, the Circular No. 07/2017/TT-BLDTBXH dated March 10, 2017 of the Ministry of Labor, War Invalids and Social Affairs on working regime for vocational education teachers. Accordingly, Working time of teachers of college or intermediate level shall be 44 weeks per year according to 40-hour...

GUIDING THE DETERMINATION AND MANAGEMENT OF CONSTRUCTION SURVEY COSTS

In accordance with the Circular No. 01/2017/TT-BXD dated February 06, 2017 guiding the determination and management of construction survey costs, project owners shall assume the prime responsibility for ensuring quality of construction surveys and managing construction survey costs. Within that, construction survey costs shall be correctly and fully calculated for...

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...

Management and use of seals

The Decree No. 99/2016/ND-CP on management and use of seals is issued by the Government on July 01, 2016, provides  for  the  management and  use  of  seal  of  state bodies, people’s armed forces and bodies of the organizational system of Communist Party of Vietnam, Vietnam Fatherland Front, social –...

Ordinary duties on imports applied for many products

On September 01, 2016, the Prime Minister issued the Decision No. 36/2016/QD-TTg dated September 01, 2016 of the Prime Minister on application of ordinary import duties according to Point c Clause 3 Article 5 of the Law on Export and import duties. Accordingly, ordinary import duty of 5% shall be...