Legal News

Re-declaration when changing more than 3% by-automobile transportation fare/freight rates

From December 01, 2014, enterprises, cooperatives and business households engaged in by-automobile transportation business or provision of road transportation support services in the Vietnamese territory, re-declaration of fare/freight rates shall be made by units that increase or reduce their fare/freight rates by more than 3% compared to previously declared...

Must having payment of deposits for scraps import

This is the content of the Law No.55/2014/QH13 on Environmental Protection passed by the National Assembly on June 23, 2014.[...]

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[...]
reduce the import tax of motor

To reduce the import tax of motor sprint by 20% from april 14, 2015

On April 13, 2015, the Ministry of Finance issued the Circular No. 48/2015/TT-BTC amending the preferential import tax rates applicable to a number of items in subheading 27.10 of preferential import tariff. Accordingly, from April 14m 2015, the preferential import tax for a number of items of biogasoline and...

ENTITLEMENTS FOR ORGANIZATIONS AND INDIVIDUALS INVOLVED IN ANIMAL HEALTH ACTIVITIES UNDER STATE’S REQUIREMENTS

If persons who carry out animal health activities at the request of competent state agencies contract diseases, get injured or die, they shall be considered for enjoying entitlements and policies as war invalids and fallen heroes in accordance with the law on preferential treatment of persons with meritorious services...

To guide the application of advance pricing agreements to tax administration

On December 20, 2013, the Ministry of Finance promulgated Circular No. 201/2013/TT-BTC guiding the application of Advance Pricing Agreements to Tax Administration. According to the Circular, the taxpayer shall decide whether the APA is unilateral, bilateral, or multilateral when submitting the APA application. While the APA application is processed, the...

Encourage to participate in the voluntary pension program

This is the content prescribed at the Decision No. 144/QD-TTg dated January 20, 2014 of the Prime Minister on Approving the scheme on formation and development of the voluntary pension program in Vietnam[...]
legal updates 002

MUST DECLARE INCOME IN SOFTWARE PRODUCTION

The Ministry of Information and Technology issued the Circular No. 16/2014/TT-BTTTT dated November 18, 2014 on identifying the software production; within that, the most important content is the requirements applied to software producers. Accordingly, organizations and companies must have Certificates of Business registration, certificates of investment, or written appointments issued...
bad debt

By the end of 2015, reduce non-performing loans to below 3 %

The National Assembly just approved the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, arranging and restructuring weak credit institutions, continuing implementing measures to reduce non-performing loans to below 3 percent of the...
dealing in real estate must

From july 2015, dealing in real estate must have a legal capital of vnd 20 billion

According to the Law on Real Estate Business No. 66/2014/QH13 approved by the National Assembly on November 25, 2014, replacing the Law on Real Estate Business No. 63/2006/QH11, from July 01, 2015, organizations and individuals dealing in real estate are required to establish enterprises or cooperatives (below referred to...