Import duty exemption for 5 years for assemble medical equipment
On December 8, 2014, the Ministry of Industry and Trade issued the Circular No. 10/2015/TT-BTC Detailing the implementation of the Prime Minister’s Decision No. 54/2014/QD-TTg of September 19, 2014, on import duty exemption for components imported to produce or assemble medical equipment prioritized for research and manufacture.
Domestically unavailable components...
Tax paid on invividual’s behalf is in deductible expenses
On June 22, 2015, the Ministry of Finance issued the Circular No. 96/2015/TT-BTC guiding the Enterprise Income Tax in the Decree No. 12/2015/ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law Amending and Supplementing a Number of Articles of the Tax Laws and amending...
Import conditions of automobiles and motorcycles for repatriated overseas Vietnamese citizens
On February 12, 2014, the Ministry of Finance issued the Circular No. 20/2014/TT-BTC prescribing the import of automobiles and motorcycles as personal effects of overseas Vietnamese who are permitted to register permanent residence in Vietnam[...]
Guarantees for sale and hire-purchase of future-acquired houses
On June 25, 2015, the State Bank of Vietnam issued the Circular No. 07/2015/TT-NHNN stipulating the bank guarantee, within that guarantees for sale and hire-purchase of future-acquired houses is the most important contents.
In particular, when giving a bank guarantee to the owner of real estate projects developed for the...
TIME LIMIT OF AN AUDIT DOES NOT EXCEED 60 DAYS
Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Making and sending audit reports; Oversight of performance of audit conclusions and audit requests.
In accordance with...
THE WITHDRAWAL PLAN OF DEPOSITS MUST BE SENT BEFORE THREE MONTHS
On January 24, 2017, the Ministry of Finance issued the Circular No. 08/2017/TT-BTC dated January 24, 2017 of the Ministry of Finance guiding the management and use of environmental remediation deposits paid by mining organizations, promulgates the deposit payer shall send withdrawal plan of deposits to the deposit receiver...
Exempt licensing fees for households having annual revenues of less than vnd 100 million
The individuals, groups of individual and households that have their trade/production activities with annual revenues of less than VND 100 million shall be exempted from licensing fees is the important content prescribed at the Decree No. 139/2016/ND-CP dated October 04, 2016 of the Government on licensing fees.
Beside the individuals,...
Pilot procedures for online issuance of certificate of origin
On April 24, 2015, the Minister of Industry and Trade signed the Decision No. 4082/QD-BCT on pilot procedures for online issuance of Certificate of Origin.
Accordingly, within 03 months from April 24, 2015, the pilot procedures for online issuance of Certificate of Origin are applicable to applications for the Certificate...
Disposal of security assets must be Informed at least before 7 days
On June 06, 2014, the Joint-ministries of Justice, Natural resources and Environment, the State Bank of Vietnam issued the Joint Circular No. 16/2014/TTLT-BTP-BTNMT-NHNN guiding a number of matters on disposal of security assets.[...]
Fees for flights over the vietnam’s airspace
On October 06, 2016, the Ministry of Finance issued the Circular No. 146/2016/TT-BTC dated October 06, 2016 of the Ministry of Finance providing for fees for flights over the Vietnam’s airspace and the collection, transfer and management thereof.
Accordingly, the fee for flight distance over the Vietnam's airspace under 500...
