THE NATIONAL TECHNICAL REGULATION ON FROZEN TRA FISH FILLETS
On March 21, 2017, the Ministry of Agriculture and Rural Development issued Circular No. 07/2017/TT-BNNPTNT introducing the national technical regulation on “fishery product - frozen Tra fish fillets”.
Within that, frozen Tra fish fillet refers to the boneless flesh which has been cut from a Tra fish body by cutting...
New provision on land rental exemption and reduction
The Government issued Decree No. 135/2016/ND-CP dated September 09, 2015 amending and supplementing a number of articles on collection of land rental and water surface rental, within that prescribed land rental exemption or reduction is not applied in the case of auction on land lease rights.
Similarly, land use levy...
Notarization of economic contracts the maximum fee shall be VND 70 million/case
The Circular No. 257/2016/TT-BTC issued by the Ministry of Finance on November 11, 2016 on regulations on notarial and authentication service fees, fees for verification of eligibility for practicing as a notary, fees for verification of eligibility for operating private notary office, charges for processing of applications for notary...
Electronic data messages are considered the identification of evidences
In accordance with the Law on Administrative Procedures No. 93/2015/QH13 passed by the National Assembly on November 25, 2015, beside original exhibits, Notarized or authenticated documents, testimonies of involved parties or witnesses…From July 01, 2016, electronic data messages expressed in the form of exchange of e-data, e-documents, emails,...
Guiding the methods for defining customs value of exported and imported goods
On March 25, 2015, the Ministry of Finance issued the Circular No. 39/2015/TT-BTC prescribing customs value of exported and imported goods. According to this Circular, The customs value is the selling price of goods at the border gate of exportation exclusive of international insurance cost (I) and international freight...
Apply the enterprise income tax of 20% from January 01,2016
The persons subject to the tax rate of 22% specified in this Clause shall be subject to the tax rate of 20% shall applied onJanuary 01, 2016 is the content prescribed at the Decree No. 218/2013/ND-CP dated December 26, 2013 of the Government detailing and guiding the implementation of the Law on Enterprise Income Tax[...]
ASSIST HEALTH INSURANCE IN 2 YEARS FOR HOUSEHOLDS AFFECTED BY MARITIME ENVIRONMENTAL INCIDENT
On January 06, 2017, the Prime Minister issued Decision No. 12/QD-TTg on approving the “scheme for determination of damage, compensation and assistance in business recovery and social security for maritime environmental incident - affected residents in Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue provinces”
At the Scheme,...
Change the method of tax calculation for foreign contractors
On August 06, 2014, the Ministry of Finance issued the Circular No. 103/2014/TT-BTC guiding the fulfillment of tax liability of foreign entities doing business in Vietnam or earning income in Vietnam, regulates that the contractor/subcontractor has a permanent establishment in Vietnam or the contractor/subcontractor is a resident of Vietnam[...]
Extra-small enterprises shall not bound to appoint the chief accountant
The Ministry of Finance issues the Circular No. 132/2018/TT-BTC on providing guidance on accounting regimes of extra-small enterprises.
Accounting regimes have some particular points as follow:
- For the design of the structure: Extra-small enterprises shall be charged with performing accounting duties without being bound to appoint the chief accountant;
- Extra-small...
Policies on protection and development of coastal forests
On August 23, 2016, the Government issued the Decree No. 119/2016/ND-CP on policies on sustainable management, protection and development of coastal forests to cope with climate change. This Decree takes effect on October 10, 2016.
Organizations, enterprises, households and individuals making investment in protection, development and use of coastal forests...
