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[...]
TO ANNUL A NUMBER OF FEES IN VETERINARY SERVICES
The Ministry of Finance issued the Circular No. 113/2015/TT-BTC dated August 07, 2015 amending a number of articles of the Circular No. 04/2012/TT-BTC dated January 05, 2012 of the Ministry of Finance providing for the collection, payment, management and use of fees and charges in veterinary services.
Accordingly, from August...
Import of steel scraps must deposit from 10% – 20%
In order to ensure that scrap importers take responsibility for handling environmental risks and pollution which may arise from the imported scrap lots, in the Decree No. 38/2015/ND-CP dated April 24, 2015 on the management of wastes and scraps, the Government requires scrap importers to pay deposits at Vietnam...
Procedures of declaring value added tax for foreign contractors
On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority.
Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying value added tax according to the...
ALLOWED TO SELL DUTY-FREE GOODS ON THE FLIGHT TO VIETNAM
The Prime Minister has just signed the Decision No. 39/2015/QD-TTg dated September 11, 2015 of the Prime Minister on amending and supplementing a number of articles of the duty-free trade issued with the Decision No. 24/2009/QD-TTg dated February 17, 2009 of the Prime Minister promulgating the Regulation on trading...
Prohibit selling a drug at a price higher than its declared or posted price
From January 01, 2017, to prohibit to sell a drug at a price higher than its declared or posted price; Manufacturing, preparing or selling traditional drugs combined with pharmaceutical ingredients without permission of a competent state management agency, providing information, advertising, marketing, making prescriptions for, providing consultations on, labeling...
To 2025, every household shall be given support to develop production
In order to maintain, develop and enhance the position of the sparse ethnic minorities; lessen and eradicate poverty, ameliorate sustainably the material and spiritual life of the compatriots in order to narrow the growth gap with other local ethnic groups, Decrease the annual ratio of poor households to 7%...
Exemption from national occupational skills assessment for winners at a national vocational skills competition
A person who has won the first, second or third prize at a national vocational skills competition is entitled to recognition and grant of a certificate of national occupational skills of level 2 in the occupation in which he/she has won the prize is the content prescribed at the...
Conditions for food safety assurance for production establishments
On December 18, 2014, the Ministry of Industry and Trade issued the Circular No. 54/2014/TT-BCT prescribing the conditions for food safety assurance for processed milk production and trading establishments.
Accordingly, processed milk production establishments must have the production site to be built under the current master plan approved by a...
Deposit interest rate and payment of deposit interest rate for outsourcers
On December 11, 2014, the State Bank of Vietnam issued the Circular No. 40/2014/TT-NHNN guiding the payment and management of outsourcer’s deposits.
In accordance with regulations prescribed in this Circular, when an outsourcer wishes to pay a deposit into its account at a bank, the depositary bank and the outsourcer...
