Increase the import tax for petroleum to 35% from january 07
The Ministry of Finance has just issued the Circular No. 03/2015/TT-BTC dated January 6, 2015 of the Ministry of Finance amending the preferential import tax rate for some petroleum commodities in the Heading 27.10 in the Preferential Import Tariff, decide to increase the preferential import tax for leaded or...
Any advertisement giving incorrect information or confusing the customers shall be fined up to VND 140 million
In accordance with the Decree No. 71/2014/ND-CP dated July 21, 2014 of the Government detailing the Law on Competition on imposition of violation penalties against the Law on Competition.[...]
TUITION FEE FOR PUBLIC PRESCHOOL EDUCATION WITH MAXIMIZED LEVEL OF VND 300.000 PER MONTH
Take effect on December 01, 2015, the Decree No. 86/2015/ND-CP dated October 2, 2015 of the Government on mechanism for collection and management of tuition fees applicable to educational institution in the national education system and policies on tuition fee exemption and reduction and financial support from academic year...
Prepay up to 15% when sign up the auction of national reserve commodities
In accordance with the Circular No. 89/2015/TT-BTC dated June 11, 2015 of the Ministry of Finance guiding warehouse, delivery, purchasing and selling of national reserve commodities, persons who sign up the auction shall be provided with information, documents related to commodities to be auctioned; must pay for the fee...
Industrial park’s managing board allowed to issue the work permit for foreigners
The Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 32/2014/TT-BLDTBXH guiding the authorization for performing a number of tasks of state management of labor in industrial parks, export processing zones, economic zones and hi-tech parks.
Accordingly, district-level People’s Committees shall authorize industrial park management boards to...
THE LIST OF LICENSE-EXEMPT RADIO DEVICES AND ACCOMPANYING TECHNICAL AND OPERATIONAL CONDITIONS
On December 26, 2016, the Ministry of Information and Communications issued the Circular No. 46/2016/TT-BTTTT dated December 26, 2016 of the Ministry of Information and Communications on the List of license-exempt radio devices and accompanying technical and operational conditions.
The List of license-exempt radio devices includes 14 short range devices;...
Prohibit trading cigarettes, liquors on e-commerce management portal
On December 05, 2014 the Ministry of Industry and Trade issued the Circular No. 47/2014/TT-BCT on the management of e-commerce websites. This Circular does not apply to websites operating in the fields of finance, banking, credit and insurance; websites for trading and exchange of money, gold, foreign currencies and...
issue only one auto payment for one account at one bank
In accordance with the Circular No. 39/2014/TT-NHNN dated December 11, 2014 of the State Bank of Vietnam guiding on payment intermediary service, Providers of auto payment are not allowed to issue only one time for auto payment for one account at one bank from March 01, 2015.
Also in accordance...
Guides on declaration of value-added tax and incentives for projects manufacturing supporting industry products
On February 05, 2016, the Ministry of Finance issued the Circular No. 21/2016/TT-BTC guiding on declaration of value added tax and priorities of enterprise income tax as stipulated under the Decree No. 111/2015/ND-CP dated November 03, 2015 on development of supporting industries.
Accordingly, for tax payers being organizations manufacturing supporting...
Conditions on issuance of license for establishment of representative offices in vietnam
The Decree No. 07/2016/ND-CP detailing the Trade Law on representative offices, branches of foreign businesses in Vietnam issued by the Government on January 25, 2016; within that, the most important content is that a foreign business can not establish more than one representative office or branch that has the...
