Duty-free allowances for luggage whose total customs value does not exceed VND 10 million
In accordance with the Decree No. 134/2016/ND-CP dated September 01, 2016 of the Government on guiding the Law on Export and Import duties, each time a person immigrates under a passport or a passport substitute (except for laissez-passers) issued by a Vietnamese authority or foreign authority, he/she shall be...
Responsibility to assess, and claim compensation for environmental damage
On January 06, 2015, the Government issued the Decree No. 03/2015/ND-CP providing the assessment of environmental damage and replaces the Government’s Decree No. 113/2010/ND-CP of December 3, 2010, providing the assessment of environmental damage and takes effect on March 01, 2015.
Accordingly, organizations or individuals that pollute or degrade the...
enterprise may make deductions for 10% of the income setting up its science and technology development fund
In accordance with the Decree No. 95/2014/ND-CP dated October 17, 2014 of the Government On investment in, and the financial mechanism applicable to, scientific and technological activities. A state enterprise shall annually deduct between 3% and 10% of the income liable to enterprise income tax to set up its...
Equitization of parent company – VN agricultural machinery corporation
On April 05, 2016, the Prime Minister signed Decision No. 562/QD-TTg on approving plan for equitization of parent company – Viet Nam Engine and Agricultural Machinery Corporation (VEAM), combined transfer a portion of State- owned capital and issuance of new shares in order to increase the charter capital.
Accordingly, Viet Nam...
Increase the export tax rates applicable to gold jewelry, goldsmiths’ wares by 2% from may 07, 2015
On March 23, 2015, the Ministry of Finance issued the Circular No. 36/2015/TT-BTC dated March 23, 2015 amending the export tax rates applicable to gold jewelry, goldsmiths’ wares and other golden articles in subheadings 71.13, 71.14, 71.15 of export tax schedule.
Accordingly, from May 07, 2015, the export tax rates...
Applying special excise duty to beer products based on alcohol content
Based on viewpoints of developing beer – alcohol – beverage industry by balancing the production and consumption between regions nationwide in order to prevent overusing alcoholic beverages, the Minister of Industry and Trade signed the Decision No. 3690/QD-BCT dated September 12, 2016 of the Ministry of Industry and Trade...
REGULATIONS ON DERIVATIVE SECURITIES
On March 16, 2017, the Ministry of Finance issued the Circular No. 23/2017/TT-BTC dated March 16, 2017 of the Ministry of Finance on revising and supplementing a number of articles of the Circular No. 11/2016/TT-BTC dated January 19, 2016 on instructions for certain articles of the Government's Decree No....
To public the environmental protection charge on mineral exploitation submitted before march 31
In accordance with the Circular No. 66/2016/TT-BTC dated April 29, 2014 of the Ministry of Finance guiding the implementation of the Government’s Decree No. 12/2016/ND-CP of February 19, 2016, on environmental protection charge on mineral exploitation, No later than March 31 annually, environmental protection charge collecting agencies shall make...
VAT refund for goods of foreigners
On May 30, 2014, the Ministry of Finance issued the Circular No. 72/2014/TT-BTC on the VAT refund for goods of foreigners, overseas Vietnamese’s goods (hereinafter referred to as foreigners) brought with when exit[...]
Staying overnight must register with local commune-level public security offices
In accordance with the Decree No. 34/2014/ND-CP dated April 29, 2014 on promulgating the Regulation on land border areas of the Socialist Republic of Vietnam, Vietnamese citizens (except border inhabitants) and foreigners entering land border areas and staying overnight shall register [...]
