Deactivate the tin of the business entity of non-operation at registered address
In accordance with the Circular No. 95/2016/TT-BTC dated June 28, 2016 of the Ministry of Finance on guidelines for tax registration, the taxpayer shall be imposed sanctions for TIN usage as prescribed by relevant law provisions. After one year from the date on which the tax authority issued a...
The late payment interest at 0.03% per day on the outstanding amount
This is the important content prescribed at the Decree No. 100/2016/ND-CP dated July 01, 2016 of the Government on elaboration and guidelines for some articles of the law on amendment of the law on value-added tax, the law on special excise duty and the law on tax administration.
On particular,...
The minimum amount of capital required for an airline is vnd 300 billion
This is the content prescribed at the Decree No. 92/2016/ND-CP dated July 1, 2016 of the Government providing for conditional business sectors or activities in the civil aviation industry and takes effect on July 01, 2016.
In particular, the minimum amount of capital required for establishment and maintenance of an...
Apec business travel card shall be valid for 5 years
Ministry of Public Security issued Circular No. 28/2016/TT-BCA on July 05, 2016 on implementation of regulation on issuance and management of APEC business travel cards.
According to this Circular, APEC business travel cards may function as an entry visa into countries and territories as members of APEC business travel cards....
By 2020, 30% of the population makes online purchase
This is the target specified in master plan for e-commerce development in 2016 - 2020 period that been approved by the Prime Minister in Decision No. 1563/QD-TTg dated August 08, 2016.
Specifically, by the year of 2020, there will be 30% of the population make online purchase with the total...
Restricted activities within a coast protection corridor
The Government issued Decree No. 40/2016/ND-CP on May 15, 2016 detailing a number of articles of the Law on Marine and Island Resources and Environment; in which the most important provision is about restricted activities within a coast protection corridor.
Accordingly, exploitation of groundwater may be conducted only in emergency...
National single-window mechanism for inspection of quality of imported goods
On June 03, 2016, the Ministry of Finance and the Ministry of Science and Technology issued Joint Circular No. 77/2016/TTLT-BTC-BKHCN guiding the implementation of the national single-window mechanism with respect to procedures for State inspection of quality of goods imported into Vietnam under the management of the Ministry of...
Securities business is allowed to indirectly invest offshore up to 30% ownership
According to Circular No. 105/2016/TT-BTC dated June 29, 2016 of the Ministry of Finance guiding offshore indirect investment activities of securities businesses, funds investing in securities, securities investment companies, insurance businesses, only securities businesses licensed to undertake securities dealing are allowed to invest or undertake offshore indirect investment with...
A license for hydro-meteorological forecast and warning activities is valid for 5 years at most
In accordance with the Decree No. 38/2016/ND-CP dated May 15, 2016 of the Government detailing a number of articles of the Law on Hydro-meteorology, a license for hydro-meteorological forecast and warning activities is valid for 5 years at most and extend at least 30 days before the license expires...
Organizations performing motor vehicle inspection services not be allowed to be involved in auto transport services
On July 01, 2016, the Government issued the Decree No. 63/2016/ND-CP on requirements for motor vehicle inspection service business (automobiles, trailers, semi-trailers hauled by automobiles and similar vehicles).
Organizations that are granted inspection condition certificates shall be eligible for performing motor vehicle inspection services. Organizations performing motor vehicle inspection services...
