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...
By the end of 2015, reduce non-performing loans to below 3 %
The National Assembly just approved the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, arranging and restructuring weak credit institutions, continuing implementing measures to reduce non-performing loans to below 3 percent of the...
Foreign experts working under 90 days per year in vietnam are exempted from work permits
In accordance with the Decree No. 11/2016/ND-CP dated February 03, 2016 of the Government detailing the Regulations on the implementation of a number of Articles of the Labor Code regarding foreign workers in Vietnam, the workers enter Vietnam to hold the positions of experts, managers, chief executive officers or...
Charge of VND 01 million for issuance of licenses for setting up representative offices of foreign movie establishments
On November 15, 2016, the Ministry of Finance issued the Circular No. 289/2016/TT-BTC on amounts, collection, payment, management and use of fees and charges in the cinematography.
In accordance with the Circular, the charge for issuance of licenses for setting up branches or representative offices of foreign movie establishments in...
Guidance for preparing interim financial statements
On May 18, 2015, the Ministry of Finance issued the Circular No. 75/2015/TT-BTC amending the Article 128 of the Circular No. 200/2014/TT-BTC dated December 22, 2014 guiding the accounting policies for enterprises.
In accordance with this Circular’s regulation, every enterprise which is required to prepare interim financial statements (quarterly...
TO ALLOW PILOT INTERNATIONAL SOCCER BETTING IN VIETNAM
Takes effect on March 31, 2017, the Decree No. 06/2017/ND-CP dated January 24, 2017 of the Government on business of betting on horse racing, greyhound racing and international soccer, The Government allows 01 enterprise to pilot the business of betting on international soccer. The duration of pilot international soccer...
Enterprise earns at least usd 100 million in annual turnover from import, export shall have priority policy
On May 12, 2015, the Ministry of Finance issued the Circular No. 72/2015/TT-BTC dated May 12, 2015 of the Ministry of Finance guiding the application of priority policy in customs procedures, customs inspection and supervision for exported and imported goods of enterprises.
In accordance with this Circular, to receive the...
Fine forgiveness for late payment of tax incurred of businesses having objective difficulties
Businesses having objective difficulties and having paid the original tax debt prior to December 31, 2014 shall be forgiven of fine for late payment of tax incurred prior to July 01, 2013 is the plan of the Government at the Resolution No. 63/NQ-CP dated August 25, 2014 [...]
Salaries for employees joint-stock companies with state controlling stakes
In accordance with the Decree No. 53/2016/ND-CP dated June 13, 2016 of the Government regulating on management of employees, salaries, remunerations and bonuses by joint-stock companies with State controlling stakes. Employee salaries are according to payroll budget and the reality, every company shall determine the piece rate for production/business...
HIGH-SPEED VESSELS HAVE THE MAXIMUM PERIOD OF 20 YEARS MEASURED
On November 20, 2014, the Government issues the Decree No. 111/2014/ND-CP prescribing the useful life of inland waterway vessels and the useful life of vessels permitted for import and takes effect on January 05, 2015.
Accordingly, inland waterway vessels have useful life from 18 – 35 years depending on each...
