Temporarily import for re-export frozen foods must pay a deposit of VND 10 billion

This is the content prescribed at the Decree No. 77/2016/ND-CP dated July 01, 2016 on amending and supplementing a number of provisions on investment and business conditions in the fields of international goods trading, chemicals, industrial explosives, fertilizers, gas trading, and food trading under the state management of the...
Legal Updates

Issue notification of classification results is within 5 working days

This is the content prescribed at the Circular No. 14/2015/TT-BTC dated January 30, 2015 of the Ministry of Finance guiding the classification, analysis for classification; analysis for quality inspection and food safety inspection of exports and imports. Accordingly, within 5 working days, or 20 working days in case the analysis...
the Ministry of Finance announcing the average electricity selling price used as taxable price of natural water resources used for hydropower generation.

Increase the average electricity selling price used as taxable price of natural water resources from march 16

This is the important content prescribed at the Decision No. 567/QD-BTC dated March 26, 2015 of the Ministry of Finance announcing the average electricity selling price used as taxable price of natural water resources used for hydropower generation. In particular, from March 16, 2015, the average electricity selling price used...

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...

Receive 10% of the value of confiscated material evidences and fine payment on announcing administrative violationns

This is the content prescribed at the Circular No. 105/2014/TT-BTC dated August 07, 2014 of the Ministry of Finance amending, supplementing a number of articles of the Circular No. 153/2013/TT-BTC dated October 31, 2013[...]

To guide the application of advance pricing agreements to tax administration

On December 20, 2013, the Ministry of Finance promulgated Circular No. 201/2013/TT-BTC guiding the application of Advance Pricing Agreements to Tax Administration. According to the Circular, the taxpayer shall decide whether the APA is unilateral, bilateral, or multilateral when submitting the APA application. While the APA application is processed, the...

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...

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...

TO ADJUST AVERAGE MONTHLY INCOME FOR WHICH SOCIAL INSURANCE

Takes effect on February 11, 2017, the Circular No. 42/2016/TT-BLDTBXH dated December 28, 2016 of the Ministry of Labor, War Invalids and Social Affairs on indexing factor in calculation of average monthly income for which social insurance has been paid. Accordingly, Indexed monthly wage as the basis for social insurance...

Exempt from import duty for machinery imported or temporarily imported for re-export to serve ODA

On December 03, 2013, the Ministry of Finance issued the Circular No. 181/2013/TT-BTC guiding the implementation of tax policies and incentives for programs and projects funded with official development assistance (ODA) capital or concessional loans provided by donors[...]