To reduce the import tax of motor sprint by 20% from april 14, 2015
On April 13, 2015, the Ministry of Finance issued the Circular No. 48/2015/TT-BTC amending the preferential import tax rates applicable to a number of items in subheading 27.10 of preferential import tariff.
Accordingly, from April 14m 2015, the preferential import tax for a number of items of biogasoline and...
Hanoi: The maximum condominiums price is VND 16.000
This is the content at the Decision No. 3185/QD-UBND dated June 16, 2014 of the People’s Committee of Hanoi on the service charge scale of condominiums in Hanoi [...]
Not required to be implement the inspection conclusions pending instructions
On March 27, 2014, the Government issued the Decree No. 33/2015/ND-CP prescribing the implementation of inspection conclusions, within that, the inspection conclusions shall be strictly abided by inspected subjects and related agencies, organizations and individuals, the implementation of inspection conclusions shall be supervised, urged and examined by competent state...
The tax rate applicable to incomes from real estate transfer is 2% of the tranfer value
From January 01, 2015, The tax rate applicable to incomes from real estate transfer is 2% of the transfer value and from securities transfer is 0.1% of the securities selling price of each transfer are the important contents in the Decree No. 12/2015/ND-CP dated February 12, 2015 of the...
From april 01, exempt import taxes of many commodities from japan
On February 14, 2015, the Ministry of Finance issued the Circular No. 24/2015/TT-BTC promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019.
Accordingly, applicable from April 1, 2015, through March 31, 2016, to apply the import tax rate of 0% for many commodities....
AGRICULTURE’S GDP PROPORTION OF 15%
The Prime Minister has just signed the Decision No. 1342/QD-TTg dated August 12, 2014 approving the plan of action to develop agricultural machinery industry in implementation of Vietnam’s industrialization strategy within the framework of Vietnam - Japan cooperation through 2020, with a vision toward 2030.
This Strategy shall be implemented...
Procedures of declaring value added tax for foreign contractors
On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority.
Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying value added tax according to the...
Health quarantine process for persons on entry or exit
On December 05, 2014, the Ministry of Health issued the Circular No. 46/2014/TT-BYT guiding the health quarantine process, of which it stipulates health quarantine process for persons on entry or exit or in transit at road and railway border gates, at international airports and at waterway border gates.
Under this...
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...
Exempt electricity activity permit for generating electricity
On May 29, 2015, the Ministry of Industry and Trade issue the Circular No. 10/2015/TT-BCT providing the order and procedure for issue, revocation and duration of electricity activity permit, within that, the most important content is on exemption from electricity activity permit.
Accordingly, beside the case of exempting the electricity...
