WHAT ARE NEW CHANGES OF THE METHOD FOR UNLAWFUL EARNINGS ON SECURITIES MARKET?
On December 19, 2023, the Minister of Finance issues the Circular No. 73/2023/TT-BTC on amending and supplementing a number of articles of the Minister’s Circular No. 117/2020/TT-BTC dated December 31, 2020, providing the method of calculating unlawful earnings and unlawful profits from violations of the law on securities and securities market. Accordingly, illegal proceeds from […]
WHAT ARE NEW MEASURES TO IMPROVE TRACEABILITY OF PRODUCTS AND GOODS PROVIDED?
The Ministry of Science and Technology has recently issued a circular to tighten the management of traceability of products and goods. Under Circular 02/2024/TT-BKHCN dated March 28, organizations and individuals producing, trading and providing services are required to trace the origin of goods when creating data to ensure at least the name of product and […]
WHAT ARE CEILING AIRFARES FROM MARCH, 2024?
From the beginning of March, the ceiling price for tickets on domestic flight routes will be increased, according to Circular 34 recently issued by the Ministry of Transport. Under the circular, the price framework for basic economy class passenger transportation services will be amended. The ceiling airfares will remain unchanged at VND 1.6 million per […]
WHAT ARE NEW HIGHLIGHTS OF LAW ON BIDDING 2023?
Composed of 96 articles arranged in 10 chapters, the 2023 Law on Bidding creates a complete and consistent legal framework on bidding, procurement and use of state capital. Composed of 96 articles arranged in 10 chapters, the 2023 Law on Bidding (the Law) regulates the state management of bidding activities; competence and responsibility of agencies, […]
EXTENSION OF LAND RENTAL: WHO ARE THE SUBJECTS?
Extension of land rental 2023 is the important content prescribed in Decree No. 12/2023/ND-CP. In accordance with Article 3, Decree No. 12/2023/ND-CP, the subjects entitled to an extension of land rental in 2023, including: (i) Enterprises, organizations, households, business households, and individuals conducting production activities in the following economic sectors: (ii) Enterprises, organizations, households, business […]
Does business households that pay taxes by the presumption method issue invoices?
Business households that pay taxes by the presumption method and wish to use invoices whenever the tax liability arises (In accordance with Point b, Clause 2, Article 6, Circular No. 78/2021/TT-BTC). In particulars, Clause 2, Article 6, Circular No. 78/2021/TT-BTC prescribes: “2. Business households and business individuals using e-invoices include a/ Business households and business […]
Are goods traded in the export processing zones liable for excise tax?
The export processing zone is considered a “micro foreign country” Goods that are traded in the export processing zones are considered as exported goods, accordingly, domestic goods in the export processing zones are not excise tax-reliable objectives. In particulars, according to Clause 20, Article 4, Circular No. 219/2013/TT-BYC: “Non-tariff zones include: Export processing zones, export processing […]
How to refund tax for authorized enterprise for auto part imports?
VCN- If an enterprise registers for participation in the Tax Incentive Program and authorizes another enterprise to import auto parts, the Customs authority which receives the dossier will refund overpaid tax amount to the account of the authorized enterprise upon final settlement in the case where it is eligible for enjoying 0% tax rate in […]
How to handle for postal items that are refused to be received by sender?
The General Department of Vietnam Customs has issued a document to instruct Vietnam Post Corporation on handling postal items sent to foreign countries that are refused to be received by sender. Earlier, Vietnam Post Corporation said that there were many backlogged postal items that were sent to foreign countries but could not deliver to receivers, […]
How to manage banned goods, when new provisions have not been issued?
VCN- The Law on Foreign Trade Management has taken effect since 1st January 2018, stipulating the nomenclature of banned imported and exported goods, and nomenclature of imported and exported goods under the licenses and conditions. But currently, the Government has not issued the nomenclatures. Clause 3, Article 112 in the Law on Foreign Trade Management abolishes […]