Limit on trading, providing interest rate derivative products
According to the Circular No. 01/2015/TT-NHNN dated January 06, 2015 of the Vietnam State Bank stipulating trading and provision of interest rate derivative products of commercial banks, foreign bank branches, credit institutions, foreign bank branches are permitted trading, providing and using interest rate derivative products when limit of net loss on trading, providing and using […]
Before february 02, 2015, publishing land exemption, reduction
The Ministry of Finance issued the Circular No. 156/2014/TT-BTC dated October 23, 2014 amending and supplementing a number of articles of the Ministry of Finance’s Circular No. 135/2008/TT-BTC of December 31, 2008, guiding the implementation of the Government’s Decree No. 69/2008/ND-CP of May 30, 2008, on incentive policies for the socialization of educational, vocational training, […]
Land use right transfers before July 01, 1994 are excluded from personal income tax
This is the important contents prescribed at the Circular No. 151/2014/TT-BTC dated October 10, 2014 of the Ministry of Finance Guiding the implementation of the Government’s Decree No. 91/2014/ND-CP of October 1, 2014, amending and supplementing a number of articles of decrees on taxes. Beside supplementing the regulations on persons who were transferred real estates […]
Decrease some import taxes for some motor cars commodities from 2015
In accordance with the Circular No. 173/2014/TT-BTC dated November 14, 2014 of the Ministry of Finance amending the preferential import tax rates imposed on articles in preferential import tariff issued with Circular No. 164/2013/TT-BTC to implement WTO Commitments in 2015 from January 01, 2015, the import tax rate for motor cars and motor vehicles shall […]
Increase special excise tax by 5% for alcohol and beer from 2016
On November 26, 2014, the 13th National Assembly on November 26, 2014 during the 8th session pass the Law No. 70/2014/QH13 on amending a number of articles of the Law on Special Excise Duty and deciding to increase special excise tax by 5% for some goods and commodities from January 01, 2016. In particular, the […]
Enterprise may make deductions for 10% of the income setting up its science and technology development fund
In accordance with the Decree No. 95/2014/ND-CP dated October 17, 2014 of the Government On investment in, and the financial mechanism applicable to, scientific and technological activities. A state enterprise shall annually deduct between 3% and 10% of the income liable to enterprise income tax to set up its science and technology development fund. A […]
Issue only one auto payment for one account at one bank
In accordance with the Circular No. 39/2014/TT-NHNN dated December 11, 2014 of the State Bank of Vietnam guiding on payment intermediary service, Providers of auto payment are not allowed to issue only one time for auto payment for one account at one bank from March 01, 2015. Also in accordance with this Circular, payment into […]
The application of the automatic import licensing regime to a number of fertilizer products
The Ministry of Industry and Trade issued the Circular No. 35/2014/TT-BCT dated October 15, 2014 prescribing the application of the automatic import licensing regime to a number of fertilizer products, including urea, whether or not in aqueous solution; mineral or chemical fertilizers containing the three fertilizing elements, namely nitrogen, phosphorus and potassium. Automatic import licenses […]
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 types and material. In particular, […]
Not allow the enterprise’s name is to be identical to that of a personality
On October 01, 2014, The Ministry of Culture, Sports and Tourism issued the Circular No.10/2014/TT-BVHTTDL guiding to name for enterprises so as to be suitable with the national history, culture, ethnics, and fine traditions and customs. Accordingly, organizations or individuals that have registered their enterprises operating in the Vietnamese territory in accordance with Vietnamese law […]