Decree on BT officially issued: Thoroughly overcoming violations of ‘changing land for infrastructure’
VCN – After more than 10 drafts, reports, receiving explanations and completion of the Government’s Decree No. 69/2019 / ND-CP on regulating the use of public assets to pay investors when implementing construction investment projects in the form of build-transfer contract (BT) was officially issued. This is one of the most anticipated regulations among the guiding […]
New guidelines on list of goods subject to customs clearance at the import border gate
VCN – The General Department of Customs has issued a document to guide customs departments on the implementation of Decision 23/2019 / QD-TTg on the list of imported goods subject to customs clearance at the import border gate, which will take effect from September 1, 2019. If imported goods on the list have bills of […]
Instructions to check the the validity of C/O documents in CPTPP
VCN – The General Department of Vietnam Customs issued a document guiding provincial customs departments to receive and check the validity of C/O in the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Regarding C/O on customs declarations, the General Department of Vietnam Customs requests provincial Customs Departments to instruct customs declarants […]
Ministry of Finance’s proposal on tax reduction included in the program to consult the Standing Committee of the National Assembly
Encourage big business households to become enterprises The Ministry of Finance stated that the proposal on applying some preferential policies on CIT for small and micro enterprises (including enterprises, cooperatives and other organizations established and operating according to Vietnamese law) to promote enterprises to develop and expand production, especially to encourage business households to switch […]
Removal of 13 codes of scrap from the list of scrap allowed to be imported
VCN – Deputy Minister of Natural Resource and Environment Vo Tuan Nhan said: “Rejecting imported scrap with high risk of causing environmental pollution, low efficiency of recycling, plastic scap containing dangerous additives with high risk of causing environmental pollution in the recycling process or plastic scrap recovered mainly from household waste.” Removing a number of […]
Customs procedures and tax policies for exported goods designated for delivery
VCN – In cases where export processing enterprises sell goods to a foreign company but deliver the goods to another export processing enterprise as designated by the foreign company, how to carry out customs procedures and tax policies? This question has been answered clearly by the General Department of Customs. About customs procedures The General […]
Proposing to exempt licensing fees in three year for enterprises transferred from household business
VCN –The Ministry of Finance is collecting opinions for the draft decree amending and supplementing articles of Decree No. 139/2016/ND-CP of the Government stipulating about licensing fees. In the draft, the Ministry of Finance planned to exempt licensing fees for organisations, individuals, groups of individuals and households that have just started business or newly established […]
Guiding tax exemption under the new provisions of the Law on export – import duties
VCN- To implement consistently the new and important regulationsof the Law on export – import duties No 107/2016/QH13 being valid from September 1st, 2016, the Finance Ministry has a written instruction for provincial Customs Branches to implement the provisions of this Law. Specifically, the tax exemption of export goods for processing, the Finance Ministry guides: export […]
Renovate tax inspection
VCN- To complete the assigned plan on tax inspection in 2019, the General Department of Vietnam Customs continues to implement key solutions, including the comprehensive renovation of inspection in unified and modern manner. Increase revenue of more than 4,000 billion VND through tax inspection Since the second quarter of 2019, tax authorities have strengthened the […]
Enterprises warned against exchange rate risks
Firms must consider measures on how to mitigate exchange rate risks such as forward and swap dealings in the face of the foreign exchange market undergoing sharp fluctuations, experts have noted. Economic expert Bui Quang Tin said that China is undergoing yuan depreciation as a response to the United States’ trade policy triggered by escalating […]