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 […]
One-time ruling – Reduce time and costs for enterprises
VCN – The number of importers registering one-time ruling and using the ruling result many times is increasing after commitments on facilitation by the Ho Chi Minh City Customs Department. Saving time and costs As one of the first enterprises registering one-time ruling at Customs Branch at Saigon Port Zone 1, Pham Tien Luc, staff […]
New policies take effect this month
Policies relating to smuggled tobacco, bank cards, child care and teachers’ probationary periods are set to take effect this month. The finance ministry’s Circular 122/2018/TT-BTC on the management and use of funds raised through auctions of smuggled tobacco products takes effect on February 1. Since the middle of last year, following a decision by the […]
Guidance to lodge license in customs dossier
VCN – General Department of Vietnam Customs has instructed provincial Customs Department to implement the inspection for import license in customs dossier for the case of importing medicine, materials for producing medicine without carrying registration paper in Vietnam, except pharmaceuticals under process as stipulated at Point b, Clause 4, Article 92 of Decree 54/2017/ND-CP of […]