Some comments on tax exemption for construction materials to create fixed assets
Criteria to determine “materials used for manufacture of machinery and equipment” and “construction materials” has not been defined clearly, which confuses Customs agencies in the implementation of tax exemption. Clause 11 of Article 16 of the Law on Import and Export Duties No. 107/2016 / QH13 dated 6th April 2016, stipulates that goods imported to […]
Advocate for tax increase on tobacco products
This is the opinion of many participants at the workshop on information on tobacco harm and communication on tobacco harm prevention jointly held by the Fund for Prevention and Control of Tobacco Harm (Ministry of Health), the World Health Organization (WHO) and Health Bridge in Vietnam on 19th April 2018 in Ho Chi Minh City. Heavy […]
Import tax exemption for import goods of three airlines
Three airlines are subject to import tax exemption are Cathay Pacific Airways Limited, Federal Express Corporation and Japan Airlines. Deputy Prime Minister Vuong Dinh Hue has agreed with the proposal of the Ministry of Finance on the import tax exemption under the international agreements for three airlines which are Cathay Pacific Airways Limited, Federal Express […]
Details on the coordination in inspections and supervision for exports and imports at the land border
VCN- The Ministry of Defense has issued Circular No. 44/2018 / TT-BQP amending and supplementing some articles of Circular No. 09/2016 / TT-BQP of the Ministerof Defense detailing and guiding the implementation of some Articles of Decree 112/2014 / ND-CP on management of land border gates. Accordingly, Points a, b, Clause 2, Article 12 of […]
Revising Law on Import and Export Duties: Amending the provisions on the tax rate bracket
VCN- To avoid many different interpretations, causing difficulties in the implementation of provisions on some commodity groups in the Export Tariffs according to the List of taxable commodity groups and the export duty bracket for each taxable commodity group, issued with the Law on Import and Export Duties, the Ministry of Finance has proposed to […]
Food enterprises get a legal boost
With a view to removing unnecessary administrative procedures and bettering the business environment for food producers and traders, the Government recently issued a new decree detailing a number of articles of the Food Safety Law. Decree 15/2018/ND-CP, which came into on February 2 in replacement of Decree 38 of 2012, says food producers and traders […]
Many obstacles in the implementation of Decree 15
VCN- According to the Customs Department of Ho Chi Minh City, although some problems were removed, during the implementation of Customs clearance of imported goods subject to food safety, there are still some problems when applying the regulations in Decree 15/2018 / ND-CP. In case of exemption for inspections of imported food safety for raw […]
Amendment of the Law on Export Tax, Import Tax: Amending the regulations on refund of tax payment
VCN- Recognizing the problems in the tax refund, and to facilitate the taxpayers, the Ministry of Finance has proposed to amend the provisions on tax refund in the draft Law amending and supplementing some articles of the Law on Export Tax and Import Tax No. 107/2016/QH13. Accordingly, in cases where taxpayers had paid the import […]
Registration fee payment can be implemented at banks
That is a new point being implemented by the Tax sector to facilitate the e-registration fee payment for people’s cars and motorcycles. Implementing the Government’s Resolution 19/NQ-CP on improving the investment environment and enhancing national competitiveness and the Government’s Resolution 36a/ND-CP on e-Government, the Ministry of Finance has collaborated with ministries and sectors, to provide […]
Regulation on the establishment and operation of the Asset Valuation Council
The Government has issued Decree 30/2018 / ND-CP detailing the establishment and operation of Asset Valuation Council; order and procedures for asset valuation in criminal proceedings. The Decree clearly stipulates the establishment of Asset Valuation Council for the cases and the establishment of a regular Asset Valuation Council. On the establishment of Asset Valuation Council […]