In 2017, GDVC coordinated with ministries to review and apply HS codes to 60 goods nomenclatures
VCN- In 2017, the General Department of Vietnam Customs (GDVC) chaired and coordinated with ministries and sectors to review and standardize the goods nomenclature subject to specialized inspection attaching HS codes in accordance with the Vietnam Export and Import Classification Nomenclature enclosing with Circular 65/2017/TT-BTC of the Ministry of Finance. Accordingly, the GDVC had 2 […]
New requirements set for declaration of imported chemicals
The Prime Minister issued on October 9 Decree 113/2017/ND-CP to remove 46 conditions on chemical production, storage and trading with a view to implementing more facilitative policies for enterprises engaged in chemical trading and concurrently helping functional agencies manage more strictly chemical production and trading activities.Under the Decree, which will take effect on November 25, […]
Personal income tax for health insurance
VCN – Health insurance that employers buy for employees would not count towards employees personal income tax. According to the General Department of Taxation, in the Circular No.111/2013 / TT-BTC dated 15/8/2013 of the Ministry of Finance guiding the implementation of the Personal Income Tax Law, the Law on amending and supplementing some articles of […]
Ministry of Finance proposes to raise VAT to 11% from 2019
VCN – In the draft report to the Government on the proposal to develop a Law amending and supplementing some articles of the latest Law on Value Added Tax, the Ministry of Finance continues to propose to raise the value added tax to 11% instead of the current 10%. According to the Ministry, in the […]
Wait to solve problems in the field of construction
VCN- The legal documents on construction in our country have been quite complete, in contributing to creating a business environment of equality and openness, to create maximum convenience for the enterprises. However, it’s a fact there are many inadequacies, causing the enterprises to make unreasonable modifications. To amend the inadequacies In the field of construction, […]
Top 10 legal documents in 2017
1. Planning LawPassed on November 24, and set to take effect on January 1, 2019, the Planning Law prescribes the formulation, appraisal, approval, implementation and adjustment of master plans in the national planning system.The Law marks an institutional transformation aiming to synchronize and unify the current planning regulations.In addition to state resources, the Law encourages mobilization of […]
Removing specialised inspection obstacles for the transportation field
VCN – Recently, the Ministry of Transport has fundamentally change the method of management for specialised inspections with the implementation of risk assessment management. Despite a wide application of international practices and enhancement of post clearance audits, there have still been overlaps in the specialised inspection process between the Ministry of Transport and other ministries. […]
Presidential Office announces six new laws
The Presidential Office announced six new laws at a press conference on December 14. The laws were adopted by the 14th National Assembly at the recent fourth session. They are the Forestry Law, the Law on Amending and Supplementing a Number of Articles of the Law on Credit Institutions, the Law on Amending and Supplementing […]
More banks supporting the online tax payment 24/7
VCN – Expanding the project of online tax payment via banks and Customs clearance 24/7, on 12th December 2017, the General Department of Customs (GDC) has signed a cooperation agreement with 6 banks: Sacombank, Mizuho Bank LTD , SCB, VPBank, HDBank, and LienvietpostBank, which shall collect taxes electronically 24/7 from 15th December 2017. The project […]
Customs has no documents on tax arrears collection of on-spot import and export goods entitled to preferential tax rate
VCN – Regarding the recent information related to enterprises’ comments on the plan for tax arrears collection of some on-spot import and export declarations which have enjoyed special preferential rate, talking with a Customs Newspaper’s reporter on 7th December 2017, Deputy Director of Customs Control and Supervision Department (General Department of Customs) Nguyen Nhat Kha, […]