New preferential import and export tariff nomenclature will take effect by 1 January, 2018
VCN- The Government has issued Decree 125/2017/ND-CP amending and supplementing a number of articles of the Government’s Decree 122/2016/ND-CP dated 1 September 2016 on preferential import and export tariff, Goods Classification Nomenclature and absolute tax rate, complex tax rate, and import tariff-free quota. Attaching with the Decree are Appendix 1- the export tariff nomenclature under […]
Workshop addresses difficulties in codification of investment regulations
The codification of regulations on business investment conditions has realized the spirit of freedom of enterprise enshrined in the 2013 Constitution but there remain difficulties in the process due to disperse regulations in specialized legal documents, heard a workshop in Hanoi on October 13. At the event entitled dialogues on legal issues arising in the […]
Numerous tasks laid down for better business environment
In addition to removing unnecessary and unreasonable business conditions, authorities will also focus on improving mechanisms and policies so as to create a safe and less risky business environment to attract investment from the private sector and facilitate fair and equal competition in accordance with the market mechanism. In order to ease private enterprises’ access […]
Procedures for customs valuation to be further simplified
The General Department of Customs is working out a draft decree to revise Decree 08 issued in 2015, which focuses on simplification of procedures for customs valuation to create more favorable conditions for priority enterprises in the customs sector. According to an official from the General Department of Customs, current regulations still lack the method […]
6 procedures of industry and trade sector prepare to implement on single window system
VCN – For chemicals declaration procedure, Ministry of Industry and Trade and General Department of Vietnam Customs (GDVC) has agreed on a technical plan and urgently built system in order to put into official operation on 25/11/2017. Specifically, in 2017, Ministry of Industry and Trade coordinating with GDVC implement to connect 6 new administrative procedures […]
Procedures for customs valuation to be further simplified
The General Department of Customs is working out a draft decree to revise Decree 08 issued in 2015, which focuses on simplification of procedures for customs valuation to create more favorable conditions for priority enterprises in the customs sector. According to an official from the General Department of Customs, current regulations still lack the method of […]
Draft circular to facilitate e-transactions in the securities market
The Ministry of Finance is gathering comments on a draft circular guiding e-transactions in the securities market which sets out principles and procedures for carrying out such transactions in a smooth and safe manner. As per the draft, e-transactions in the securities market must adhere to the principles of clarity, equality, truthfulness, safety, effectiveness, and […]
Not allow to extend the time of tax payment more than 1 year
VCN- Some cases have difficulties in business and production leading to difficulties in fulfilling tax obligation with the State, the Taxation will permit to extend the time of tax payment maximum 1 year from the expiry date of tax payment. According to the General Department of Taxation, the Government’s Decree 83/2013/ND-CP dated July 22, 2017 […]
Amending the Law on Export Tax and Import Tax: To create more favorable conditions for the enterprises
VCN- In order to solve the problems of enterprises and at the same time, to create transparency and science in the implementation of tax policies of the Law on Export Tax and Import Tax, the General Department of Customs reviewed the problems in the implementation of this Law, on that basis, proposed amendments for the […]
Vietnam Customs uses equipment and machinery to inspect imported and exported goods
VCN – Mr. Au Anh Tuan, Acting Director Acting Director General of Customs Control and Supervision Department (General Department of Vietnam Customs (GDVC) said that the GDVC has invested in equipment systems to inspect and supervise imported and exported goods at ports. Thus, the inspection is done not only by manual but also by modern […]