Machinery are not re-exported but destroyed not subject to taxable goods
VCN- Machinery, and equipment which are temporarily imported but not re-exported and must be destroyed are not be subject to taxable goods and penalty because they are invalid and the destruction must be implemented as per regulation (a destruction council must be set up under the supervision of Customs). The General Department of Vietnam Customs […]
Eligible export processing and manufacturing facilities will be exempted from tax
VCN- One of the conditions for tax exemption and the tax refund is that organizations and individuals importing goods for export processing or manufacturing, that have facilities in Vietnam and have legal use rights. The General Department of Vietnam Customs (GDVC) has issued an Official Letter to respond Dong Nai Customs Department on obstacles in […]
Benefits of e-Customs Declaration Portal
VCN- After 6 months of operation (from March to the end of September 2017), e-Customs Declaration Portal (http://tkhqdt.customs.gov.vn) has step by step affirmed its efficiency in facilitating related parties in the search. Fast and reliable According to the Customs IT and Statistics Department (under the General Department of Vietnam Customs), over the past 6 months, […]
Government asks to cut one third of business conditions
The Government has requested ministries and agencies to further review and remove at least one third or half of existing business conditions in the fields under their management as well as administrative procedures that are hindering businesses’ investment. The specific requirement is set forth in Government Resolution No. 98 dated October 3, 2017, on the […]
Receive enterprises’ opinions on the draft amendment and supplement of Circular 38
VCN- To be in line with the order of elaboration of legal documents, the Circular amending and supplementing Circular 38/2015/TT-BTC is expected to be issued by the Ministry of Finance at the same time as the Government issue Decree amending and supplementing Decree 08/2015/ND-CP. During this time, many contents of the draft Circular amending and […]
71 administrative procedures under management of Ministry of Finance are simplified
VCN- The Government has issued Resolution No.104/NQ-CP on simplifying administrative procedures and civil papers related to population management under the management of the Ministry of Finance. Accordingly, contents are simplified that related to 71 administrative procedures in 3 fields: Securities (32 procedures), Customs (2 procedures) and Tax (37 procedures). In the field of Customs, procedures […]
Many charges, fees to be rebated
The Ministry of Finance (MOF) recently released a number of draft circulars, proposing rebate of many charges and fees payable by businesses and sent them to ministries, ministerial-agencies, Vietnam Chamber of Commerce and Industry, Vietnam Association of Seafood Exporters and Producers, and provincial-level People’s Committees for opinions. In a draft circular, designed to replace Circular […]
Starting register online tax payment 24/7
VCN – From 26/9/2017, the General Department of Vietnam Customs will receive the registration, updating relevant information for taxpayers when registering to participate in electronic tax payment 24/7 at the website of the General Department of Vietnam Customs (address: https://epayment.customs.gov.vn/epaymentportal/login) To participate in this new tax payment process, taxpayers have to register by using digital […]
Guiding allocation of fees for copyright to imported goods value
VCN- According to the General Department of Vietnam Customs has issued an official document to answer Ha Noi Customs Department on obstacle of Tinh Tuom Join Stock Company in declaring, allocating fees for copyright to imported goods value. According to the analysis of the General Department of Vietnam Customs, point b Clause 8, Article 14 […]
Finance Ministry to regulate e-trading
The Ministry of Finance has developed a draft circular that provides a general legal framework on the electronic trading activities at the stock market. The draft circular has been sent to the market members to collect their ideas and opinions. It is expected to ensure that the electronic trading activities at the stock market will […]