Taxation authorities propose delaying e-invoices till July 2019
The General Department of Taxation GDT is considering asking the Ministry of Finance to postpone the compulsory application of e invoices until July 2019 instead of early next year Nguyen Dai Tri, GDT Deputy General Director, announced this at a press conference on e-tax services, held in Hanoi late last week. Specifically, except firms that […]
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, […]
Draft sets forth incentive policies for startups
The Ministry of Planning and Investment (MPI) has recently revealed a draft decree detailing creative startup investment, which is expected to create a legal framework and provide incentive policies for attracting more investment in this field. With 40 articles arranged in seven chapters, the draft is now available for public comment at www.mpi.gov.vn.Under the draft, […]
Decree on piloting granting e-visas for foreigners entering VN
The government has issued Decree No. 07/2017/ND-CP defining procedures on piloting granting e-visas for foreigners entering Vietnam. According to the Decree, foreigners registering for e-visas will realise these following steps: 1 – Getting access to the website on granting e-visas for registering personal information. 2 – Receiving codes for e-files and paying visa fee It […]
Import tariffs from 2018 to 2022 will continue to further cut down
VCN- Recently, the Ministry of Finance finalized and announced the draft of 10 decrees on Vietnam’s Special Preferential Tariff to implement Free Trade Agreements (FTAs) with some countries for broad opinions before submitting the Government to issue. These tariffs have a roadmap to be applied from 2018 to. Multi-tariffs will be 0% Ten types of […]
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 […]