Propose to reduce a series of fees and charges
VCN- Implementing Decree 75/ND-CP on monthly Government’s meeting in Jun 2017, the Ministry of Finance has presented 5 draft Circulars on the reduction of fees and charge to remove difficulties for businesses and send to ministries and ministerial-level agencies, VCCI and People’s committees of provinces and cities under central authority for consultation. First of all, […]
Amending Law on PIT: Reducing burden for employees
VCN – In the Bill amending and supplementing 5 Laws on tax drafted by the Ministry of Finance to be submitted to the Government to submit to the National Assembly Standing Committee to include into the law making program 2018. Proposals on personal income tax (PIT) have been towards employees, especially PIT incentives for some […]
Vietnam Customs continues to support enterprises
Vietnam Customs has just issued Decision 2917/QD-TCHQ on the action plan of General Department of Customs for the implementation of Prime Minister’s Directive 26/CT-TTg dated June 6, 2017, on continuing to effectively deploy the Resolution No. 35/NQ-CP in 2017 and vision for 2020. Decision 2917/QD-TCHQ takes effect from August 28, 2017, and replaces Decision 1907/QD-TCHQ […]
Why are 5 laws on tax required to be amended at the same time?
VCN – This is the first time that the Ministry of Finance has finalized a Bill amending and supplementing 5 laws on tax including Law on VAT, Law on special consumption tax (SCT), Law on corporate income tax CIT), Law on personal income tax (PIT) and Law on severance tax (ST) to submit to the […]
Many preferential policies attract investment in special economic zones
VCN – The Draft Law on special administrative units sent to the Government, the Ministry of Planning and Investment (MPI) proposes many preferential policies on land and taxes to enhance the ability to attract investment capital, especially from foreign-invested capital into 3 special administrative – economic units Van Don (Quang Ninh province), North Van Phong […]
Financial Law Day 2017: Strengthening institutional and financial policy reform
VCN- The Minister of Finance has just signed the Decision No. 1572 / QD-BTC on the implementation of the Law Day of the Socialist Republic of Vietnam and Financial Law in 2017. The theme of the Law Day this year was selected by the Ministry of Finance was to “Continue to improve institutions, improve the […]
Ministry of Finance to cut taxes for all small and medium-sized firms
The Ministry of Finance suggested reducing corporate income tax for small and medium-sized firms which make up of 98 percent of total local firms. During the revision of Law on Corporate Income Tax, the Ministry of Finance has proposed to reduce the tax to be in more accordance with the newly-issued Law on Support for […]
Expand scope of electronic invoice application
VCN – in 2010, the Government issued Decree No. 51/2010/ND-CP stipulating invoices for sales of goods and services. In 2014, this Decree was amended and supplemented by Decree 04/2014/ND-CP. Two decrees have changed the method of invoice management, contributed to risk management and matched with international practices. However, due to changes from the actual situation, […]
Solve problems to facilitate and ensure the management requirements for transit goods, transship goods
VCN- Regulations on the customs procedures for transit goods and transship goods are important contents in the draft Decree amending and supplementing Decree 08/2015/ND-CP. Therefore, after many meetings, on 9th August, the General Department of Customs continued to hold a meeting with the representatives of the Ministry of Industry and Commerce, the Ministry of Finance, the […]
Seafood enterprise propose to solve difficulty in paying tax for wastage
VCN – According to information from Vietnam Association of Seafood Exporters and Producers (VASEP), from the reflections of enterprises, VASEP has sent dispatch No.108 to General Department of Vietnam Customs to propose for solving the difficulty in paying tax for wastage, substandard products, and overage raw material that have been imported for export processing. According […]