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 […]
Decree 45/2016/ND-CP does not stipulate sanctions for processing business
VCN- Regarding the confusion of Binh Duong on administrative sanctions for processing business, the General Department of Vietnam Customs said that the Government’s Decree 127/2013/ND-CP dated 15th October 2013 on sanctions for administrative violations and enforcement of administrative decisions relating to Customs, which was amended and supplemented in Decree 45/2016/ND-CP dated 26th May 2106, does not stipulate […]
Ha Noi Taxation Department: Actively encouraging business households to upgrade to enterprises
VCN- In the first half of 2017, in Hanoi, there were more than 152,000 business households operating, however, the number of business households that moved to current businesses only accounted for a very small percentage. Individual business households have been large, but the tax contribution to total revenues has been quite low (less than 2%), […]
New guidance in the implementation of the Decree on conditions for warehouses and sites
VCN – The General Department of Vietnam Customs has issued a document guiding the provincial and municipal Customs Departments to carry out customs procedures while waiting for handling the cases which fail to meet the conditions prescribed in Decree No. 68/2016 / ND-CP on regulations on conditions for duty-free business, warehouses and sites for Customs […]
How foreign commercial mediation institutions operate in Vietnam
Can foreign commercial mediation institutions be established and operate in Vietnam?According to Vietnamese law[1], foreign commercial mediation institutions that are lawfully established and operating in foreign countries may operate in Vietnam in the form of branches or representative offices.As per the law, branch is a dependent unit of a foreign commercial mediation institution, which is […]
Seaport enterprises required to meet higher conditions
From July 1, seaport enterprises will be permitted for operation only after acquiring certificates of eligibility for seaport operation. Such is a salient point of Government Decree No. 37, issued on April 4, providing conditions for seaport operation business. Accordingly, the decree requires such enterprises to operate seaports for the purposes and according to the functions […]
New regulations to prevent conflicts of interest in corporate governance
From August 1, members of the board of directors, supervisors, director or director general, and other managers of a public company will be required to make public their related interests as prescribed by law.Such is provided in Government Decree No. 71 signed on June 6, providing corporate governance regulations applicable to public companies. The Decree […]
Twenty-eight decrees to be issued, revised in the coming time
A mass of legal documents on land, construction, housing, and investment and business will be issued or revised in the last months of this year or first quarter of next year as announced in the list attached to Prime Minister Decision 1078/QD-TTg of July 25.Accordingly, the PM asks related ministries and agencies to draft 28 […]
Law on Support for Small- and Medium-sized Enterprises
The Law on Support for Small- and Medium-sized Enterprises (the Law), which is the first of its kind in Vietnam, will enter into force on January 1 next year.The Law establishes various support measures for small- and medium-sized enterprises (SMEs). It also creates a legal framework to mobilize the private sector as well as organizations […]
New guidance in the implementation of the Decree on conditions for warehouses and sites
VCN – The General Department of Vietnam Customs has issued a document guiding the provincial and municipal Customs Departments to carry out customs procedures while waiting for handling the cases which fail to meet the conditions prescribed in Decree No. 68/2016 / ND-CP on regulations on conditions for duty-free business, warehouses and sites for Customs […]