Ensuring citizens’ right of access to information
On 23 March 2017, Minister of Justice Le Thanh Long chaired a meeting on the implementation of the Law on Access to Information and drafting a Government’s decree detailing some articles of this Law. The Law on Access to Information (the Law) was passed in April 2016 with a view to laying legal grounds for […]
Revisions to Competition Law proposed
The Ministry of Industry and Trade is gathering public comments on a draft law on amendments to the 2004 Competition Law.The draft revises the current Competition Law’s provisions on control of anti-competitive practices to make them more enforceable and suit market competition realities and international practices.It says the control of anti-competitive practices would be based […]
New legal documents come into effect as from April 2017
There are a range of legal documents of the Vietnamese Government and ministries coming into effect as from April 2017, as follows: 1. Decree No. 10/2017/ND-CP dated 9 Feruary 2017 of the Government on a financial management mechanism for EVN took effect as from 1 April 2017. According to the Decree, EVN was permitted to […]
Businesses rate good and bad regulations
A list of 114 good regulations and 123 bad regulations was selected among 9,297 nominations sent in by people and organizations from many state agencies, associations and the business community in response to the rating of regulations concerning business activities first ever launched in Vietnam.The above result was announced at a seminar held by the […]
The cases to be handled violation when declaring customs valuation
The General Department of Customs has just issued guidance and sent to provincial Customs Departments to handle administrative violations in customs valuation for the case of declared value rejection in clearance or after consultancy. Accordingly, the cases of declared value rejection in clearance or after consultancy will be handled administrative violations in accordance with regulation […]
When is the finalization report at enterprises examined?
A reader sent a question to the Customs Newspaper about the submission of the finalization report on goods processed and produced for export and the examination on the finalization of the Customs authority with the enterprise. This issue is specifically guided by Dong Nai Customs Department. The reader asked: “According to Article 60 of Circular […]
Employers’ unemployment insurance payment rate to be cut by half
The Government has just okayed a proposal to halve employers’ payment rate to the unemployment insurance fund, This is a salient point of Government Resolution No. 34 dated April 7.Accordingly, an employer will be required to pay for its employees just 0.5 percent of the latter’s salary to the unemployment insurance fund, instead of 1 […]
Problems in the handling of tax debts
In the process of remission of tax debts, late payments and fines, there are still many enterprises which can not be subject to tax debt relief under Circular 179/2013 / TT-BTC because they are not State-owned enterprises. Under current regulations, all enforcement measures and tax remission are applied for the amount of tax arrears, […]
Warning about many violations of Customs law
The HCMC Customs Department has issued a warning of many violations in the process of declaration and cargo clearance. According to the Deputy Director General of the General Department of Customs – Hoang Viet Cuong, this warning will help other businesses to avoid mistakes in the process of Customs procedure and cargo clearance. According to […]
Finalization of corporate income tax: Enterprises need to review carefully to avoid errors
Determining corporate income tax is an important step to quickly and easily finalize taxes for 2016. Accordingly, enterprises need to review the paperwork and study the Law to avoid unnecessary errors. According to the provisions of the Law on corporate income tax, the expenses of enterprises which are determined as reasonable expenses to calculate corporate […]