Vietnam amends tax laws in tune with trade pacts
To create more favorable conditions for taxpayers and enhancing the tax administration, the XIIIth National Assembly on April 6 passed the Law Amending and Supplementing a Number of Articles of the Law on Value-Added Tax, the Law on Excise Tax and the Law on Tax Administration at its 11th session. Below are some prominent […]
Registration fees to be uniformly applied nationwide
From July 1, 2017, the Ministry of Finance (MOF) would take over the provincial-level People’s Committees’ power to decide on registration fees for all assets, except for houses and land, to be uniformly applied nationwide. According to a draft decree on registration fees recently proposed by the MOF forpublic comment, as for houses and land, […]
Government plans to submit TPP to National Assembly for ratification in July
The Trans-Pacific Partnership (TPP) agreement will be submitted to the 14th National Assembly for ratification at its first session scheduled for July this year.This is highlighted in Resolution No. 33/NQ-CP of May 9, on the Government’s April 2016 regular meeting. Accordingly, the Ministry of Industry and Trade will work with the Ministry of Justice, the Government […]
Legal documents issued from May 2 thru 8
From May 2 thru 8, four legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Decree No. 31/2016/ND-CP On sanctioning of administrative violations in the fields of plant varieties and plant protection and quarantine Government May 6, 2016 June 25, 2016 Decision No. 19/2016/QD-TTg Promulgating the Regulation on responsibilities of […]
Draft law to offer various supports to startups
The Ministry of Planning and Investment is working on the second draft of a law on supports for small- and medium-sized enterprises (SMEs), which is expected to devote a separate section on programs to assist startup businesses. According to drafters, supports would be given to SMEs set up and having operated for three years since […]
Extended visa waiver for European visitors expected
In near future, citizens of the United Kingdom, France, Germany, Spain and Italy may have the visa requirement waived for five years instead of one year as currently. This is among the proposals brought forward by the Ministry of Culture, Sports and Tourism, with a view to making full use of the policy to attract […]
Mining-sourced tax collection needs improvements
Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance. The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature […]
Mining-sourced tax collection needs improvements
Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance. The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature […]
Nation looks to improve business climate and competitiveness
Prime Minister Nguyen Xuan Phuc on April 28 inked Resolution No. 19/NQ-CP on major tasks and solutions to improve the business environment and national competitiveness during 2016-17, with a vision towards 2020. Under the Resolution, Vietnam will improve its criteria on business climate and competitiveness to reach the average indicators of the ASEAN-4 group (Singapore, […]
Legal documents issued from April 25 thru May 1
From April 25 thru May 1, five legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Decree No. 30/2016/ND-CP Detailing investments from the social insurance, health insurance and unemployment insurance funds Government April 28, 2016 June 16, 2016 Resolution No. 19-2016/ND-CP On major tasks and solutions to improve the […]