Search From November 1, import tax on crude oil will be reduced to zero percent
Accordingly, the normal import tax rate on crude oil products (item code 2709.00.10) will be reduced from five percent to zero percent.Specifically, amending and supplementing the Appendix of the List of common import tax rates as prescribed in Article 2 of Decision No. 45/2017 / QD-TTg of November 16, 2017. In addition, Decision 28/2019 / […]
Continue to adjust many tax rates in draft preferential import tariff
VCN – Since the middle of March 2019, the Ministry of Finance has twice sent comments for the Draft Decree amending and supplementing Decree No. 125/2017 / ND-CP on the Tariff Schedule and preferential import tax to seek opinions of organizations and individuals. However, by mid-September, newly arising petitions continue to be sent. Currently, the Ministry […]
Circular guiding the implementation of e-invoices was officially issued
Circular 68 states that from November 1, 2020, businesses, economic organisations, other organisations, business households and individuals must register for the application of e-invoices. Accordingly, 100 percent of businesses, organisations, individuals, business households and individuals are required to deploy e-invoices according to the plan specified in Decree 119/2018/ND-CP from November 1, 2020. Some provinces and […]
Ministry of Finance cooperates with other ministries to reform specialized inspections
VCN- Recently, in the written response to the recommendations of the Presidium of the Central Committee of the Vietnam Fatherland Front, the Ministry of Finance said that, as a focal point, the Ministry continued to actively coordinate with other ministries to implement many solutions to reform the specialized inspections under the Prime Minister’s Decision 2026 […]
Search Value added tax policy on repurposed goods
VCN – Facing problems in the calculation of Value Added Tax (VAT) on imported industrial sewing machines subject to import tax exemption but subject to VAT, but are repurposed and sold domestically, some enterprises raised questions on VAT calculation and deduction on repurposed goods, guided by the General Department of Customs. On tax policy According […]
Decree on BT officially issued: Thoroughly overcoming violations of ‘changing land for infrastructure’
VCN – After more than 10 drafts, reports, receiving explanations and completion of the Government’s Decree No. 69/2019 / ND-CP on regulating the use of public assets to pay investors when implementing construction investment projects in the form of build-transfer contract (BT) was officially issued. This is one of the most anticipated regulations among the guiding […]
New guidelines on list of goods subject to customs clearance at the import border gate
VCN – The General Department of Customs has issued a document to guide customs departments on the implementation of Decision 23/2019 / QD-TTg on the list of imported goods subject to customs clearance at the import border gate, which will take effect from September 1, 2019. If imported goods on the list have bills of […]
Instructions to check the the validity of C/O documents in CPTPP
VCN – The General Department of Vietnam Customs issued a document guiding provincial customs departments to receive and check the validity of C/O in the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Regarding C/O on customs declarations, the General Department of Vietnam Customs requests provincial Customs Departments to instruct customs declarants […]
Ministry of Finance’s proposal on tax reduction included in the program to consult the Standing Committee of the National Assembly
Encourage big business households to become enterprises The Ministry of Finance stated that the proposal on applying some preferential policies on CIT for small and micro enterprises (including enterprises, cooperatives and other organizations established and operating according to Vietnamese law) to promote enterprises to develop and expand production, especially to encourage business households to switch […]
Removal of 13 codes of scrap from the list of scrap allowed to be imported
VCN – Deputy Minister of Natural Resource and Environment Vo Tuan Nhan said: “Rejecting imported scrap with high risk of causing environmental pollution, low efficiency of recycling, plastic scap containing dangerous additives with high risk of causing environmental pollution in the recycling process or plastic scrap recovered mainly from household waste.” Removing a number of […]