Category: Legal
Circular finally issued to guide implementation of amended IP law
Law 36/2009/QH 12 dated June 29, 2009, amends and supplements a number of Articles of Law on Intellectual Property 2005 (Law on Intellectual Property) and provides some new [...]
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Tax code reforms to decipher dependents
People who are dependent on personal income tax payers will be given their own tax codes to avoid people lodging claims as dependents of more than one taxpayer. The move [...]
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Measures to help businesses through crunch time
Businesses regard value added tax (VAT) reductions as a practical measure to help them through a difficult time. Despite the government’s stimulus packages in 2012, [...]
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Lawmakers back tax cut proposals to help firms
Many delegates showed their support for the proposal to cut the corporate income and value-added taxes to assist businesses amid the ongoing economic slowdown during their [...]
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Social house renters and buyers to enjoy 50pct VAT reduction
As per the government’s proposal sent to the National Assembly at a meeting on May 20, the agreements to sell, lease or lease-purchase of social houses as prescribed [...]
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Plan to reduce corporate tax to 20pct in 2016
Government has submitted a new corporate tax law for approval on 20th May and on 21st May and National Assembly would review it. The biggest change in this draft was reducing [...]
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PIT collection to be tightened
The Ministry of Finance is completing a draft decree on personal income tax (PIT) with stricter provisions designed to prevent tax revenue losses. The draft government decree [...]
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Vietnam plans tax collection on ‘abandoned’ diplomatic cars
About 1,200 cars left behind by foreign diplomats when their office terms in Vietnam ended will be taxed under a finance ministry proposal, the Saigon Tiep Thi newspaper [...]
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Celebrities in HCM City file meager taxes
The HCM City Department of Tax has announced the total 2012 personal income tax filed by local celebrities was only VND1.2 billion though they are high-incomes earners. Le [...]
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Used-car taxes to rise up to $800
The import tax on used cars of nine seats or more will increase on June 20, according to decision recently issued by the prime minister. Accordingly, for cars under 1,000cc, [...]
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Import tax on used cars to increase
The import tax on used cars of nine seats and more will be increased since June 20, according to the prime minister’s Decision 24/2013/QD-TTg. Accordingly, for cars [...]
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Vietnam slaps extra duty on veggie oil imports
Vegetable oils, including refined soybean, stearin and olein oils, imported into Vietnam from May 7 will be subject to an extra duty of 5 percent for less than 200 days since [...]
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Bright CIT news on horizon
It appears likely that enterprises can enjoy the corporate income tax reduction from July this year instead early next year as planned previously. At the meeting of the [...]
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Law Necessary to Improve Function of Business Groups
Legislation is necessary to streamline the functioning of business groups and ensure they offer their members better support, a workshop heard in HCM City. Speaking at the [...]
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Government issues new standard form for contracts related to sharing oil and gas production
On 22 April 2013, the government issued Decree No 33/2013/ND-CP promulgating a Contract Form for oil and gas production sharing contracts. Accordingly, this Decree [...]
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