Category: Legal
Legislator cut enterprise income tax
Law makers on April 16 backed the government’s proposal to reduce the current general level of enterprise income tax to 22 per cent in an effort to boost investment in [...]
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Vietnam considers lowering VAT to bring businesses up
The Ministry of Finance is drafting the amended VAT law to be submitted to the National Assembly for ratification in the upcoming National Assembly’s 5th session. Under [...]
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NA Finance Budget Committee Agrees With 50pct VAT Cut For Some Real Estate Activities
The National Assembly Standing Committee and the Finance Budget Committee on April 16 agreed with the government’s proposal to cut 50 percent VAT on selling, hiring and [...]
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Preferential import duty rates increase
On April 4, the Ministry of Finance issued Circular No38/2013/TT-BTC amending preferential import duty rates applicable to some commodities, including polymeric styrene in [...]
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Taking measures to protect the environment
The government has requested ministries, ministerial-level and government-related agencies and People’s committees of provinces and centrally run cities to ensure [...]
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Big tax breaks will make us more honest, companies say
A higher corporate tax than the regional average and not treating advertising as a deductible expense are putting the squeeze on already troubled firms, business [...]
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MPI signals tax incentives for long-term investors
Vietnam is expected to offer tax exemption and reduction for expansion parts of foreign-invested projects as well as tenants in industrial zones in order to attract long-term [...]
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Asean Members Discuss ICT Cooperation in Vietnam
Representatives of 10 Asean member countries gathered in Vietnam’s northern port city of Hai Phong on Thursday to discuss cooperation in information and communication [...]
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Associations urge corporate tax reductions
Representatives of business associations on Tuesday asked for further corporate income tax reduction while advertising expenditures should be increased to help local [...]
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Ministry seeks to remove tax debts at now-defunct State firms
The Ministry of Finance is seeking approval from the prime minister to remove tax debts shouldered by State-owned entities that have been equitised, disbanded or transferred [...]
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New regulations manage pharmaceutical industry
On March 29, 2013, the Ministry of Health issued Circular No10/2013/TT-BYT amending and supplementing a number of articles of Circular No02/2007/TT-BYT on conditions for the [...]
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Jewellery export tariffs reviewed
The Ministry of Finance is weighing to impose a new tariff on jewellery exports as the current tax rate, which has been applied since 2011, is no longer suitable to the [...]
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New draft decree could lead to construction violations
The Ministry of Construction has issued a draft decree on the levels of fines for unlicensed construction work. According to the draft decree on fines on construction [...]
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PM sets new airline capital thresholds
Prime minister Nguyen Tan Dung has signed a decision stipulating that no commercial airline can be formed unless it has a minimum capital of 300 billion VND (14.4 million [...]
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MPI signals tax incentives for long-term investors
Vietnam is expected to offer tax exemption and reduction for expansion parts of foreign-invested projects as well as tenants in industrial zones in order to attract long-term [...]
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