Category: Legal
Targeted firms face strict tax checks
The HCM City Tax Department will focus its attention on tax inspection and recovery at certain companies in order to prevent State budget revenues being lost until the end of [...]
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Many legal problems arise after M&A deals
Several merger and acquisition (M&A) transactions take place quickly, but there are also a lot of problems arising in the wake of such deals, heard a seminar held in HCM [...]
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Vietnam’s VAT Refund Has A Slow Start
A VAT refund pilot scheme in Vietnam fails to capture the attention of international tourists according to industry updates that suggest very few tourists bother to apply for [...]
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Eligible gold bars to be SJC-branded
The nationally recognised SJC brand will apply, upon request, to all gold bars that meet standards, said deputy Governor Le Minh Hung of the State Bank of Vietnam (SBV). The [...]
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Penalty set for energy labeling violations
Electrical equipment producers and importers would incur a maximum penalty of VND50 million if they do not stick energy labels on certain products from the beginning of 2013, [...]
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Potential investors eyeing Vietnam’s casino law
The draft law on casinos in Vietnam has stirred public opinion and the interest of potential investors, leaving many to hang the final decision to be made by the Ministry of [...]
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Multi-level marketing needs better legal framework
Although a legal framework for multi-level marketing is available, authorities and companies want it to be improved to facilitate this business field. This view was shared by [...]
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Loosened policies might be no help for economy
The government is gradually loosening the fiscal and monetary policies in a bid to tackle the economic downturn, but the move has yet to give any positive sign to the [...]
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Tax Breaks Needed For Struggling Firms
More value added and corporate income tax support is needed to help under fire companies. According to Vietnam’s Tax Reform Strategy 2011-2020, one of the remarkable [...]
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Late tax payment fines may be charged progressively
Penalties for late tax payments, currently at 0.05 percent per day, irrespective of the period of delay, may be charged on a progressive basis in the future, according to the [...]
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Vietnam to Amend Some Articles in Law of Tax Control from July 1, 2013
Vietnam’s National Assembly Standing Committee’s meeting on August 15 approved some amendments in the Law of Tax Control which are scheduled to be effective from [...]
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Burdened with taxes and fees
Increasing State budget revenue collections and application of many taxes and fees are placing a great burden on businesses and citizens in the context of economic hardships. [...]
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New rule dictates tough fines against false ads
The new decree for the Advertisement Law taking effect early next year will impose tough fines on those running false ads, with the heaviest fine expected to rise five times [...]
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Regulations govern boards of public companies
The Ministry of Finance issued Circular No 121/2012/TT-BTC on July 27, regulating management of public companies. Under the circular, at least one-third of the management [...]
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Vietnam says no to zero import taxes on jet fuel
The Ministry of Finance has turned down a request to remove import duties on jet fuel by Vietnam Airlines and Jetstar Pacific, even after the local carriers said their imput [...]
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