Category: Legal
Limited VAT incentives for border gate traders
Value added tax (VAT) incentives for traders in border-gate economic zones (EZs) should be limited to prevent tax fraud and evasions, the Ministry of Finance proposed. Many [...]
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Corporate tax at 20pct now: expert suggests
Opinions differ between the National Assembly and the Ministry of Finance as to whether corporate income tax should be lowered to 23 percent or 20 percent, but economist Pham [...]
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Firms in line for some tax relief
Tax reforms are on the way to help firms alleviate procedure burdens amid a stormy economy. Apart from reducing value added tax (VAT) payments from 12 times to four times per [...]
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MOF to restore tax incentives to encourage FDI to IZs
The draft of the corporate income tax law compiled by the Ministry of Finance (MOF) is comprised of the provision saying that the tax incentives for industrial zones (IZs) [...]
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Import tax on less than 9-seat used car to increase
Deputy minister of Finance Do Hoang Anh Tuan has signed a decision to issue A Circular No 28/2013/TT-BTC adjusting the import duties on used cars. Accordingly, import duties [...]
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NA chair wants corporate income tax reduced to 20pct
Chair Nguyen Sinh Hung of the National Assembly (NA) wants the Ministry of Finance to slash corporate income tax on all enterprises to 20 percent on January 1, 2016 so as to [...]
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Vietnam gives nod to personal overseas loans
Vietnamese individuals will be allowed to borrow loans from overseas as of next year, under an amended Ordinance on Foreign Exchange recently approved by the Standing [...]
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Government to reduce corporate income tax
A proposal to reduce corporate income taxes was raised during a discussion about amendments in the Corporate Income Tax Law on March 18. Currently, a flat 25 percent income [...]
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Maintaining VAT tax incentives to support businesses
Reasoning economic difficulty, the National Assembly on March 18 agreed not to reduce the number of groups of goods that are entitled to the value added tax rate (VAT) of 0 [...]
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Budget & Finance Committee Approves CIT Cut
Majority of members of Budget & Finance Committee under the National Assembly agreed with cutting plan of corporate income tax (CIT) proposed by the government, the news [...]
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Laws create the bans, but don’t stipulate punishments
The Enterprise Law and relating laws stipulate that enterprises must not use the same names registered before by other enterprises. However, it does not mention how to punish [...]
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Vietnam Issues Circular Guiding Establishment of ETFs
The Ministry of Finance has issued Circular 229/2012/TT-BTC guiding establishment and management of Exchange-traded fund, the document will become effective from September 1, [...]
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Car Registration Fee To Be In Maximum Of 15pct
Car registration will have highest registration fee of 15 percent, the Phap luat TPHCM reported, citing drafts on car registration fee. On March 18, the Ministry of Finance [...]
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Vietnam government Proposes to Keep VAT Unchanged
Vietnam government proposed to keep Value Added Tax (VAT) unchanged, the news provider CafeF.vn reported, citing news from the National Assembly Standing Committee. This [...]
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Wage reforms make sense
Proposed wage reforms have got businesses thinking. The draft law on minimum wage is being penned by the Ministry of Labour, Invalids and Social Affairs (MoLISA) and slated [...]
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