Archive for November, 2004
Draft law bans minors from using internet cafes
The ministries of culture and information, police, post and telecommunication are drafting the circular regulating internet services supply shops. The draft circular [...]
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Feasibility study to buy ten A321 aircraft approved
The prime minister has issued Decision 1249/QD-TTg dated November 23, 2004 approving the feasibility study report of the medium range airplane A321 investment project whose [...]
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NPLs of petroleum national reserves
The prime minister has issued Official Document 6318/VPCP-KTTK instructing that oil and petroleum held at national reserves should not be sold for payments of bank loans. The [...]
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CIT on golf memberships
The Ministry of Finance has issued an official document instructing local tax agencies to synchronously tax policies applied to activities of the selling of memberships for [...]
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Allocation of state budget expenses
Finance minister, Nguyen Sinh Hung has instructed all levels of the finance ministry to issue strict methods applied to any ministries, state agencies and localities that [...]
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Road regulations changed
The government has issued Decree 186/2004/ND-CP regulating the administration and protection of traffic infrastructure. The decree that includes seven chapters and 57 clauses [...]
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Automobile manufacturing and assembling standards
The Ministry of Industry has issued Decision 115/2004/QD-BCN on the issuance of the Regulation on Standards of Automobile Manufacturing and Assembling. Accordingly, [...]
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Retailing group licensed
The government has recently signed a decision in principle to permit Parkson Group (Malaysia) to establish Parkson Vietnam Co., Ltd to trade retailing trade centres. The [...]
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No CIT on site compensations
Under Official Letter 13610 TC/CST dated November 22, 2004 of the General Department of Taxation, when businesses have to move to other places to conform to the planning of [...]
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Businesses authorised to choose time to apply CIT incentives
Businesses operate in the field or areas that are entitled to investment incentive policies will be exempt or reduced from corporate income tax in some first years of [...]
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10% CIT on interest of foreign loans
Foreign enterprises that have earnings from Vietnam must be subject to taxes in Vietnam. Under Official Letter 3859 TCT/PCCS dated November 22, 2004 of the General Department [...]
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No PIT on staff of foreign contractors abroad
As regulated, before paying staff and employees, foreign contractors have to deduct salaries to pay personal income tax for these staff and employees to tax agencies of [...]
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Subsidiaries authorised to use their own VAT invoices
At present, there are many subsidiaries of a business that are located in the same place and even some of them have one common director. However, the prevailing regulation of [...]
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Seven kinds of papers as substitute for ID cards
The Ministry of Transport has recently decided to adjust regulations on papers for civil flight goers. Accordingly, in domestic flights, in addition to identity cards and [...]
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Import duty on special vehicles for the disabled
According to Official Letter 5749/TCHQ-KTTT dated November 26, 2004 by the General Department of Customs, three-wheel motorbikes produced for handicapped people are entitled [...]
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