Archive for February 18th, 2005
Regulation on foreign representative offices
The government issued Decree 06/2005/ND-CP regulating the foundation and operation of representative offices of foreign cooperation and research organisations in Vietnam, [...]
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Decree on technology transfer issued
The government issued Decree 11/2005/ND-CP regulating specifically technology transfer activities. Under the above decree, models of technology transfer include transferring [...]
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Temporarily SCT exemption for buses
Any less than 24 seat passenger buses are subject to the application of special consumption tax (SCT). However, under Official Letter 1412/TC-CST dated February 2, 2005 by [...]
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Revised duties on automotive components
Based on the instruction opinion of deputy prime minister, Nguyen Tan Dung, the Ministry of Finance will be authorised to revise to apply import duties to automobile [...]
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Regulations on valuating assets, goods and services
The Ministry of Finance issued Decision 06/2005/QD-BTC regulating valuation of assets, goods and services. This regulation aims at unifying definition of assets, goods and [...]
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Binh Dinh offers tax breaks for new investors
The Binh Dinh People’s Committee issued two stipulations on investment encouragement policies in the locality. Accordingly, every domestic or foreign investor that wants to [...]
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Previous levels of land use fees still applied
The General Department of Taxation (GDT) issued Official Letter 369TCT/TS dated January 26, 2005 stating that Decree 198/2004/ND-CP regulating the collection of land use fees [...]
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Penalties for breach of social insurance policies
The Ministry of Labour, War Invalids and Social Affairs issued Circular 12/2005/TT-BLDTBXH regulating the resettlement of administrative breaches against the Labour Law. [...]
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Import duties on refined petroleum products cut
The Ministry of Finance issued a decision amending and supplementing export and import duties from 15% down to 5% applied to refined petroleum products from February 6, 2005. [...]
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Penalties for data sector breaches
The government issued Decree 14/2005/ND-CP dated February 4, 2005, resettling administrative breaches in the data sector in replacement of Decree 93/1999/ND-CP dated [...]
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Extending deadline of presenting C/O form D
Previously, businesses are required to present certificates of origin (C/O) form D within four months since the C/O granting agency of the exporting country signed in the C/O [...]
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Goods imported from New Zealand not entitled to minimum price
According to Official Letter 493/TCHQ-KTTT dated February 3, 2005 by the General Department of Customs, from May 6, 2004 goods imported from New Zealand will not be subject [...]
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No forced change to English-named businesses
Such commercial names as Co-op Mart, Citimart, Maximart, Fivimart, Intimex and others even proper names called by businessmen must not be renamed or interpreted into [...]
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Land use right not used for mortgage
Based on Official Letter 448 TCT/TS dated February 3, 2005 by the General Department of Taxation, businesses who are leased land by the state are allowed to make mortgage by [...]
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Preferential tax policies granted for construction businesses
Under Official Letter 349/TCT/PCCS dated January 25, 2005 by the general Department of Taxation (GDT), construction activity is also defined as material production activity. [...]
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