Archive for February 23rd, 2005

Regulation on application of import duties on temporarily imported goods

23-Feb-2005 Intellasia | 21/Feb/2005 Lao Dong page 3 | 7:58 PM

Under Official Letter 569/TCHQ-KTTH dated February 17, 2005 by the General Department of Customs (GDC), if a business wants to use temporarily imported and later exported [...]
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Import duty on motorbike spark plugs

23-Feb-2005 Intellasia | 21/Feb/2005 general Department of Taxatio | 7:57 PM

Under Official Letter 556/TCHQ-KTTT dated February 16, 2005 of the general Department of Taxation, the commodity of motorbike spark plugs imported from Asean is subject to [...]
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Imported goods used as awards entitled to import duty exemption

23-Feb-2005 Intellasia | 15/Feb/2005 General Department of Customs | 7:57 PM

According to Official Letter 538/TCHQ-KTTT dated February 15, 2005 by the General Department of Customs, goods of foreign businesses, individuals imported into Vietnam to be [...]
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Penalties against violations of sale agents

23-Feb-2005 Intellasia | 21/Feb/2005 general Department of Taxation | 7:56 PM

The general Department of Taxation issued Official Letter 485 TCT/PCCS on February 7, 2005 stating that an agent is tasked to sell goods in conformity with the price [...]
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Technology transfer contracts do not prior approval from state agency

23-Feb-2005 Intellasia | 02/Feb/2005 Office of the Government | 7:55 PM

Previously, some technology transfer contracts from abroad into Vietnam were required to obtain approvals from authorised state agencies. However Decree 11/2005/ND-CP dated [...]
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Time of tax reduction, exemption must be registered

23-Feb-2005 Intellasia | 04/Feb/2005 General Department of Taxation | 7:54 PM

According to Official Letter 465 TCT/DTNN dated February 04/Feb/2005 by the General Department of Taxation, businesses having investment expansion projects must register at [...]
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Regulations on e-newspapers

23-Feb-2005 Intellasia | 21/Feb/2005 Phap Luat page 2 | 7:54 PM

The Ministry of Culture and Information issued Official Letter 456/CV-BVHTT to e-newspapers, information content providers (ICP) and e-websites of the Internet regulating the [...]
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PIT on foreigners’ income

23-Feb-2005 Intellasia | 21/Feb/2005 Ministry of Finance | 7:52 PM

The Ministry of Finance issued Circular 12/2005/TT-BTC on February 4, 2005 revising and supplementing some points on personal income tax policy. Accordingly, foreigners who [...]
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Refunds of PIT

23-Feb-2005 Intellasia | 21/Feb/2005 general Department of Taxation | 7:51 PM

Under Official Letter 477 TCT/TNCN dated February 4, 2005 of the general Department of Taxation, when paying personal income tax at the end of every year, if individuals have [...]
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No investment incentives for building works based on contracts

23-Feb-2005 Intellasia | 21/Feb/2005 general Department of Taxation | 7:51 PM

Under Official Letter 456 TCT/DNK dated February 4, 2005 of the general Department of Taxation, if businesses sign contracts to expedite construction projects in other [...]
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PIT on accommodation rental of foreigners

23-Feb-2005 Intellasia | 21/Feb/2005 general Department of Taxation | 7:50 PM

Accommodation rental paid by businesses for employees will be calculated as their taxable incomes. Therefore, under Official Letter 504 TCT/TNCN dated February 17, 2005 of [...]
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Overpaid VAT refunded to businesses

23-Feb-2005 Intellasia | 21/Feb/2005 general Department of Taxation | 7:49 PM

Under Official Letter 489 TCT/DNNN dated February 15, 2005 of the general Department of Taxation, businesses are entitled to the refunds of overpaid value added tax to the [...]
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Refunding import duties applied to process materials

23-Feb-2005 Intellasia | 21/Feb/2005 Nong Nghiep Nong Thon Viet Nam Online | 7:48 PM

Under Official Document 6288/TCHQ-KTTT by the General Department of Customs (GDC), if a business imports raw materials and directly uses imported materials for production or [...]
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Profit sharing documentation required when remitting profit abroad

23-Feb-2005 Intellasia | 04/Feb/2005 General Department of Taxation | 7:47 PM

Official Letter 466 TCT/DTNN dated February 4, 2005 by the General Department of Taxation, when remitting shared profit abroad, in addition to making declaration form on [...]
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Investment mode for Japan funded bridge

23-Feb-2005 Intellasia | 1/Feb/2005 Thoi Bao Kinh Te Vietnam page 3 | 7:45 PM

At the request of the Ministry of Planning and Investment, under Official Letter 725/CV-VPCP by the Office of the government, the prime minister agrees to switch the Building [...]
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