Archive for February 23rd, 2005
Regulation on application of import duties on temporarily imported goods
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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