Archive for February 25th, 2005

Import duty cuts on refined petroleum products

25-Feb-2005 Intellasia | 22/Feb/2005 Thi Truong page 2 | 9:53 PM

The Ministry of Finance signed a decision amending import duties applied to some commodities belonging to the group 2710 of the preferential import list. Accordingly, import [...]
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Penalties for waterway transport

25-Feb-2005 Intellasia | 22/Feb/2005 Thi Truong page 2 | 9:53 PM

Under Decree 09/2005/ND-CP by the government regulating settlement of administrative breaches in the domestic waterway transport sector, illegal use of explosives, which can [...]
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VAT and CIT declaration samples

25-Feb-2005 Intellasia | 22/Feb/2005 Nong Nghiep Nong Thon Viet Nam Online | 9:52 PM

The General Department of Taxation (GDT) issued Official Letter 350/TCT/PCCS dated January 25, 2005 regulating VAT and corporate income tax (CIT) declarations. Accordingly, [...]
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VAT on domestic animal breeds and seeds trading

25-Feb-2005 Intellasia | 21/Feb/2005 General Department of Taxation | 9:51 PM

Domestic animal breeds and seeds are not subject to value added tax (VAT) if businesses running in this field obtain business licenses of domestic animal breeds and seeds. [...]
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Payment of ineligible VAT

25-Feb-2005 Intellasia | 21/Feb/2005 General Department of Taxation | 9:50 PM

Under Official Letter 467 TCT/DTNN dated February 4, 2005 of the General Department of Taxation, if businesses sell goods not subject to value added tax (VAT) and businesses [...]
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Deducting VAT for costs of materials paid by foreign partners

25-Feb-2005 Intellasia | 21/Feb/2005 General Department of Taxation | 9:50 PM

The General Department of Taxation issued Official Letter 473 TCT/DTNN on February 4, 2005 stating that businesses are permitted to receive a deduction of input value added [...]
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VAT on moulds repairing

25-Feb-2005 Intellasia | 21/Feb/2005 General Department of Taxation | 9:48 PM

Under Official Letter 468 TCT/DTNN dated February 4, 2005 of the General Department of Taxation, although producing and trading moulds of all kinds is subject to the value [...]
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PIT refunds

25-Feb-2005 Intellasia | 22/Feb/2005 Nguoi Lao Dong page 2 | 9:47 PM

If an authorised tax agency resolves any requests for refunding personal income tax (PIT) applied to high income earners, the agency will have to be responsible for making [...]
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Preferential CIT for newly established businesses

25-Feb-2005 Intellasia | 24/Feb/2005 Thoi Bao Kinh Te Vietnam page 3 | 9:46 PM

Under the recent instruction of the general Department of Taxation (GDT), preferential policies of corporate income tax (CIT) are, in principle, only applied to any [...]
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Land related compensation

25-Feb-2005 Intellasia | 23/Feb/2005 Hanoi Moi Online | 9:45 PM

The Hanoi People’s Committee signed Decision 26/2005/QD-UB issuing the regulations on making land related compensations and allowances for residential resettlement under [...]
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Debt relief for households hit by natural disasters

25-Feb-2005 Intellasia | 23/Feb/2005 Nong Thon Ngay Nay page 2 | 9:44 PM

The prime minister signed a decision resettling credit debts of households caused by the 2003 floods in Ninh Thuan province. Accordingly, the prime minister agrees in [...]
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Meeting HACCP standards for food products

25-Feb-2005 Intellasia | 22/Feb/2005 Nong Nghiep Nong Thon Viet Nam Online | 9:38 PM

If a business that is licensed to produce food products and meets the Hazard Analysis Critical Control Point, HACCP, standards from June 2005, the business will be permitted [...]
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Vinatex to transform seven subsidiaries to limited liability companies

25-Feb-2005 Intellasia | 24/Feb/2005 Tin Tuc page 2 | 9:37 PM

Vietnam Textile and Apparel Corp (Vinatex) has recently submitted the Ministry of Industry an official letter registering to rearrange subsidiary member companies this year. [...]
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Penalties for sports advertising breaches

25-Feb-2005 Intellasia | 22/Feb/2005 Kinh Te & Do Thi Online | 9:37 PM

The Ministry of Culture and Information and the Sports Committee of Vietnam issued an inter-ministerial circular instructing advertising activities in the sports sector in [...]
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Apparel quotas to US

25-Feb-2005 Intellasia | 23/Feb/2005 Lao Dong page 3 | 9:35 PM

The Ministry of Trade issued Official Letter 0246/TM-DM dated February 21, 2005 to continue to grant apparel quotas to the US based on previous export performance (for the [...]
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