Archive for March 14th, 2005
China and Laos succeed in joint project to produce latex
A collaboration between China and Laos to produce latex has proven so successful that it’s been expanded to several Laotian provinces. The project’s not only [...]
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Under-reported bird flu cases since Tet
An additional 11 people have been infected with bird flu in Vietnam and about eight of them have died, though the cases have yet to be reported officially by local health [...]
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Redundancy rules for workers at equitising SOEs
The Ministry of Labour, War Invalids and Social Affairs issued a circular instructing the application of labour policies for all employees or state owned enterprises that are [...]
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Import duties cut on apparels imported from US and EU
The Ministry of Finance issued Decision 13/2005/QD-BTC dated March 8, 2005 modifying import duties applied to apparel and textile products imported from the US and European [...]
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Labour rules in IPs/EPZs
Under Official Letter 829/VPCP-VX dated February 23, 2005 regulating the application of state policies and the regulations on labour and living activities in industrial parks [...]
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Government control of all religious activities
The government issued Decree 22/ND-CP dated March 1, 2005 guiding the implementation of some clauses written in Ordinance on Religion. The above decree regulates specific [...]
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Tax registration for change of address
Under Official Letter 620 TCT/DNK dated March 4, 2005 of the General Department of Taxation, when changing the location, within five days after businesses are granted [...]
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Fines paid from after-tax profit
Under Official Letter 607 TCT/DTNN dated March 4, 2005 of the General Department of Taxation, if businesses are administratively penalised during its operation, they will [...]
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PIT payments by entertainers
Under Official Letter 656/VHTT-KHTC by the Ministry of Culture and Information regulating the application of personal income tax (PIT) on high income earners, 25% of the [...]
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VAT refunds for export contracts in advance
In order to resettle capital problems facing many businesses under the deferred payment method, the Ministry of Finance allowed businesses to deduct input value added tax [...]
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Vouchers paid to foreigners via banks
Export businesses have to submit a list of vouchers to prove that they have already paid exported goods and services with foreign partners via banks in the application of [...]
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Fines for false tax expense deductions
The General Department of Taxation issued Official Letter 592 TCT/TTr dated March 2, 2005 stating if businesses make invoices for costs that have not emerged in fact, they [...]
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Tax deductible expenses on inland transportation costs
Under Official Letter 583 TCT/DNNN dated March 2, 2005 of the General Department of Taxation, businesses in commercial areas are not allowed to deduct value added tax (VAT) [...]
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Regulations on self-printed VAT invoices
Under Official Letter 619 TCT/PCCS dated March 4, 2005 of the General Department of Taxation, when state-owned enterprises are converted into joint stock companies, or change [...]
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Loosening outward remittance limit
Vice director of the central bank-HCM City branch Ho Huu Hanh has recently proposed the State Bank of Vietnam raise allowances transferred to relatives abroad from US$5,000 [...]
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