Archive for April 8th, 2005

SCT on cigarettes

08-Apr-2005 Intellasia | 07/Apr/2005 Thoi Bao Kinh Te Viet Nam page 3 | 8:02 PM

The Ministry of Finance issued Official Document 3906/TC/TCT dated April 5, 2005 instructing the application of special consumption tax (SCT) on filter tip cigarettes. If a [...]
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Payments of import duties on imported motorbike components

08-Apr-2005 Intellasia | 06/Apr/2005 Thoi Bao Kinh Te Viet Nam page 3 | 8:01 PM

The General Department of Customs (GDC) issued Official Letter 1160/TCHQ-KTTT instructing the payment of 2001 import duties applied to imported motorbike components, [...]
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Duty refunds for overpayment of export-import duties

08-Apr-2005 Intellasia | 3/Apr/2005 Ministry of Finance | 8:01 PM

Under Official Letter 3480 TC/CST dated March 28, 2005 of the Ministry of Finance, if businesses, or customs agencies miscalculate export, or import duties, resulting in the [...]
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Temporarily imported goods exempt from import duty

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Customs | 8:00 PM

Under Official Letter 1182/TCHQ-KTTT dated March 30, 2005 of the General Department of Customs, machinery, equipment, means of transportation that are imported by foreign [...]
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Import duty exemption on imported machinery

08-Apr-2005 Intellasia | 31/Mar/2005 General Department of Customs | 8:00 PM

Businesses that import machinery and equipment to create fixed assets before being issued investment incentive certificates are still exempt from import duty if the time when [...]
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Registration fees for transfer of asset ownership

08-Apr-2005 Intellasia | 29/Mar/2005 General Department of Taxation | 7:58 PM

According to Official Letter 917 TCT/TS dated March 29, 2005 by the General Department of Taxation, organisations, individuals are required to pay registeration fee once for [...]
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Land use fee paid after January 1, 2005 to be applied new land prices

08-Apr-2005 Intellasia | 30/Mar/2005 General Department of Taxation | 7:57 PM

In case businesses are allocated land before January 1, 2005 however the businesses submit documents and pay land related fees after January 1, 2005, such businesses must pay [...]
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Regulations of VAT refund application forms

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:57 PM

Under Official Letter 1211 TCTHQ/KTTT dated April 1, 2005 of the General Department of Taxation, when submitting application to tax agencies to ask for value added tax [...]
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Regulations on paying VAT rates for goods already sold

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:56 PM

Under Official Letter 909 TCT/DNK dated March 29, 2005 of the General Department of Taxation, businesses specialised in trading many types of goods and services subject to [...]
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CIT exemption for science and technology contracts

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:56 PM

Official Letter 905 issued on March 29 by the General Department of Taxation states that all contracts on science and technology, including science and technology development [...]
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No VAT against temporarily imported goods

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Customs | 7:55 PM

Under Official Letter 1207/TCHQ-KTTT dated March 31, 2005 of the General Department of Customs, because temporarily imported and later re-exported goods are not subject to [...]
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Limitations of tax department sanctions

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:54 PM

The General Department of Taxation issued Official Letter 936 on March 30 stating that tax officials only have the authorisation to offer administrative penalties against [...]
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CIT exemptions for compulsory relocation from inner city areas

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:54 PM

Under Official Letter 935 TCT/PCCS dated March 30, 2005 of the General Department of Taxation, if businesses have to remove to outskirts of cities in accordance with the [...]
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Penalties against under pricing

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:52 PM

Under Official Letter 978 TCT/DNK dated April 1, 2005 of the General Department of Taxation, if businesses specialised in trading automobiles, or motorbikes write lower sale [...]
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No VAT deduction for destroyed goods

08-Apr-2005 Intellasia | 3/Apr/2005 General Department of Taxation | 7:51 PM

Businesses are only allowed to deduct and receive input VAT refunds for goods and services that are used for business production of goods and services subject to VAT. Under [...]
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