Archive for September 8th, 2005

US to reconsider dumping duties

08-Sep-2005 Intellasia | 07/Sep/2005 Vietnamnet | 4:26 PM

The US Department of Commerce said it will reconsider anti-dumping tariffs imposed on 29 Vietnamese companies exporting tra and basa fish, according to the Vietnam [...]
» More

Identifying taxes for added income

08-Sep-2005 Intellasia | 30/Aug/2005 General Department of Taxation | 4:25 PM

Businesses being entitled to reduction, exemption of corporate income tax (CIT) for expansion of production must separately calculate added income as a basis for identifying [...]
» More

MoF approval not required for quick deduction of depreciation

08-Sep-2005 Intellasia | 29/Aug/2005 General Department of Taxation | 4:24 PM

In case businesses have registered to calculate depreciation with the tax agency that directly manages the businesses, the businesses are allowed to make quick deduction of [...]
» More

Deductible VAT paid by subsidiaries

08-Sep-2005 Intellasia | 30/Aug/2005 General Department of Taxation | 4:24 PM

A business is allowed to deduct value added tax (VAT) that has been paid by construction, installation subsidiaries when calculating payable tax amount of the whole business. [...]
» More

Administrative fines for wrongly making invoices

08-Sep-2005 Intellasia | 30/Aug/2005 General Department of Taxation | 4:23 PM

Value added tax (VAT) rate levied on exported goods and services is regulated to be 0%. In case businesses still write VAT in goods sale invoices, these businesses are [...]
» More

Declaring VAT and CIT for petroleum exploration

08-Sep-2005 Intellasia | 29/Aug/2005 Ministry of Finance | 4:22 PM

Value added tax (VAT), corporate income tax (CIT) applicable for income incurred from mine exploration, development and petroleum exploration paid by sub-contractors are [...]
» More

Calculation of taxable forex rates

08-Sep-2005 Intellasia | 24/Aug/2005 General Department of Customs | 4:22 PM

Currencies used for payment of imported, exported goods that are traded in the interbank forex market are identified taxable forex rates based on the forex rate between the [...]
» More

Official accounting rate for September

08-Sep-2005 Intellasia | 07/Sep/2005 Ministry of Finance | 4:21 PM

The State Bank of Vietnam has announced the official accounting rate between US dollar and dong for September. One US dollar is 15,835.00 [...]
» More

No import duty refund for re-exported goods with wrong code

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Taxation | 4:21 PM

Under an official letter on August 22, businesses will not be allowed to receive import duty refunds for re-exported goods if the number code of these goods are not written [...]
» More

No CIT incentives for businesses transformed from household businesses

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Taxation | 4:20 PM

Privately owned businesses that are established from the transformation of household businesses will not be allowed to enjoy corporate income tax incentives in accordance [...]
» More

Locations for making customs procedures

08-Sep-2005 Intellasia | 24/Aug/2005 General Department of Customs | 4:20 PM

A business processing exported goods can select one of the following places to make customs procedures for the processed goods: the customs branch under the customs [...]
» More

Rules on changing border gate for goods

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Taxation | 4:19 PM

Under an official letter issued on August 23 by the General Department of Taxation, businesses only are allowed to make procedures concerning changing border gate for goods [...]
» More

No import duty levied on re-imported goods

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Customs | 4:18 PM

Goods have already been exported, but due to some reasons, these goods that forcedly have to be re-imported in Vietnam could not be subject to import duty. Under an official [...]
» More

275 days for import duty payment of imported materials

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Customs | 4:18 PM

Businesses that import materials in order to produce export goods are allowed to pay import duties within 275 days after receiving an import duty payment announcement from [...]
» More

Import duty refunds for re-exported goods within one year

08-Sep-2005 Intellasia | 05/Sep/2005 General Department of Customs | 4:17 PM

Under an official letter issued on August 16 by the General Department of Customs, businesses will be only considered to receive import duty refunds if they re-export goods [...]
» More