Archive for September 8th, 2005
US to reconsider dumping duties
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 [...]
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Identifying taxes for added income
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 [...]
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MoF approval not required for quick deduction of depreciation
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 [...]
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Deductible VAT paid by subsidiaries
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. [...]
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Administrative fines for wrongly making invoices
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 [...]
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Declaring VAT and CIT for petroleum exploration
Value added tax (VAT), corporate income tax (CIT) applicable for income incurred from mine exploration, development and petroleum exploration paid by sub-contractors are [...]
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Calculation of taxable forex rates
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 [...]
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Official accounting rate for September
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 [...]
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No import duty refund for re-exported goods with wrong code
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 [...]
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No CIT incentives for businesses transformed from household businesses
Privately owned businesses that are established from the transformation of household businesses will not be allowed to enjoy corporate income tax incentives in accordance [...]
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Locations for making customs procedures
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 [...]
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Rules on changing border gate for goods
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 [...]
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No import duty levied on re-imported goods
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 [...]
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275 days for import duty payment of imported materials
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 [...]
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Import duty refunds for re-exported goods within one year
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 [...]
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