Archive for September 28th, 2005

Two more entities providing the valuation service for SOEs being equitised

28-Sep-2005 Intellasia | 26/Sep/2005 Ministry of Finance | 11:11 AM

The Ministry of Finance issued an official document on September 1 stating that the ministry added two more entities that have enough conditions in providing the service on [...]
» More

Nationwide application of the Postcode service

28-Sep-2005 Intellasia | 26/Sep/2005 Ministry of Post and Telecommunications | 11:10 AM

The Ministry of Post and Telecommunications issued an instruction on September 16 stating that Vietnam’s post and telecommunication sector will complete the service of [...]
» More

VAT on goods and services for ODA projects with state’s counterpart capital

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:09 AM

Under an official letter on September 14, when selling goods, services for official development assistance (ODA) projects contributed counterpart capital by the state to pay [...]
» More

Income tax for transfers of equity

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:08 AM

The Ministry of Finance issued an official letter on September 16 stating that if businesses transfer part of the equity that has already been invested in other businesses [...]
» More

Employee bonuses not tax deductible

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:08 AM

Under an official letter on September 13, businesses’ bonuses for employees will likely not be calculated as tax-deductible expenses including those bonuses that are [...]
» More

50% CIT cuts for transferring equity for Vietnam

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:08 AM

The General Department of Taxation issued an official letter on September 9 stating that foreign investors that transfer their equity in joint venture businesses for the [...]
» More

Overpaid VAT deducted from next tax period

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:07 AM

Under an official letter on September 19, businesses overpay value added tax (VAT) of a taxation period, the overpaid VAT will be deducted into the amount of payable VAT in [...]
» More

VAT on sports equipment

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:07 AM

The General Department of Taxation issued an official letter on September 19 stating that all kinds of equipment and instruments used for physical exercises in general, [...]
» More

No CIT incentives for earnings from land use right transfer

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:06 AM

Under an official letter on September 19, incomes from land use right transfers and land lease right transfers will not be entitled to preferential corporate income tax or [...]
» More

CIT exemption for earnings from science and technology development contracts

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:06 AM

Businesses are exempted from corporate income tax for earnings from science research and technology development contracts, science and technology information services. [...]
» More

VAT payment at location headquartered

28-Sep-2005 Intellasia | v26/Sep/2006 General Department of Taxation | 11:05 AM

Under an official letter on September 13, if dependent subsidiaries that are situated in provinces different from the place where their parent businesses are headquartered [...]
» More

Stiff penalties against automobile tax fraud

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:05 AM

The automobile commodity is subject to a value added tax rate of 10%. Under an official letter on September 13, in the case if businesses write incorrectly the VAT rate for [...]
» More

Basic chemical substances subject to 5% VAT

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:04 AM

Under an official letter on September 9, a value added tax rate levied on commodities of basic chemical substances is 5%. It is known that the list of specific chemical [...]
» More

No VAT cuts and refunds for export commodities not subject to VAT

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:03 AM

The General Department of Taxation issued an official letter on September 9 stating if export commodities are not included in the list of commodities subject to value added [...]
» More

Advertising production services subject to 10% VAT

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:02 AM

Under an official letter on September 16, advertising production services including advertisement films and advertisement programmes are subject to a value added tax rate of [...]
» More