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Draft law proposes new fat tax on carbonated soft drinks

01-Mar-2014 Intellasia | VNS | 6:00 AM

A special consumption tax of 10 per cent is likely to be imposed on carbonated soft drinks due to their potential health risks. This is mentioned in the revised draft of the [...]
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Proper Procedure for VAT Filing in Vietnam

01-Mar-2014 Intellasia | Vietnam-briefing | 6:00 AM

As Vietnam’s dynamic economy continues to evolve, its tax regime is also continuing to develop to fit the new needs of the country and those doing business within it. [...]
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Vietnam simplifying Business Law to attract investment

27-Feb-2014 Intellasia | Thanhniennews | 6:00 AM

Amendments to the Business Law do away with the need for firms to register their business purpose and stick to it, ease restrictions on foreign firms and require transparency [...]
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Regulations outline roles in State capital management

27-Feb-2014 Intellasia | VNS | 6:00 AM

The Ministry of Finance issued Circular No 21/2014/TT-BTC (February 14, 2014) promulgating regulations on the activities of the authorised representative (Representative) of [...]
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Vietnam Issues Circular 219 on VAT

22-Feb-2014 Intellasia | Vietnam-briefing | 6:00 AM

The Vietnamese government has recently released Circular 219. The Circular contains guidance on the implementation of the new VAT Decree 209. Circular 219 is effective [...]
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Overseas remittances free from income tax

22-Feb-2014 Intellasia | Biz Hub | 6:00 AM

Overseas remittances are now free from income tax, the State Bank of Vietnam has confirmed on its website, following government directions to facilitate overseas Vietnamese [...]
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New law to end capital contribution conflicts

21-Feb-2014 Intellasia | VIR | 6:00 AM

A new draft of the Enterprise Law looks to scale down litigation over capital contributions by requiring limited liability companies to finalise their obligations to submit [...]
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Lower VAT urged for key exports

18-Feb-2014 Intellasia | Biz Hub | 6:00 AM

Reduction of the value added tax for agro-forestry-fishery products should be made to help producers and exporters cope with low market demand and financial difficulties, [...]
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Revised law prioritises local contractors

18-Feb-2014 Intellasia | Biz Hub | 6:00 AM

The revised bidding law, which took effect in January, prioritises local bidders, made-in-Vietnam products, human resource development, and job creation. Le Van Tang, Head of [...]
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Decree guiding advertising law in Vietnam comes into force

17-Feb-2014 Intellasia | Lexology | 6:00 AM

On 21 June 2012 the National Assembly passed the Law on Advertising which, among other things, contains very strict provisions on the advertising of special goods that may [...]
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Tax waived for some imported agro materials: report

15-Feb-2014 Intellasia | VNA | 6:00 AM

The Ministry of Industry and Trade has issued a new circular on exempting tax for imported agricultural materials used in prioritised investment projects in accordance with [...]
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One year late, FDI projects may be revoked: new rules

14-Feb-2014 Intellasia | Vietnamnet | 6:00 AM

The Ministry of Planning and Investment (MOPI) has announced the amended draft Investment Law to create a more favourable and transparent environment for investors and to [...]
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Father of Flappy Bird may be liable for large tax bill

14-Feb-2014 Intellasia | Dtinews | 6:00 AM

Flappy Bird developer Nguyen Ha Dong, who earned around VND 210 billion (USD9.93 million) from the game, may have to pay around VND 10 billion (USD473,148) in income taxes, [...]
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New rules set for foreign investment in credit institutions

13-Feb-2014 Intellasia | VNS | 6:00 AM

The government has issued guidelines for the purchase of shares in Vietnamese credit institutions by foreign investors and their sale by these institutions through Decree No [...]
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Vietnam eyes hike in tax on alcohol, tobacco

13-Feb-2014 Intellasia | Thanhniennews | 6:00 AM

The Ministry of Finance has recommended an increase in excise tax on alcohol and tobacco by 15-20 percentage points as part of the government’s efforts to reduce [...]
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