Ho Chi Minh City Customs proposed to reduce VAT
20/03/2024 09:54 Regulations
VCN - Assessing the implementation of the policy of reducing the VAT rate by 2%, Ho Chi Minh City Customs Department said that in 2023, the amount of VAT reduced (corresponding to 2%) was implemented at the branches of the Ho Chi Minh City Customs Departm
Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)
15/03/2024 13:52 Regulations
VCN - Accordingly, regarding the ownership rate of credit institutions, the Law on Credit Institutions (amended) has stipulated a reduction in the maximum ownership rate at a credit institution from 15% to 10% of charter capital for an institutional share
VCCI proposes zero tax rate to be maintained for exported services
13/03/2024 15:59 Regulations
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed a zero-value added tax (VAT) rate to be maintained for exported services, over worries that tax hikes would undermine the competitiveness of Vietnamese providers against foreign rivals.
Ministry of Finance anwser voters about on-spot imports and exports
13/03/2024 09:41 Regulations
The Ministry of Finance has been collecting comments to aggregate and submit options to the government for abolishing Article 35 of Decree 08/2015/NĐ-CP to ensure consistency between the legal system and reality.
Customs instructs C/O submission for imported cane sugar products
13/03/2024 09:38 Regulations
VCN - The General Department of Vietnam Customs (GDVC) has issued an official dispach instructing local customs departments to process procedures for imported sugar products.
SBV drafts regulations on a testing mechanism for Fintech
11/03/2024 09:52 Regulations
VCN - To prevent risks and promote new products, services, and business models, the State Bank of Vietnam (SBV) has developed a draft Government decree stipulating a controlled testing mechanism in the banking sector.
Finance sector abolishes 40 administrative procedures
09:23 | 10/03/2024 Regulations
VCN - The Ministry of Finance said that in the first two months of 2024, the Ministry of Finance issued four decisions announcing amendments and supplements and replacement of 21 administrative procedures; abolishing of 40 administrative procedures and is
Automate the registration fee management process
10:54 | 05/03/2024 Regulations
The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
Mixed tax regime not yet applied on beer and alcohol products
19:27 | 03/03/2024 Regulations
The Government has decided not to apply the mixed tax regime on beer and alcohol products.
General Department of Taxation reviews draft regulations on loan interest expense cap
16:11 | 19/02/2024 Regulations
The GDT said that it has coordinated with six local tax departments to organise a conference to review a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
The Government regulated four land valuation methods
15:47 | 15/02/2024 Regulations
The Government promulgated Decree 12/2024/NĐ-CP regulating specifically four land valuation methods.
Government issues new regulations on land valuation
05:42 | 09/02/2024 Regulations
The domestic real estate market will have four land valuation methods instead of the current five methods, according to a new decree issued by the Government on February 5.
Proposing to have information sharing mechanism in price management
09:13 | 06/02/2024 Regulations
VCN - In the draft Decree detailing and implementing measures for a number of articles of the 2023 Price Law, the Ministry of Finance has proposed many specific tasks for price stabilization as well as market price analysis and forecasting.
Policy on imported goods for export processing without a processing facility
17:27 | 05/02/2024 Regulations
VCN - The General Department of Customs has just instructed the Hanoi Customs Department to implement regulations on importing goods for export processing without a processing facility in Vietnamese territory.
Proposing for state-owned enterprises to divest capital from loss-making enterprises
14:40 | 02/02/2024 Regulations
VCN - The Ministry of Finance is proposing to amend regulations on removing obstacles for enterprises in which the State holds more than 50% of charter capital in the direction of building a legal basis for these enterprises to divest capital from other e
Untangling procedures for companies to import new products
11:46 | 29/01/2024 Regulations
VCN - According to Da Nang Customs Department, during the customs procedures, the department received feedback from companies that want to expand their range of new products but are unsure about the correct customs declaration procedures and wish to avoid
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Risk prevention solutions for processing and export manufacturing businesses
07:52 | 29/04/2024 Regulations
VCN - Identifying common errors to comply with regulations, prevent risks, and limit errors arising in preparing final settlement reports is an issue of concern to many export processing and manufacturing enterprises.
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and e
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff
09:09 | 11/04/2024 Regulations
The Ministry of Finance has responded to the suggestions of VAMA regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing automobile
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.