Businesses concerned about waste if foreign standards are not yet recognized

Businesses concerned about waste if foreign standards are not yet recognized

VCN - The draft Law amending and supplementing several articles of the Law on Standards and Technical regulations, led by the Ministry of Science and Technology, is expected to be presented to the National Assembly for consideration during the 8th session
Tax refund applied for imported raw material serving for export production

Tax refund applied for imported raw material serving for export production

According to regulations, imported raw materials for production have paid import tax, when exporting products, if they meet all conditions, they will be refunded tax.
Revising SCT on automobiles must ensure harmony of benefits

Revising SCT on automobiles must ensure harmony of benefits

VCN - At the Workshop "Draft regulations on revising special consumption tax (SCT) on automobiles: Impacts and Recommendations" organized by the Central Institute for Economic Management (CIEM) on August 1, many multi-dimensional comments of experts and b
Completing regulations on land use fees and land rent

Completing regulations on land use fees and land rent

VCN - Assigned to develop a draft Decree guiding the implementation of the 2024 Land Law, the Ministry of Finance has been receiving many comments for the draft Decree on land use fees and land rent.
Amendment of regulations on electronic invoices

Amendment of regulations on electronic invoices

Ministry of Finance has completed the draft Decree amending Decree No. 123/2020/ND-CP dated October 19, 2020 regulating invoices and documents to send to the Ministry of Justice for appraisal.
Developing special preferential import tariff schedule to implement Vietnam - Laos Trade Agreement for 2024-2029

Developing special preferential import tariff schedule to implement Vietnam - Laos Trade Agreement for 2024-2029

VCN - In order to implement Vietnam's commitment on import tax under the Vietnam - Laos Trade Agreement, the Government issued Decree No. 127/2022/ND-CP stipulating the special preferential import tariff schedule to implement the Vietnam - Laos Trade Agre
Regulations on supplementing micronutrients cause waste and ineffectiveness for food businesses

Regulations on supplementing micronutrients cause waste and ineffectiveness for food businesses

VCN - In response to the shortcomings, the Ho Chi Minh City Food Association and a number of industries have repeatedly proposed in a hope to timely lift difficulties for businesses in the food processing industry.
Need to have a specialized process of customs supervision at Binh Nghi (Lang Son)

Need to have a specialized process of customs supervision at Binh Nghi (Lang Son)

it is necessary to have a specific vehicle management and monitoring software system suitable to the reality of Binh Nghi sub-border gate.
Promoting review, classification and management of tax debt

Promoting review, classification and management of tax debt

According to the General Department of Customs, the amount of overdue debt recovered and processed in the first 6 months of 2024 for the all Customs sector reached VND 349 billion.
Documents required for vehicles transporting cargo across Lang Son Border Gate from August 1

Documents required for vehicles transporting cargo across Lang Son Border Gate from August 1

VCN - On July 18, Lang Son Department of Industry and Trade notified the method of delivery and receipt of import and export cargo transported across customs clearance routes and specialized roads in the International Border Gate pair of Huu Nghi (Vietnam
Does goods imported for investment incentives project subjected to tax exemption?

Does goods imported for investment incentives project subjected to tax exemption?

That is the problem of Ba Ria - Vung Tau Customs Department related to processing tax exemption documents for imported goods to serve investment incentive projects.
Border gate area planning associated with digital transformation needs to prioritize human resources, equipment, and infrastructure

Border gate area planning associated with digital transformation needs to prioritize human resources, equipment, and infrastructure

VCN - According to Lang Son Customs Department, to implement the master plan of the land border gate area associated with the goal of digital transformation, in which, to ensure successful implementation of the Customs Development Strategy until 2023, Bui
Proposal to reduce registration fees to restore growth of domestic automobile industry

Proposal to reduce registration fees to restore growth of domestic automobile industry

VCN - Facing the significant decline in auto market sales in the last months of 2023 and early 2024, the Ministry of Finance is asking for opinions from ministries, central agencies and relevant agencies on continuing to reduce registration fee to restore
VAT reform promotes sustainable development of the agricultural sector

VAT reform promotes sustainable development of the agricultural sector

In the revised Draft Law on Value Added Tax (VAT), the conversion of fertilizers and specialized machinery and equipment serving agricultural production to applying 5% VAT
Customs implements VAT reduction policy from July 1st

Customs implements VAT reduction policy from July 1st

To implement the contents relating to customs field, General Department of Vietnam Customs requested local customs departments to reduce VAT for group of commodities as stipulated at Decree 72/2024/NĐ-CP.
Amend the Law on Corporate Income Tax to ensure stable revenue sources for the budget

Amend the Law on Corporate Income Tax to ensure stable revenue sources for the budget

The amendment of the Law on Corporate Income Tax (CIT) aims to overcome inadequacies and overlaps, ensure stable revenue sources for the state budget, and contribute to restructuring state budget revenues
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Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

The Ministry of Finance is drafting a decree amending a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating Vietnam's preferential export tariff schedule and special preferential import tariff schedule to
Must strictly manage duty-free goods

Must strictly manage duty-free goods

The GDVC has just responded to the Binh Phuoc Customs Department to guide Binh Duong Water and Environment Corporation to implement regulations on the management of tax-free imported goods.
Amend the law to protect the rights of accountants

Amend the law to protect the rights of accountants

VCN - Promoting decentralization, delegation of authority, improving state management capacity in the field of accounting, enhancing the responsibility of leaders, etc will ensure the legitimate rights of accountants, prevent corruption and waste.
Simplification is not enough, enterprises need stronger administrative reform

Simplification is not enough, enterprises need stronger administrative reform

Vietnam Chamber of Commerce and Industry (VCCI) said that regulations on administrative procedures need stronger reform.
Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi

Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi

VCN - To support people and businesses with more resources to cope with difficulties and challenges in production and business due to the impact of typhoon No. 3 (Yagi), the Ministry of Finance proposed a 15-30% reduction in land rents in 2024.
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