Implementing the SAFE Framework in Vietnam: Lessons from practice
18/11/2024 10:03 Regulations
The SAFE Framework is a strategic international instrument introduced by the World Customs Organization (WCO) to enhance security and trade facilitation in global supply chains
Implementing the SAFE Framework in Vietnam: Solutions and Recommendations
17/11/2024 09:18 Regulations
Recognizing the significance, impact, and benefits of the SAFE Framework in customs modernization and reform, Vietnam Customs is advancing the implementation of SAFE.
Abolishing regulations on tax exemption for small-value imported goods must comply with international practices
15/11/2024 13:54 Regulations
VCN - The Ministry of Finance said that the abolition of regulations on tax exemption for imported goods valued at less than VND1 million must comply with international practices in the context of the growing trend of cross-border e-commerce activities.
Policy adaptation and acceleration of digital transformation in tax and customs management
14/11/2024 10:03 Regulations
VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
Implement regulations on special preferential import tariffs under VIFTA
13/11/2024 08:32 Regulations
VCN - Accordingly, the GDVC directs local customs departments to disseminate and instruct Customs officers and enterprises to carry out customs procedures, and study the provisions of Decree 131/2024/ND-CP to implement customs declaration in accordance wi
Perfecting tax policy for goods traded via e-commerce
10/11/2024 09:24 Regulations
Customs authority is actively coordinating with policy advisory units of the Ministry of Finance to research and review regulations on tax exemption for import and export goods transacted via e-commerce
Are belongings of foreigners on business trip to Vietnam exempt from tax?
14:23 | 09/11/2024 Regulations
VCN - That is the question of Nhat Viet Relocation Company Limited, which has just been answered by the Customs Department and given specific instructions on providing a confirmation of residence of foreigners on business trip to Vietnam to follow tax exe
Amending regulations on enforcement measures in tax administration
10:05 | 08/11/2024 Regulations
VCN - In draft of 1 law amending 7 laws in the financial sector, the Ministry of Finance proposed to amend the regulations on enforcement measures in tax administration in the Law on Tax Administration.
Customs procedures for import and export goods during system disruptions
15:11 | 07/11/2024 Regulations
When the electronic customs data processing system experiences a disruption, customs procedures for export and import goods, goods under customs supervision, and goods sent via express delivery will follow a separate set of procedures.
Procedures for customs processes when the VNACCS/VCIS system experiences disruptions
15:05 | 07/11/2024 Regulations
The General Department of Vietnam Customs has issued Decision No. 2537/QD-TCHQ, establishing procedures for customs processes for import, export, and goods under customs supervision when the VNACCS/VCIS system encounters disruptions
Proposal extending 50% green tax cut for fuel products in 2025
09:32 | 07/11/2024 Regulations
VCN - The Ministry of Finance has just proposed extending 50% green tax cut in 2025 for gasoline (except ethanol), oil, and grease; reducing about 70% on jet fuel and 40% on kerosene. According to calculations, the total state budget will decrease by abou
Which authorities have the right to request taxpayer information?
15:33 | 05/11/2024 Regulations
The GDVC has recently issued a response to the Asset Valuation Council for Criminal Proceedings of An Giang Province concerning the provision of information on imported goods prices for asset valuation purposes.
The Government adjust import and export tariff rate on certain goods
09:01 | 05/11/2024 Regulations
The government issued Decree 144/2024/ND-CP, amending and supplementing certain provisions of Decree 26/2023/ND-CP on the export tariff schedule, the preferential import tariff schedule
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") fo
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simpl
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
VCN - The representative of the Vietnam Fertilizer Association cites data from the Ministry of Finance, as saying that about VND10,000 billion of VAT has not been deducted from business expenses from 2015 to present.
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Businesses anticipate new policies on customs procedures and supervision
15:41 | 29/11/2024 Regulations
The business community holds high expectations for upcoming amendments and supplements to customs management, procedures, and supervision policies.
Do exported foods need iodine supplementation?
11:06 | 29/11/2024 Regulations
VCN - Currently, Vietnamese processed food products, including seafood products, have been exported to more than 160 countries, and no country has yet required that "salt used in food processing must be salt with added iodine".
Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%
13:43 | 28/11/2024 Regulations
With the majority of National Assembly deputies voting in favor, the National Assembly officially approved the revised Value-Added Tax (VAT) Law
Proposal to change the application time of new regulations on construction materials import
08:52 | 26/11/2024 Regulations
VCN - In early November 2024, the Ministry of Construction issued Circular No. 10/2024/TT-BXD regulating the management of quality of construction material products and goods (Circular 10), being effective from December 16, 2024.
In early November 2024,
Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025
09:00 | 24/11/2024 Regulations
The Ministry of Finance proposed to continue reducing 2% of VAT on groups of goods and services currently subject to a tax rate of 10% in the first 6 months of 2025.