Decree on specialised inspection expected to soon realise PM’s guidance

Decree on specialised inspection expected to soon realise PM’s guidance

VCN - The current problems in specialised inspection will soon be solved by the new model which will change entire structure of specialised inspection for imported goods.
Decree 18: Supplement regulations to ensure equality between production and processing

Decree 18: Supplement regulations to ensure equality between production and processing

VCN- Article 12 in Decree 134 does not provide for goods imported for export production that are allowed to be destroyed in Vietnam and actually destroyed.
Draft decree on quality inspection and foods safety inspection consulted

Draft decree on quality inspection and foods safety inspection consulted

VCN- The General Department of Vietnam Customs (GDVC) recently held a consultation workshop to complete the draft decree on quality inspection and foods safety inspection for imported goods.
Decree on quality inspection and food safety inspection perfected

Decree on quality inspection and food safety inspection perfected

VCN- According to the drafting board, principles of quality inspection and food safety inspection for imported goods are performed based on risk management.
Regulations on financial management for PPP projects to be developed

Regulations on financial management for PPP projects to be developed

VCN - The Ministry of Finance has announced a consultation about the draft Decree on financial management mechanism for public-private partnership (PPP) investment projects.
Establish decree drafting team to deploy the model of specialized inspection reform

Establish decree drafting team to deploy the model of specialized inspection reform

VCN- The drafting team is led by Deputy Director General of Vietnam Customs Mai Xuan Thanh, and members of the team are leaders and officials of some units under the General Department of Vietnam Customs.
12 legal documents issued

12 legal documents issued

VCN - In 2020, the General Department of Customs worked closely with ministries and agencies under the Government to develop and submit draft documents to authorities for promulgation of 12 legal documents.
Regulation on mandatory application of e-invoices from November 1 is abolished

Regulation on mandatory application of e-invoices from November 1 is abolished

VCN- The Tax Authority will build data on invoices of the business establishments to put into the invoice database and post them on the General Department of Taxation’s Portal for the search of data on invoices.
Strong policy tackles people abusing trade in foreign goods

Strong policy tackles people abusing trade in foreign goods

VCN- The Law on Export and Import Tax does not include the phrase “foreign goods brought by individuals without invoices and customs procedures”,but only the phrase “duty free norms”.
Scope is not expanded and list of permitted bets specified 

Scope is not expanded and list of permitted bets specified 

VCN- Currently, according to provisions of Decree No. 06, players placing bets via mobile phones must  open a betting account at the betting company. When registering an account, the player must have a payment account at a credit institution.
Bring Tax Administration Law into practice

Bring Tax Administration Law into practice

VCN- Regarding e-invoices, Huy said that as per provisions of the Tax Administration Law No.38, this content will take effect from July 1.
Ministry of Finance submits draft decree on registration fee for cars to the Government

Ministry of Finance submits draft decree on registration fee for cars to the Government

VCN- On June 19, Minister of Finance signed a proposal to the Government on the draft decree on registration fees for domestically manufactured or assembled cars until the end of December.    
Replacement of Decree 20/2017/ND-CP comprehensively removes difficulties inanti-transfer pricing

Replacement of Decree 20/2017/ND-CP comprehensively removes difficulties inanti-transfer pricing

VCN- The development of the decree replacing Decree 20/2017/ND-CP which will remove difficulties for businesses and help regulations in anti-transfer pricing to be consistent with relevant provisions in the Law on Tax administration 38/2019/QH14 will be implemented in the near future.
Draft Decree on reduction of registration fee

Draft Decree on reduction of registration fee

VCN - On June 5, the Ministry of Finance released the first draft of the Decree regulating registration fee rates for domestically manufactured and assembled cars until the end of December 31, 2020.
Mobilising revenues from equitisation and divestment to State budget

Mobilising revenues from equitisation and divestment to State budget

VCN – The Ministry of Finance is developing a decree guiding the management and use of revenues from restructuring, equitisation and divestment of State capital.
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