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EXEMPTION OR REDUCTION OF LAND RENTS FOR ENTERPRISE PARTICIPATING IN ACCOMPLISHMENT OF POLITICAL OBJECTIVES

On January 20, 2016, the Ministry of Finance issued the Circular No. 14/2016/TT-BTC on finance mechanism applied to wholly state-owned single-member limited liability companies participating in political objectives, assurance of social security, and regulation of supply and demand of the economy.

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MID-TERM AND LONG-TERM LOANS MUST BE REGISTERED WITH THE SBV

On February 26, 2016, the State Bank of Vietnam issued the Circular No. 03/2016/TT-NHNN providing several instructions on foreign exchange administration in respect of enterprise’s foreign borrowing and foreign debt repayment of enterprises.

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INCREASE THE IMPORT TAX FOR DIAMMONIUM PHOSPHATE TO 5%

This is the important content prescribed at the Circular No. 25/2016/TT-BTC dated February 16, 2016 on changes in preferential import tax rates imposed on diammonium hydrogen phosphate (diammonium phosphate) of HS code 3105.30.00 in preferential import tariff schedule.

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Why does Intellectual Property relate to small and medium enterprises??

Intellectual Property is everywhere around us. All products and services used in our daily life are resulted from creativity, such as changing designs or improving technique to create the recent

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TO ANNUL THE REGULATIONS ON CREWMEN’S PASSPORT

The Vietnam Maritime Code No. 95/2015/QH13 passed by the National Assembly on November 25, 2015, taking effect on July 01, 2017 with many important contents. Firstly, this Code annuls the regulation that crewmen working in Vietnam ships in the international borders must have crewmen’s passport to transit, instead, the

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PERSON HELD IN TEMPORARY DETENTION ALLOWED MEETING RELATIVES ONE PER MONTH

The National Assembly has passed the Law No. 94/2015/QH13 dated November 25, 2015, persons held in custody may meet their relatives once during the period of custody and once during each extended period of custody. Persons held in temporary detention may meet their relatives once a month; any increase in the number of

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ADJUSTING SALARIES AND MONTHLY INCOMES FOR WHICH THE SOCIAL INSURANCE PREMIUMS

The Circular No. 58/2015/TT-BLDTBXH issued by the Ministry of Labor, War Invalids and Social Affairs on December 29, 2015 guiding the adjustment rate of salaries and monthly incomes for which the social insurance premiums have been paid.

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ASSESS THE COMPLIANCE WITH THE TAX LAW

On December 21, 2015, the Ministry of Finance issued the Circular No. 204/2015/TT-BTC providing for application of risk management in tax management including tax registration, declaration, payment, tax debt and enforcement of implementation of administrative decisions on tax, tax refund, tax verification and inspection, creation,

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GUIDES ON DECLARATION OF VALUE-ADDED TAX AND INCENTIVES FOR PROJECTS MANUFACTURING SUPPORTING INDUSTRY PRODUCTS

On February 05, 2016, the Ministry of Finance issued the Circular No. 21/2016/TT-BTC guiding on declaration of value added tax and priorities of enterprise income tax as stipulated under the Decree No. 111/2015/ND-CP dated November 03, 2015 on development of supporting industries.

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