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DEDUCT VAT OF GOODS AND SERVICES USED FOR THE SEARCH, EXPLORATION AND DEVELOPMENT OF OILFIELD

The input VAT of goods and services used for the search, exploration and development of oilfield to the first date of extraction or the first date of production shall be totally deducted is the content prescribed at the Circular No. 36/2016/TT-BTC dated February 26, 2016 of the Ministry of Finance guiding the implementation of the

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TO SUPPLEMENT PAYROLL IN HEALTH, EDUCATION AND TRAINING

At the Resolution No. 01/NQ-CP dated January 07, 2016 on major tasks and solutions for directing and administering the implementation of the 2016 socio-economic development plan and state budget estimates, the Government again emphasizes to strictly manage the payroll of cadres, civil servants and public employees; not

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A CREDIT INSTITUTIONS ONLY TAKES DIRECT FOREIGN CURRENCY RECEIPT AND PAYMENT ACTIVITIES OF ECONOMIC ORGANIZATIONS

This is one of the most principles prescribed at the Circular No. 34/2015/TT-NHNN dated December 31, 2015 of the State Bank of Vietnam guiding the provision of foreign currency receipt and payment services.

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INTEREST RATE OF THE DEVELOPMENT FUND OF SMES

The Ministry of Finance has just issued the Circular No. 37/2016/TT-BTC dated February 29, 2016 prescribing interest rate of the Development Fund of small-and medium sized enterprises.

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ADJUSTMENT ON CLASSIFICATION OF PUBLIC INVESTMENT PROGRAMS AND PROJECTS

In accordance with the Decree No. 136/2015/ND-CP dated December 31, 2015 of the Government guiding the implementation of a number of articles of the Law on Public Investment, the first adjustment of the criterion of total investment may be considered only when the annual average consumer price index increases over 30%

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ACCOUNTING DOCUMENTS WRITTEN MUST BE TRANSLATED INTO VIETNAMESE LANGUAGE

This is the content prescribed at the Circular No. 53/2016/TT-BTC dated March 21, 2016 of the Ministry of Finance on amending and supplementing a number of articles of the Circular No. 200/2014/TT-BTC dated December 22, 2014 of the Ministry of Finance guiding the corporate accounting system.

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