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The promotional activities to attract investment have been increasingly paid attention. Specifically, the Ministry of Finance has just issued Circular 31/2013/TT-BTC specifying the financial support for this activities. Accordingly, the state budget will support 100% of the funding for investment environment promotional activities such as: – Promoting the policies and guidelines about investment in Vietnam on the domestic …

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On April 4th, the Ministry of Finance issued Circular 38/2013/TT-BTC adjusting the import tax rate for some commodities as follows: Unpacked synthetic filament yarn (for retail) from elastomeric type (code 5402.44.00) and high carbon steel wire coated copper alloy used for inflatable pneumatic rubber tire (code 7217.30.31) will have tax rate of 3%. Regardless the elastic polystyrene …

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Organization providing electronic tax service (T-VAN) is responsible for transferring the electronic tax record to the electronic portal of the tax authorities at least 2 hours/time since received electronic tax record from the taxpayer. At the same time, organization providing T-VAN service is responsible for the case that the tax record of the taxpayer transferred …

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The Ministry of Finance has announced 37 new auditing standards in Circular 214/2012/TT-BTC, these standards will be applied from January 1st 2014. Some auditing standards may be cited as: Standard No. 210 – Audit contract, Standard No. 230 – Audit documents and records, Standard No. 300 – Planning for the audited financial statements, Standard No. 500 – …

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In order to provide audit service, service provider has to follow the business registration procedures. The dossier requesting for the certificate of eligibility to conduct audit service must have all the following documents: – An application for certification; – List of auditors practicing with labor contract; – A copy of the certificate of registration to …

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Current Vietnam law on Social Insurance regulates conditions entitled to labor accidents for workers that compulsorily participate in social insurance in cases: – Accident at work and during working hours, including during breaks, mid-shift meal, preparation time and finish the job. – Accident at work or outside working hours when working as requested by the …

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One key point to be noted in the Decision 563/QD-NHNN issued by the State Bank of Vietnam (SBV) is that: The trading of gold will be stopped if before announcing the result, the gold price fluctuates over the price in the approved plan. The exchange office will notify the participating traders to stop trading. Additionally, a number …

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From April 29th 2013, the import tax for used passenger car from 9 seats (including the driver) will be increased. Accordingly, for car less than 1,000 cc in heading 8703 of tax category will be applied the new tax rate of USD 4,200. For car from 1,000 cc to 1,500 cc, the tax is of USD …

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When marriages with foreign element are rejected Before a foreigner and Vietnamese decide to get married, they must have known each other for some time.  However, due to difference in cultures, and laws in different countries, they might fall under cases which are not allowed by Vietnam State Authority to get married. The marriage registration …

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Best Interest Protection Corporates and individuals focus on solving business matters while at the same time they wish to ensure regulatory compliance and risk management on any matters they do. Businesses environment changes quickly so as the law of developing countries.  The changes could be changes of corporate laws, investment incentives or tax policy, or labour regulations, or any others. As we work with …

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