Circular 05/2013/TT-BTC dated January 9th 2013 of the Ministry of Finance guiding the financial regime for credit institutions and foreign bank branches
The Circular guiding some specific costs which are charged to expenses as business operation expenses, tax expenses, assets, expenses for staffs, expenses for management activities, public services, risk reserve fund and others.
Accordingly, the securities trading losses, losses from debt trading activities are also considered as the cost of financial institutions.
In addition, the Circular also regulates brokerage fee of asset leasing shall not exceed 5% of the total proceeds from leasing the property. Brokerage fee of mortgaged asset sale shall not exceed 1% of the actual value obtained from the sale of assets.
Circular takes effect from February 25th 2013 and replaces Circular 12/2006/TT-BTC.
Our professional consultants and lawyers always follow the changes in regulations to update our clients in Vietnam.
A lease can be commercially attractive and still does not comply in legal consideration. The…
A property sale contract in Vietnam should protect the buyer against risks involving payment, legal…
An operating company can provide licences, people, customers and facilities faster than a new business…
A real estate deposit agreement transaction in Vietnam can decide the buyer’s risk before the…
Joint venture disputes rarely begin with the legal percentage alone. They begin when one partner…
To understand how to start a business in Vietnam, separate company registration from legal readiness…
This website uses cookies.