The Ministry of Finance issues Circular No. 133/2012/TT-BTC dated 13 August 2012 guiding the collection and management of licencing fee for setting up resident representative offices of foreign traders in Vietnam. This Circular takes effect as from 01 October 2012 and repalce Circular No. 73/1999/TT-BTC dated 14 June 1999 of the Ministry of Finance guiding Continue reading “Regulation on the collection and management of licencing fee for setting up resident representative offices of foreign traders in Vietnam.”
Category: News
Issuance of tax policy in order to solve problems for organizations and individuals
Decree No. 60/2012/ND-CP of the Government, issued on 30 July 2012 detailing the implementation of Resolution No. 29/2012/QH13 dated 21 June 2012 of the National Assembly on issuance of tax policy in order to solve problems for organizations and individuals. Decree takes effect from the date of 20 September 2012.
Accordingly, small and medium enterprises Continue reading “Issuance of tax policy in order to solve problems for organizations and individuals”
Regulations on contractual licensing procedures and management of foreign contractors operating construction in Vietnam
Circular No. 01/2012/TT-BXD of the Ministry of Construction dated May 08, 2012, guidance on contractual licensing procedures and management of foreign contractors operating construction in Vietnam. This Circular will take effect on June 26, 2012.
Accordingly, foreign contractors in the following cases shall not be considered for construction contractual license:
– No Vietnamese subcontractor involved Continue reading “Regulations on contractual licensing procedures and management of foreign contractors operating construction in Vietnam”
Allow short-term loans in foreign currency
The State Bank of Vietnam (SBV) issued Decision No. 857/QD-NHNN, on short term loan s in foreign currency to resident borrowers by credit institutions and branches of foreign banks. The Decision will effect from May 2 to December 31, 2012.
Accordingly, the credit institutions licensed to conduct foreign exchange for consideration and decision for short-term Continue reading “Allow short-term loans in foreign currency”
Extension on tax payment for small and medium sized enterpries (SMEs)
The Government has issued the Resolution No. 13/NQ-CP dated May 10, 2012 on a number of measures to support troubled enterprises and boost the local market.
The measures include the extension of value-added and corporate tax payment, reduction of land lease fees, exemption of business rates for fish-catching and salt production households in 2012.
Public companies with large-scale is subject to information declaration
The Ministry of Finance issued Circular No. 52/2012/TT-BTC dated 05/04/2012 guiding information declaration on the stock market. This Circular shall take effect on 01/06/2012 and replaces Circular No. 09/2010/TT-BTC dated 15/04/2010 of the Ministry of Finance.
Accordingly, large scale public companies Continue reading “Public companies with large-scale is subject to information declaration”
Circular 06/2012/TT-BCT of the Ministry of Industry and Trade dated 03/27/2012 detailing procedures for the establishment and operation of representative offices of foreign trade promotion organizations in Vietnam
Circular provides in details grant, re-grant, modification, supplementation, extension and revocation of licences for establishment of representative offices (License). Subjects of application in this Circular are foreign trade promotion organizations in Vietnam as stipulated in Decree 100/2011/ND-CP.
Representative offices of foreign trade promotion organizations in Vietnam and other foreign organizations relating to operation of trade Continue reading “Circular 06/2012/TT-BCT of the Ministry of Industry and Trade dated 03/27/2012 detailing procedures for the establishment and operation of representative offices of foreign trade promotion organizations in Vietnam”