Highlights of Tax Documents - Notable Public Employee Documents Last Week

1. Company's Import Tax Policy for Financial Leasing Companies

The Ministry of Finance issued Official Dispatch 11190/BTC-TCHQ guiding the import tax policy (NK) for goods of financial leasing companies eligible for financial leasing according to Decree 39/2014/ND-CP.

Accordingly:

- Exemption from import tax in cases where financial leasing companies import goods for entities eligible for import tax exemption according to Articles 14, 15, 16, 17, 18, 23, and 24 of Decree 134 for financial leasing;- Notification of the list of goods expected to be tax-exempt for import should be carried out according to Clause 2, Article 30; tax exemption procedure documents for customs procedures should be carried out according to Clause 1 and Point d of Clause 2, Article 31 of Decree 134;- Financial leasing companies must declare and pay tax after the financial lease contract ends if the goods for financial leasing that were exempt from import tax are not used for the entities eligible for import tax exemption as per the purpose when imported.

See more instructions in Official Dispatch 11190/BTC-TCHQ dated August 22, 2017.

1. No Export Tax Exemption for Metal Scrap and By-products for Processing

In response to inquiries about the tax policy for items such as scrap aluminum steel cans and copper scrap (metal scrap and by-products), the Ministry of Finance has issued Official Dispatch 11081/BTC-TCHQ providing official clarification as follows:

- Businesses exporting metal scrap and by-products for processing must follow Point a, Clause 1, Article 11 of Decree 134/2016/ND-CP;- Metal scraps and by-products subject to export tax are not eligible for export tax exemption.

At the same time, the Ministry of Finance directs the General Department of Customs to investigate and clarify signs of violations and tax evasion by some enterprises; fully collect taxes and handle violations according to the law.

Official Dispatch 11081/BTC-TCHQ issued on August 18, 2017.

1. Teacher Promotion Exam: Removing Standards of Salary and Career Classification

This is a notable content in Circular 20/2017/TT-BGDDT stipulating the standards, conditions, content, and form of examination for the promotion of professional titles (CDNN) of public kindergarten and general education teachers.

From October 3, 2017, public kindergarten and general education teachers participating in the promotion exam for CDNN do not need to meet the standards of:

- Salary as stipulated in Clause 1, Section III of Circular 04/2007/TT-BNV and Decree 121/2006/ND-CP;- Classification according to the professional standards of secondary school teachers at Circular 30/2009/TT-BGDDT.

Instead, they only need to meet the following standards and conditions:

- The education institution needs the job position of the CDNN at the registered promotion rank and is authorized to send teachers to take the exam;- Have been evaluated as completing duties well or better for 3 consecutive years;- Possess sufficient moral and professional qualifications; not under disciplinary action or notification for disciplinary consideration;- Meet the required training and professional capabilities for the CDNN at the registered promotion rank.

See detailed Circular 20/2017/TT-BGDDT replacing Circular 34/2010/TT-BGDDT.

1. Compensation Level for Officials and Public Employees Working at the Legislative Research Institute

The expense allowance for officials and public employees, and workers at the Legislative Research Institute is regulated in Resolution 407a/2017/UBTVQH14 as follows:

- Those holding title positions or having a position allowance coefficient of over 1.0: VND 5 million/person/month;- Those holding departmental leadership positions, senior researchers, senior specialists, and equivalent positions: VND 4 million/person/month;- Those holding division leadership positions, principal researchers, principal specialists, and equivalent positions: VND 3.5 million/person/month;- Civil servants and public employees (not in the above categories), researchers, specialists, and equivalent positions: VND 2.8 million/person/month;- Service staff and contract laborers: VND 2 million/person/month.- Civil servants, public employees, and workers at the Legislative Research Institute are provided with funds for one ceremonial uniform costing a maximum of VND 5 million/set, applicable during the 14th National Assembly term.

Resolution 407a/2017/UBTVQH14 is effective from July 11, 2017, to December 31, 2018.

Video Highlights of Taxation Documents - Officials and Public Employees from August 21 - 26, 2017

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