Decree 114/2016/ND-CP was promulgated by the government on July 08, 2016, stipulating fees for adoption registration and licensing fees for the activities of foreign adoption organizations. It supplements several new points as follows:
After the Government of Vietnam officially signed and promulgated Decree 139/2016/ND-CP regulating business license fees applied from January 01, 2017, the Ministry of Finance continued to seek opinions on the Draft Circular guiding the implementation of certain provisions related to business license fees under Decree 139.
Currently, the Government of Vietnam is still in the process of drafting and soliciting feedback on several draft legal documents related to the banking sector. Notably, this includes the Draft Circular regulating factoring activities of credit institutions and foreign bank branches. (Hereinafter referred to as the Draft Circular).
The Ministry of Finance has recently indicated a "direction" to continue implementing the tax rate on the second and subsequent houses for individuals owning multiple properties. This is a direct tax, which will be levied directly on individuals and organizations with assets, specifically those owning more than one property.
Corporate Income Tax is a direct tax that is levied directly on taxable income and is a tax that assesses the efficiency of a business's production and operations. Therefore, a reasonable tax policy will bring benefits to both businesses and the state budget (NSNN).
the Government of Vietnam has recently issued Decree 147/2016/ND-CP amending and supplementing a number of provisions on forest environmental service payment policies stipulated in Decree 99/2010/ND-CP dated September 24, 2010.
Based on Clause 1, Article 1 of Law No. 26/2012/QH13 dated November 22, 2012, amending and supplementing a number of articles of the Personal Income Tax Law, the following cases of personal income tax exemption have been supplemented:
Alongside the achieved results, due to the rapid fluctuations of the economy, several provisions in the Personal Income Tax (PIT) Law enacted in 2007 have revealed certain existing limitations and inadequacies, which are not suitable for practical conditions. Therefore, the amendment and supplementation of the 2007 PIT Law is an inevitable necessity to address these existing limitations and to meet the long-term objective of ensuring a clear, transparent, and simple policy, reducing administrative procedures to facilitate taxpayers and tax administration work, creating conditions for the modernization of tax management; ensuring fairness in income regulation, and reasonably stabilizing the mobilization of residents' income.
Recently, the Ministry of National Defense issued Circular 162/2018/TT-BQP guiding the special allowance policies for the Guard Force under the Ministry of National Defense.
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