Other Briefings
Vietnam Introduces Tax Incentives for SMEs
Last April, Vietnam’s Prime Minister executed a tax extension for small and medium-sized enterprises (SMEs) for 2010 corporate income taxes with the total amount of around VND7 trillion. The eligible enterprises for this incentive are about 200,000 of the total 360,000 small and medium enterprises currently operating in Vietnam.
Green Energy in Vietnam
Political and legal aspects Jul. 6 – Government targets and support mechanisms in the field of renewable energy are available in legal documents from the Minister of Trade and Industries and the Institute of Energy. Examples include: The Master Plan for Renewable Energy This source describes national goals for the development of renewable energy sources […]
Goods Imported into Vietnam must Register Certificate of Origin
Jul. 5 – In an afternoon news conference on June 30, 2011, Deputy of Vietnam’s Ministry of Agriculture and Rural Development Diep Kinh Tan said Circular No. 13/2011/TT-BNNPTNT would guide the inspection of food safety resources and vegetable imports effective from July 01, 2011. The Circular clarified that if the origin of plants and goods […]
Vietnam Releases New Circular on Personal Income Tax Exemptions Related to Medical Treatment
Allowances provided by the company to employees for medical treatment to cure serious diseases of those employees or their direct family members shall not be subject to personal income tax if the amount paid is from profits after tax, or the welfare fund, or the reward fund of the company.
Vietnam’s MoF Proposes Personal Income Tax Reductions
The Ministry of Finance consulted the National Assembly in July for personal income tax exemption for employees without dependents and an income from VND5 million per month or less, with one dependent and an income no more than VND6.6 million per month, with two dependents and an income of no more than VND8.2 million per month.
Vietnam’s MoIT Shortens Procedures for Certificate of Origin
On March 21, 2011, the Vietnamese Ministry of Industry and Trade issued a circular regulating the issuance of the certificate of origin (C/O) for goods being exported.
Common HR Issues Facing FIEs in Vietnam
Even though they are usually better off than local Vietnamese companies, it seems that many foreign invested enterprises (FIEs) established in the country encounter hardships to follow the general evolution…
New Decree Detailing Telecom Law of Vietnam
Decree No.25/2011/ND-CP of the government which was issued on April 6, 2011 stipulates details and specifies new guidelines for the execution of several articles of Telecom Law relating to ratio of ownership, foreign investment, commercial right fees and authorized capital.
New CIT Payment Deferral Incentives for SMEs
A decision concerning small and medium-sized enterprises’ corporate income tax became effective on April 6, 2011. This decision from the Vietnamese prime minister allows SMEs to defer their CIT settlements of one year.
Vietnam’s MoF Targets FIEs in New Tax Inspection Plan
Apr. 13 – Vietnam’s Ministry of Finance has set up an important tax inspection plan for the year 2011. The objective of the plan is to ensure that enterprises do not commit any tax law violations in Vietnam and might allow to collect tax arrears and to uncover transfer pricing cases. These inspections will focus […]
