Other Briefings
Vietnam’s New Tax Schedule for 2012
Vietnam’s Ministry of Finance issued Circular No.157/2011/TT-BTC on November 14, 2011, stipulating the tax rates of export and import tariff preferences under the list of taxable items. The Decree takes effect from January 1, 2012.
Taxable Income from Interest on Deposits in 2012
By Vo Thi Bich Hong Feb. 17 – From March 1, 2012, income from interest on deposits and loans – including interest on deposits at credit institutions, interest on loans in any form as prescribed by Law, credit guarantee fee, and other charges – will be subject to corporate income tax. This is specified in […]
Vietnam to Extend CIT Payments for SMEs by 3 Months
By Tran Que Chi Feb. 13 – On January 19, 2012 the Prime Minister enacted Decision No. 04/2012/QĐ-TTg – granting a three-month extension for the payment of corporate income tax which small and medium enterprises, and enterprise using many laborers, must pay for the first and second quarters of 2011. According to Decision No. 04, […]
Businesses in Hanoi Asked to Pay VND4 Trillion in Tax Due
Dec. 29 – Businesses in Hanoi still owe more than VND4 trillion in taxes this year, and the government has urged them to pay it back. Thai Dung Tien, deputy head of Hanoi Tax Department, said that around 86.5 percent of the taxes (VND3.5 trillion) is collectable. However, 3 percent of the money will prove […]
Vietnam’s Bank Restructuring a Big Opportunity for Foreign Investors
By Lorenzo Martelli Dec. 14 – Increases in the ownership ratios that foreign strategic partners can hold at Vietnamese joint stock banks, encouragement for the merger of weak banks, and not increasing the chartered capital are the main points of the European Chamber of Commerce (EuroCham)’s proposal when talking about bank restructuring. Decree No. 69/2007/ND-CP […]
Vietnam to Cut Income Tax By 30% for Small Business
On November 4, 2011 the government enacted Decree 101/2011/ND-CP presenting tax incentives to help enterprises and individuals survive in the current high level of inflation in Vietnam.
Corporate Income Tax Delayed One Year For Labor-Intensive Enterprises
Decision 54/2011/QD-TT inked by the Prime Minister agrees to extend corporate income tax payments in 2011 for labor-intensive companies as well as select co-operatives.
Vietnam Seeing an Industrial ‘Renaissance’
By Lorenzo Martelli Oct. 19 – Vietnam is gradually moving away from its traditional focus areas of industrial production such as textiles, food processing, rice and coffee to attracting investment in new sectors like electronic and high-tech manufacturing, research and development. Manufacturers are seeking alternatives along with rising labor costs in Thailand and China – […]
New Issue of Vietnam Briefing: International Taxation Agreements
In this issue, we will first look at the broader context of global trade and the growing salience of FTAs between Vietnam and its trade partners. We will examine the effects of current FTAs on Vietnam’s exports, the advantages and disadvantages thus far, as well as the response of Vietnamese enterprises to the policies of the FTAs in effect. Also, an in-depth look at key bilateral and regional trade agreements will reveal some telling trends.
New Regulations in Fuel Trade for Companies
Sept. 15 – According to the information provided by the Ministry of Finance (MoF), domestic merchants providing petrol to manufacturers at open economic and cross-border industrial zones will be subject to temporary import and re-export laws. All fuel-trading activities between traders and producers will be to operate in accordance with General Department of Customs procedures.
