Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Wednesday, September 23, 2020
Tags: tax rate
Kien Giang province - a bright spot in foreign investment attraction in the southern delta Kien Giang province - a bright spot in foreign investment attraction in the southern delta
According to the Kien Giang Department of Planning and Investment, the province currently hosts 53 foreign direct investment (FDI) projects from 19 countries and territories which have a total capital of USD 2.75 billion. These projects are specialized in tourism, agriculture, processing, manufacturing, trade and services.
About 700000 firms to benefit from cut in corporate income tax About 700,000 firms to benefit from cut in corporate income tax
About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 percent from July 1 this year, down from the current rate of 20 percent.
Legislation on environmental protection tax - limitations and solutions for improvement Legislation on environmental protection tax - limitations and solutions for improvement
The 2010 Law on Environmental Protection Tax and guiding documents have provided an important economic instrument in protecting the environment in Vietnam. However, being the first of its kind, this Law still reveals some limitations affecting its effectiveness. This article highlights the loopholes related to the tax bases and proposes solutions for improvement.
Businesses must entirely use e-invoices from late 2020 Businesses must entirely use e-invoices from late 2020
One year after the release of Government Decree 119 of 2018 on e-invoices in goods sale and service provision, the Ministry of Finance on September 30 issued a circular providing more detailed guidelines on this matter.
Hung Yen province - ancient charm of northern delta Hung Yen province - ancient charm of northern delta
First founded in 1831 and re-established in 1997, Hung Yen province is renowned for the old saying “Thu nhat Kinh Ky, thu nhi Pho Hien” (the most important is the capital city, the second is Hien (Hung Yen) town).
Govt to loosen conditions for auto imports Gov’t to loosen conditions for auto imports
The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
MoF proposes to increase import tax on heavy trucks MoF proposes to increase import tax on heavy trucks
The Ministry of Finance has proposed to increase import tax on complete built-up units (CBUs) of trucks weighing more than 45 tons from the current zero to 10 percent. This tax level is equal to commitments under the World Trade Organization (WTO).
EVFTA: new push for economic growth EVFTA: new push for economic growth
The EU-Vietnam Free Trade Agreement (EVFTA) has recently been signed amidst the sound Vietnam-EU partnership, especially in economy and trade. This is a comprehensive and high-quality deal which has taken into consideration differences in development levels between the two sides, Minister of Industry and Trade Tran Tuan Anh said in an interview granted to the Vietnam News Agency.
Tien Giang seeks FDI for hi-tech agriculture Tien Giang seeks FDI for hi-tech agriculture
Prime Minister Nguyen Xuan Phuc has suggested Tien Giang’s development of its economy based on five pillars: hi-tech agriculture, organic fruits, farm produce processing industry, eco-tourism, and logistics.
Finance ministry proposes cutting CIT for SMEs Finance ministry proposes cutting CIT for SMEs
The Ministry of Finance (MOF) has recently proposed reducing corporate income tax (CIT) rates for small- and medium-sized enterprises (SMEs) to 15-17 percent from the current 20 percent.

Video

Vietnam Law & Legal Forum