Business News

[02-11-2014] A string of policies on divestment, fuel prices, attraction of foreign scientists; import tax exemption on medical equipment, value-added tax, road user charges come into effect since November, 2014.

[30-10-2014] The Ministry of Finance issued Circular 151/2014/TT-BTC (“Circular 151”) on 10 October 2014 guiding Decree 91/2014/ND-CP (“Decree 91”) regarding various changes on Corporate income tax, Value added tax, Personal income tax and tax administration. Circular 151 will take effect from 15 November 2014, except for the provisions relating to CIT which will apply for the 2014 tax year.

[08-10-2014] The Alert update on Circular 151/2014/TT-BTC dated October 10, 2014 by the Ministry of Finance guiding Decree 91/2014/ND-CP, which amends and supplements regulations on Corporate Income Tax, Value Added Tax, Personal Income Tax and Tax Administration.  

[08-10-2014] Following Resolution 63/NQ-CP ("Resolution 63") dated 25 August 2014 of the Government on tax measures to deal with financial difficulties and enhance the development of enterprises, on 1 October 2014, the Government isued Decree 91/2014/ND-CP ("Decree 91") detailing some articles of Resolution 63, amending and supplementing 4 Decrees on Corporate Income Tax, Value Added Tax, Personal Income Tax and Tax administration. 

[07-10-2014] A Conflict of Interest (“COI”) occurs when employees have undisclosed economic or personal interest in a transaction that adversely affects their employer extracted from The Association of Certified Fraud Examiners “ACFE”). All organisations uphold the principle that employees must act in good faith and in the best interests of their employer or organisation.

[30-09-2014] Circular 25 replaces in part Circular 09/2004/TT-NHNN dated 21 December 2004 on foreign loans and Circular 25/2011/TT-NHNN dated 31 August 2011 on administrative procedures in the foreign exchange sector. Circular 25 will take effect from 1 November 2014.

[15-09-2014] Enhancing Vietnam’s business and investment environment is a key priority for the government. An overhaul of company licensing processes is one of the means being worked on to bring this about. Revamping the licensing process will require large-scale changes to the current company and investment law regime.

[15-09-2014] The Alert the Alert update on Official Letter No. 12495/BTC-TCT dated 6 September 2014 by the Ministry of Finance providing official guidance on PIT treatment on Hypothetical Tax and Housing Norm.