Formulas for Calculating Civil Servant Salaries Based on the New Basic Salary
On July 5, 2024, the Minister of Home Affairs issued Circular 07/2024/TT-BNV guiding the implementation of the basic salary level for those receiving salaries and allowances in public agencies, organizations, and units under the Party, State, Vietnam Fatherland Front, political-social organizations, and associations. Accordingly, Article 3 of Circular 07/2024/TT-BNV guides the calculation of salaries, allowances, […]
Mechanism for Direct Electricity Purchase between Renewable Energy Generators and Large Electricity Consumers
On July 3, 2024, the Government issued Decree No. 80/2024/ND-CP regulating the mechanism for direct electricity purchases between renewable energy generators and large electricity consumers. Subjects of Direct Electricity Purchase Subjects of direct electricity purchase through a private connection line include: Renewable energy generators; Large electricity consumers. Subjects of direct electricity purchase through the national […]
Personal Income Tax Policy for Foreign Individuals
On July 5, 2024, the General Department of Taxation issued Official Letter No. 2887/TCT-DNNCN 2024 concerning the personal income tax policy for foreign individuals. Based on Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013, of the Ministry of Finance; Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 […]
Personal Income Tax Policy for Foreign Individuals
On July 5, 2024, the General Department of Taxation issued Official Letter No. 2887/TCT-DNNCN 2024 concerning the personal income tax policy for foreign individuals. Based on Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013, of the Ministry of Finance; Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 […]
Notice of Effectiveness of the Multilateral Convention on Administrative Assistance in Tax Matters
On July 4, 2024, the General Department of Taxation issued Official Letter No. 2862/TCT-HTQT 2024 to announce the effectiveness of the Multilateral Convention on Administrative Assistance in Tax Matters. Based on Notification No. 08/2024/TB-LPQT dated January 26, 2024, from the Ministry of Foreign Affairs regarding the Multilateral Convention on Administrative Assistance in Tax Matters (the […]
Strengthen the personal income tax management
On July 4, 2024, the General Department of Taxation issued Official Dispatch No. 2873/TCT-DNNCN on strengthening personal income tax management, specifically as follows: Realizing that many subjects took advantage of the Tax industry's implementation of electronic tax services to serve taxpayers, and used a number of technological and technical tricks to impersonate tax officials […]
Government Amends and Supplements Special Preferential Import Tariff Schedule
On July 4, 2024, the Government issued Decree No. 81/2024/ND-CP amending and supplementing certain provisions of Decree No. 119/2022/ND-CP dated December 30, 2022, on Vietnam's Special Preferential Import Tariff Schedule for implementing the ASEAN-Korea Trade in Goods Agreement (AKFTA) for the period 2022-2027. Vietnam's Special Preferential Import Tariff Schedule specifies a 0% AKFTA tariff rate […]