Draft Circular on Load Capacity and Dimensional Limits for Roads

Draft Circular on Load Capacity and Dimensional Limits for Roads

The Draft Circular specifies the load capacity and dimensional limits for roads as follows: The load capacity of a road is defined as the road's ability to withstand operational loads to ensure safe operation and the longevity of the road infrastructure. The relevant signs include: "Weight Limit for Vehicles"; "Vehicle Types Restricted from Crossing the […]

Draft Circular on Road Toll Station Operations

Draft Circular on Road Toll Station Operations

The Draft Circular stipulates the criteria for establishing road toll stations as follows: - The station must be approved by the competent authority in the feasibility study report of the investment project or in the proposal for the exploitation of road infrastructure assets. - It must implement an electronic toll collection system with no stops […]

Draft Decree Amending and Supplementing Decree No. 45/2022/ND-CP on Administrative Penalties for Environmental Protection Violations

Draft Decree Amending and Supplementing Decree No. 45/2022/ND-CP on Administrative Penalties for Environmental Protection Violations

The draft Decree proposes several new provisions, including: - Updating Authorized Positions: Revising the list of officials with the authority to impose penalties and issue administrative violation reports. This update accounts for changes in the organizational structure of the agencies responsible for specialized inspections, including the Ministry of Public Security and the Ministry of Natural […]

Amendment to the Circular on Issuance of State Bank Treasury Bills

On August 30, 2024, the Governor of the State Bank of Vietnam issued Circular No. 44/2024/TT-NHNN amending Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN regarding the issuance of State Bank treasury bills. The amendment modifies and supplements Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN concerning the subjects to which it applies as follows: […]

VAT Refund

Official Letter No. 3879/TCT-KK regarding VAT refunds.

On August 30, 2024, the General Department of Taxation issued Official Letter No. 3879/TCT-KK regarding VAT refunds. According to this letter: *Supplementing Tax Declarations:  If a company discovers errors or omissions in its previously submitted tax declarations, it may file a supplementary declaration in accordance with Article 47 of the Tax Administration Law No. 38/2019/QH14 […]

Tax Policy for Mergers and Acquisitions

Tax Policy for Mergers and Acquisitions

On August 30, 2024, the General Department of Taxation issued Official Letter No. 3872/TCT-CS regarding tax policy. According to the letter, if a company is acquired by another company in Vietnam that purchases 100% of the equity from the current shareholders to become the owner of the company, and following this acquisition, the two companies […]

Personal Income Tax Declaration for Capital Transfer Income

Personal Income Tax Declaration for Capital Transfer Income

On August 30, 2024, the General Department of Taxation issued Official Letter No. 3876/TCT-DNNCN concerning the declaration of personal income tax. According to this letter, if the taxpayer is an issuing organization that declares and pays personal income tax on behalf of individuals transferring their capital contributions, this must be done in accordance with Article […]

Application of VAT Policy

Application of VAT Policy

On August 28, 2024, the General Department of Taxation issued Official Letter No. 3813/TCT-CS regarding VAT. According to the regulations, in principle, if a business entity is subject to VAT and qualifies for the VAT policy applicable to export processing enterprises under VAT law before the VAT policy is applied, it must follow the relevant […]