Opinion on VAT
On September 11, 2024, the General Department of Taxation issued Official Dispatch No. 4019/TCT-CS regarding opinions on VAT. Accordingly, VAT policies have clearly specified the conditions for VAT deduction. In cases where the VAT payment document at the import stage lists the importer as the Company, and the Company declares VAT using the direct method, […]
Amendments to Tax Payment Extension Procedures
On September 11, 2024, the Ministry of Finance issued Decision No. 2127/QĐ-BTC regarding the announcement of amended and supplemented administrative procedures in the field of Taxation under the management function of the Ministry of Finance. Accordingly, the tax payment extension procedures are amended as follows: * Regarding the procedure for extending tax payments: - Step […]
Draft National Technical Regulation on Automobiles, Trailers, and Semi-Trailers
The Ministry of Transport is currently drafting a National Technical Regulation for automobiles, trailers, and semi-trailers participating in road traffic. The regulation is expected to take effect on January 1, 2025. Regulations on the Inspection of Front Lighting (High Beam, Low Beam) as follows: *Condition and Functionality: Inspection method: Turn the lights on and off, […]
Draft Circular on the Implementation of the Amended Law on Health Insurance
On September 9, 2024, the Ministry of Health issued a draft Circular detailing the implementation of certain provisions of the amended Law on Health Insurance. *New Proposals on Eligible Participants in Health Insurance Accordingly, the Draft Amendment to the 2008 Law on Health Insurance provides new categories of individuals eligible for participation in health insurance […]
Draft Circular on Inspection Procedures and Initial Inspection Exemption for Motor Vehicles
On September 6, 2024, the Ministry of Transport proposed a draft Circular on the procedures for inspection, exemption from initial inspection, and modification of motor vehicles and special-use motorcycles, including the addition of certain required documents for vehicle registration. *Required Documents for Presentation According to the draft Circular, in cases where a car is exempt […]
Draft Circular on Service Pricing in the Securities Sector Applicable at the Vietnam Stock Exchange and Its Subsidiaries, as well as the Vietnam Securities Depository and Clearing Corporation, Issued by the Minister of Finance
*Service Pricing in the Securities Sector at the Vietnam Stock Exchange (VNX) and Vietnam Securities Depository and Clearing Corporation (VSDC) On September 4, 2024, the Ministry of Finance issued and sought comments on the Draft Circular guiding service pricing in the securities sector applicable at the Vietnam Stock Exchange and its subsidiaries, as well as […]
Principles for the Use of the Information System and the National Database on Construction Activities
On September 6, 2024, the Government issued Decree No. 111/2024/NĐ-CP, which provides regulations on the information system and the National Database on Construction Activities. *Information System and the National Database on Construction Activities The Decree defines the information system and the National Database on Construction Activities as follows: - The information system for construction activities […]
Plan for the Implementation of the 2024 Law on National Defense, Security, and Industrial Mobilization
On September 7, 2024, the Prime Minister issued Decision No. 936/QĐ-TTg regarding the plan for the implementation of the 2024 Law on National Defense, Security, and Industrial Mobilization. The key contents of the implementation plan are as follows: - Organizing the dissemination, education, and specialized training on the Law on National Defense, Security, and Industrial […]
Tax Policies and Customs Procedures for Non-Taxable Goods of Export Processing Enterprises (EPEs)
On September 4, 2024, the General Department of Customs issued Official Letter No. 4218/TCHQ-CCHĐH in response to inquiries from the Korean Business Association in Vietnam. Accordingly, in cases where goods such as components, accessories, and materials are brought into the domestic market for the purpose of replacing, repairing, or upgrading machinery, equipment, and molds of […]