Vietnam: Ministry proposes raising duties on steel exports, reducing tariffs on imports

amending Decree 57 on preferential import-export tariffs, proposal to increase taxes on steel exports while lowering levies on imports, proposal to increase export tax and reduce import tax on steel

Because the rise in steel prices has harmed numerous public-sector projects, the Ministry of Finance has proposed increasing tariffs on steel exports while lowering tariffs on steel imports. The Ministry of Finance said in a draft decree amending Decree 57 on preferential import-export tariffs that the significant rise in local steel prices was primarily attributable…

Tightening advertising activities on Youtube, Facebook in Vietnam

Tightening advertising activities in Vietnam, tightening the cross-border supply of online advertising services in Vietnam, Cross-border Advertising Decree in Vietnam, Decree 70/2021/ND-CP regarding the cross-border supply of online advertising services in Vietnam, Principles and obligations of foreign organisations and individuals trading in cross-border advertising services in Vietnam, New regulations specified in Article 13 of Decree 70, New points of Decree 70/2021/ND-CP, New points of Law on Advertising in Vietnam, advertising activities on Youtube in Vietnam, advertising activities on facebook in Vietnam

On July 21, 2021, the Draft Decree modifying and supplementing several provisions of Decree No. 181/2013 / ND-CP dated April 14, 2013, regarding the cross-border supply of online advertising services in Vietnam was approved by the Government of Vietnam. This Decree 70 will go into force on September 15. After a series of days when…

Vietnam: Haircutting services still have to pay taxes, so there’s no reason why online platforms like YouTube and Google don’t have to pay taxes

Haircutting services still have to pay taxes, so there's no reason why online platforms like YouTube and Google don't have to pay taxes, Changes in the obligations to pay tax in Circular 40, Make online platforms fulfill their tax obligations

On July 9, the General Department of Taxation announced that the budget revenue in the first 6 months of the year still increased by 14.3% compared to the same period last year. Specifically, the budget revenue in the first 6 months of 2021 reaches VND 656 trillion, equivalent to 58.8% of the estimated number. This…

Propagating and disseminating the contents of Decree No. 57/2021/ND-CP to taxpayers

Propagating and disseminating the contents of Decree No. 57/2021/ND-CP to taxpayers, Regulations on the project producing supporting industrial products, Decree No. 57/2021/ND-CP, propagate and disseminate information to taxpayers, Remove difficulties for the taxpayers

The General Department of Taxation requires Tax Departments to propagate and disseminate information to taxpayers in their localities to hastily implement Decree No. 57/2021/ND-CP of the Government to remove difficulties for taxpayers in the current period. Recently, the General Department of Taxation issued Official Dispatch No. 6/CD-TCT on the implementation of Decree No. 57/2021/ND-CP of…

House lessors need to note this price in order to not be taxed in Vietnam

House lessors, House lessors need to note this price in order to not be taxed, the changes in taxation with the new Circular, house lessor need to pay tax, Circular 40/2021/TT-BTC, the tax of house lessors

According to the new regulations, the rent of a house with a price of more than 8,333,334 VND/month is subject to tax and the owner must pay tax for the entire actual revenue. Recently, the Ministry of Finance has issued Circular 40/2021/TT-BTC guiding VAT and PIT for business households and individuals. After this circular was…

Vietnam: Apply new form in enterprise registration application from May 1, 2021

Apply new form in enterprise registration application from May 1, 2021

From the effective date of Circular No. 01/2021/TT-BKHDT (May 1, 2021), the forms in the enterprise registration application specified in the appendix issued together with Circular No. 01/2021/TT-BKHDT is hereby applied nationwide. According to Mr. Huynh Van Toan (HCMC), Decree No. 122/2020/ND-CP dated October 15, 2020, of the Government, stipulates the coordination of the procedures…

Amendment of Law on Value-Added Tax (VAT) to solve the problem of wind power in Vietnam

Amendment of Law on Value-Added Tax (VAT) to solve the problem of wind power in Vietnam

Enterprises are proposing that instead of requiring an electricity operating license to receive a tax refund, energy projects will be refunded VAT as soon as they have signed electricity sale contracts. The Energy Association has just sent a document calling for help to the Prime Minister about the fact that many businesses investing in the…

Enterprises should pay attention to VAT refund regulations in Vietnam so as not to be penalized for late payment

Enterprises should pay attention to VAT refund regulations in Vietnam so as not to be penalized for late payment

If enterprises do not follow the principle of late payment penalty, the enterprises will abuse the value-added tax refund (VAT) until being forced to re-pay. Recently, the Vietnam Association of Seafood Exporters and Producers (VASEP) reflected that enterprises exporting seafood products are entitled to VAT refund. However, after a while, because for some reason, the…

Vietnam: The destination for investors both at home and abroad

Vietnam: The destination for investors both at home and abroad, investors in Vietnam, investors abroad, M&A in Vietnam, Vietnam M&A, Vietnam M&A Law Firm, ASL LAW, Pham Duy Khuong

Improvements in investment and business policy and the participation in bilateral and multilateral free trade agreements have helped Vietnam become a potentially attractive destination for domestic and foreign investors, says lawyer Pham Duy Khuong, managing director of ASL LAW, who spoke about the recent movements and their influence with VIR’s Hoang Oanh. How do you…

Lawyer Pham Duy Khuong is ranked the Top 100 Vietnamese Lawyers

Lawyer Pham Duy Khuong is ranked as one of top 100 lawyers in Vietnam, top lawyer in Vietnam, Vietnamese top lawyer, lawyer in Vietnam, Vietnamese lawyer, best lawyer in Vietnam, Vietnam best lawyer

Asia Business Law Journal has just announced the A-list Vietnam’s Top 100 Lawyers. Among the honored lawyers, Lawyer Pham Duy Khuong – Founder of ASL Law, is proud to be a representative of ASL Law in this ranking. “Vietnam’s A List 100 Top Lawyers” was voted and announced by the Asia Business Law Journal. This…

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