Businesses welcome e-invoices

VCN – With sufficient legal basis, the expansion of e-invoices of the Tax sector has advantages with welcome of the business community.

Which taxes required for declaration

VCN - In the draft decree detailing a number of articles of the Law on Tax Administration No. 38, the Ministry of Finance has specified provisions on tax declaration and calculation.

Important laws to take effect in January

The 2018 Law on Animal Husbandry, the 2018 Law on Cultivation, the 2019 revised law on management and use of weapons, explosives and support tools, and the 2019 Law on Public Investment will start taking effect in January 2020.

Customs actively prevents origin fraud of import and export goods

VCN- Recently, at an interdisciplinary meeting of authorities on anti-fraud origin, many cases were discussed.  

Using only screwdriver to assemble, could Asanzo televisions be labelled Vietnam origin?

VCN – Competent authorities said that Asanzo televisions were simply assembled by a screwdriver, with no manufacturing chains, machines, complex equipment or high technical requirements, while 98 percent of the product value came from imported components. So it was difficult to be considered as originating from Vietnam.

Regulations on working overtime in the revised Labour Code: Enterprises are easy to break the law

VCN - The draft of the Labour Code (amended) will be submitted to the National Assembly at the 8th session (opening on October 21, 2019). Through many comments on the draft, the business community continues to maintain its opinion on the need to revise the Labour Code to better suit the reality of businesses including employment issues, overtime and overtime payment.

Solving difficulties for businesses on specialised inspection

VCN- On October 31, Deputy General Director of General Department of Customs Mai XuanThanh chaired a meeting with legal review groups on management and specialised inspection of imported and exported goods and representatives of ministries. This is an activity within the framework of a workshop on reviewing laws on management and specialised inspection of import and export goods, which is coordinated by the General Department of Customs in coordination with USAID-funded Trade Facilitation Project, held in Ho Chi Minh City from October 29 to October 31.

Disbursement of investment capital: Need initiative

VCN – To ensure the completion of the disbursement progress of investment capital under the 2019 plan, the State Treasury system has actively prompted investors as well as the provincial and municipal State Treasuries to strictly implement this task.

Conversion to electronic invoices

VCN - In implementing Decree 119/2018 / ND-CP on electronic invoices, the entire tax sector is promoting communication and guiding businesses and taxpayers to convert paper invoices into electronic invoices (e-commerce contracts).

Draft revised Labour Code: Enterprises still want to increase working overtime

VCN - On September 18, in Hanoi, the Central Institute for Economic Management held a workshop on "Draft Labour Code: impacts on the economy". At the workshop, it was said that there were many unclear regulations in the draft revised Labour Code, which may become barriers hampering business development.

Continue to adjust many tax rates in draft preferential import tariff

VCN  - Since the middle of March 2019, the Ministry of Finance has twice sent comments for the Draft Decree amending and supplementing Decree No. 125/2017 / ND-CP on the Tariff Schedule and preferential import tax to seek opinions of organizations and individuals. However, by mid-September, newly arising petitions continue to be sent. Currently, the Ministry of Finance has explained, absorbed and consulted again before submitting to the Government the final version.

Amending regulation on sanction administrative violation to appropriate with reality