Finance - Banking - Stock

FROM NOW UNTIL THE END OF DECEMBER 31, 2023, APPRAISAL AND LICENSING FEES FOR MANY SECTORS SHALL BE REDUCED BY UP TO 50%

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In order to assist individuals and businesses in overcoming the difficulties caused by the pandemic and economic downturn, on June 29, 2023, the Minister of Finance issued Circular 44/2023/TT-BTC ("Circular 44") to uniformly reduce the collection rates of certain fees and charges in various sectors…

VALUE-ADDED TAX REDUCTION POLICY FOR THE SECOND HALF OF 2023

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In 2022, due to the impact of the pandemic and economic recession, the National Assembly passed Resolution 43/2022/QH15 to reduce Value Added Tax (VAT) from July 1, 2022, to December 31, 2022. In order to continue supporting businesses and promoting production and business activities in 2023, the National…

INCREASE INSPECTION IN AREAS OF FINANCIAL, BANKING, REAL ESTATE, BUSINESS ON DIGITAL PLATFORMS

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In Directive No. 22/CT-TTg dated June 23, 2023 (“Directive 22”) on rectification and strengthening of discipline in complying with the law on finance – state budget, the Prime Minister requested Ministries, branches and localities have implemented a series of activities to strengthen revenue collection…

AFTER JUNE 30, 2023, THE GENERAL DEPARTMENT OF TAXATION SHALL IMPLEMENT NEW FUNCTIONS FOR CONTROLLING AND WARNING ABOUT FALSE INVOICES ON THE E-INVOICE APPLICATION

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In the face of many cases of buying and selling false invoices, to limit the risk and quickly detect violations, tax authorities have researched additional functions on the e-invoice application to prevent the issuance of false invoices. According to Official Letter 2392/TCT-QLRR dated 14/06/2023 of…

SERVICE PROVIDERS SHALL DEPOSIT AT LEAST VND 150 MILLION TO COLLECT SOCIAL INSURANCE AMOUNT IN HO CHI MINH CITY

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On June 13th, 2023, Ho Chi Minh’s Social Insurance On June 13, 2023, Ho Chi Minh City Social Security issued Official Letter No. 2747/BHXH-TST ("Official Letter 2747") guide the signing of contracts for voluntary social insurance collection services, self-closing health insurance (hereinafter referred…

THE PAYMENT OF SPECIAL SALES TAX ON DOMESTICALLY PRODUCED AND ASSEMBLED AUTOMOBILES ARISING IN JUNE, JULY, AUGUST, AND SEPTEMBER SHALL BE EXTENDED UNTIL 20/11/2023

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On June 21st, 2023, the Government issued Decree 36/2023/ND-CP (“Decree 36”) stipulating the extension of the tax payment deadline for the amount of SCT payable incurred in the tax period of months 6, 7, 8, and 9 of 2023 for domestically manufactured or assembled cars. Decree 36 specifies the following:…

REGISTER AND TRANSACTION IN THE PRIVATE BOND TRADING SYSTEM

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On May 17, 2023, the Ministry of Finance issued Circular No. 30/2023/TT-BTC (“Circular 30”) guiding the registration, depository, exercise of rights, transfer of ownership, and payment of transfers, and organizing a trading market for bonds offered for private sale in the domestic market (hereinafter…

THE FEE FOR ISSUANCE OF CERTIFICATES OF ORIGIN (C/O) IS VND 60,000/SET

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On June 6, 2023, the Ministry of Finance issued Circular 36/2023/TT-BTC (“Circular 36”) stipulating the rate, collection, payment, management, and use of fees for certification of origin (C/O). Accordingly, when submitting the application for C/O, the applicant (trader, representative of the trader)…

INCREASE THE DRIVING TEST FEE FROM 01 AUGUST 2023

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On June 7, 2023, the Ministry of Finance issued Circular 37/2023 (“Circular 37”) to replace Circular 188/2016 (“Circular 188”) stipulating the collection rate, the regime of collection, payment, management, and use of driving test fees; fees for granting diplomas and certificates to operate on all kinds…

THE PERIOD FOR PROCESSING TAX REFUND APPLICATIONS SHALL NOT EXCEED 03 WORKING DAYS FROM THE DATE OF RECEIPT OF NOTIFICATION

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One of the issues that need to be resolved immediately to remove difficulties for businesses and people, as requested by the Prime Minister at Official Dispatch 470/CD-TTg (Updated here by ATA), is to complete the review for applications for value-added tax refunds. In order to create a basis for tax…

OFFICIAL PROMULGATION OF FEES FOR APPRAISAL OF PLANNING PROJECTS

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In 2019, the Ministry of Construction issued Circular No. 20/2019/TT-BXD ("Circular 20") to determine and manage construction planning and urban planning costs. Accordingly, the cost of an appraisal of planning plans is determined to be the expenses that the appraisal authorities must pay directly for…

INCREASING LOAN AMOUNTS AND REDUCING COLLATERAL PROPERTY REQUIREMENTS FOR HOUSEHOLDS AND TRADERS IN DISADVANTAGED AREAS

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On June 5, 2023, the Prime Minister issued Decision No. 17/2023/QD-TTg (“Decision 17”) amending and supplementing a number of articles of Decision No. 31/2007/QD-TTg dated March 5, 2007, on credit for production and business households in disadvantaged areas (“Decision 31”) and Decision No. 92/2009/QD-TTg…

INCREASING ENVIRONMENTAL PROTECTION FEES FOR TYPES OF MINERALS USED AS FOR CONSTRUCTION MATERIALS

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The collection of environmental protection fees for mineral exploitation is implemented in order to contribute to raising the awareness and responsibility for environmental protection of organizations and individuals exploiting minerals; encourage investment in technology development, efficient and…

THE GENERAL DEPARTMENT OF TAXATION PUBLISHES THE LIST OF 524 ENTERPRISES AT RISK OF INVOICES

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On May 16, 2023, the General Department of Taxation issued Official Letter 1798/TCT-TTKT (“Official Letter 1798”) on reviewing and handling illegal invoices, in which a list of 524 enterprises with risks of illegal invoices was published (mostly businesses in Ho Chi Minh City and some businesses in…

THE LOCAL GOVERNMENTS SHALL NOT USE CONSULTATION WITH CENTRAL AGENCIES IN ORDER TO SHIRK THEIR RESPONSIBILITIES

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This is the principle emphasized in the Official Telegram No. 469/CD-TTg dated May 25, 2023, of the Prime Minister (“Official Telegram 469”) on the continued implementation of dismantling and promoting the real estate market. produce safe, healthy, and sustainable development. Official Telegram 469…