How to refund tax for authorized enterprise for auto part imports?

VCN- If an enterprise registers for participation in the Tax Incentive Program and authorizes another enterprise to import auto parts, the Customs authority which receives the dossier will refund overpaid tax amount to the account of the authorized enterprise upon final settlement in the case where it is eligible for enjoying 0% tax rate in […]

How to handle for postal items that are refused to be received by sender?

The General Department of Vietnam Customs has issued a document to instruct Vietnam Post Corporation on handling postal items sent to foreign countries that are refused to be received by sender. Earlier, Vietnam Post Corporation said that there were many backlogged postal items that were sent to foreign countries but could not deliver to receivers, […]

How to manage banned goods, when new provisions have not been issued?

    VCN- The Law on Foreign Trade Management has taken effect since 1st January 2018, stipulating the nomenclature of banned imported and exported goods, and nomenclature of imported and exported goods under the licenses and conditions. But currently, the Government has not issued the nomenclatures. Clause 3, Article 112 in the Law on Foreign Trade […]

What does business do when having 90 day-overdue tax debts?

VCN- In order not to be applied enforcement measures when having 90 day-overdue tax debts, the enterprise is allowed to choose 1 in 2 solutions to handle tax debts. The enterprise gradually pays tax debts within 12 months from the beginning of enforcement period and is suspended enforcement measures and Customs procedures in accordance with […]

What are conditions to do business on public rental properties?

VCN- Public assets at public non-business units can be rented in the case where they must be assets which are assigned, invested, constructed and procured to carry out tasks assigned by the State but they have not been used yet. Also, the Ministers, heads of central agencies, and provincial people’s committees need to approve these […]

FDI: Why are low budget revenues collected from high invested capital?

Since the beginning of 2017, FDI into Vietnam has increased, especially the number of FDI enterprises increasing their investment capital. But the contribution to the State budget of the FDI sector has shown signs of slowness compared to the estimate, even the lowest contribution compared to the two remaining sectors, including private enterprises and State-owned […]

Customs declaration is not required for liquidation of fully depreciated goods?

This regulation has been considered at the revised draft Circular No. 38/2015/TT-BTC to facilitate enterprises when declaring the change of using purpose and transferring the domestic consumption for import goods which are not subject to tax or tax exemption. Commenting on the revised draft Circular No. 38/2015/TT-BTC of the Ministry of Finance, some enterprises request […]

New guidelines on enterprise registration

As of December 1, 2015, the Ministry of Planning and Investment issued Circular 20/2015/TT-BKHDT (Circular 20) guiding Decree 78/2015/ND-CP on enterprise registration. Question: What are new regulations on enterprise registration? Answer: Circular 20 consists of the following new regulations: Issuing new forms for enterprise registration Circular 20 issued 88 new forms applied to enterprises, household […]

Consular legalization in Vietnam

I’m running a wholly foreign-owned enterprise in Vietnam and have recently recruited some foreign employees. As I know, these employees must have some of their papers consularly legalized in Vietnam in order to complete their dossiers to apply for working permits. How can they do that?  According to the Vietnamese law, consular legalization is necessary […]

Unemployment insurance in Vietnam

I’m running a wholly foreign-owned enterprise in Vietnam with over 200 employees. Do I have to buy unemployment insurance for my employees in addition to social insurance? How does Vietnamese law prescribe the responsibility of enterprises for unemployment insurance? Under Vietnamese regulations, employees are required to participate in unemployment insurance when working under the following […]