In this customs newsbrief, we look at customs valuation rules for imported machinery software. These rules were introduced in Circular 60/2019/TT-BTC of the Ministry of Finance, and took effect on 15 October 2019. We believe this is an interesting topic, especially for companies that import machinery, equipment and software, and hope you find this information useful.
On 27 March, the General Department of Taxes issued Official letter no. 1307/TCT-CS to all local tax departments to update them on contents of the latest draft of the decree to defer the deadline for payments of taxes and land rental fee. The final draft has now been presented to the Government for approval and is expected to be released very soon and will take effect from the signing date.
The Vietnamese government has taken numerous precautionary measures in response to the COVID-19 outbreak. Recently, the Prime Minister has issued Directive 11 dated 4 March setting out measures to help address difficulties faced by businesses.
The COVID-19 outbreak has been declared a public health emergency of international concern by the World Health Organization, causing huge impact on people's lives, families and communities. How can you prepare your organisation and respond?
Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages
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