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New regulation on special consumption tax |
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Written by Administrator
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Friday, 09 March 2012 15:21 |
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New regulation on special consumption tax
Circular 05/2012/TT-BTC guide to amend a number of new content about special consumption tax (SCT) as follows:
Amending non-taxable objects:
· Cars which are designed to be used as ambulances, prison vans or hearses.
· Cars designed with both seats and standing places for transporting 24 or more people.
· Cars operating in recreation, entertainment and sports areas which neither are registered for circulation nor move on roads.
The taxable price is determined as follows: [selling price without VAT - environmental protection taxes] (if any) / [1 + special sales tax rate].
Circular 05/2012/TT-BTC is effective from 01/02/2012. |
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Extending activities license of representative office |
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Written by Administrator
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Friday, 09 March 2012 15:26 |
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Notice of extending activities license of representative office
On 20/02/2012, Hanoi Department of Industry and Trade noted that the activities license of abroad representative office in the area of Hanoi which was licensed in 2007 is expiring. According to section 3, Article 14 of Decree 72/2006/ND-CP of the Government, the established license of representative office, branches of foreign trader must be extended at least 30 days before its expiry date. |
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Exchange rate in Mar 2012 |
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Written by Administrator
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Friday, 09 March 2012 15:33 |
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Exchange rate in Mar 2012
According to the Official letter 651/TB-KBNN on 29/02/2012, the exchage rate between VND and USD in 03/2012 is 20,828. Attached with this official letter is the anoucement regarding the exchange rate beween VND and other currencies which is applicable in this period. |
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