State budget revenues from the remaining profits of groups and corporations
16:18 | 20/12/2013 Finance - Banking
(VEN) - As for State budget revenues over the 2013 and 2014 remaining profits, after raising funds according to regulations of groups and corporations which hold 100 percent of charter capital, including the one-member liability limited companies that are parent companies of economic groups, state corporations and in the parent – subsidiary companies model.
Some solutions on implementation of 2013, 2014 state budget
16:18 | 19/12/2013 Finance - Banking
(VEN) - The government recently issued Decree 204/2013/ND-CP providing specific regulations and guidance on the National Assembly’s resolution on the implementation of 2013, 2014 state budget, including the regulations on state budget collection over the dividend payout ratios in 2013 and 2014 in total state capital in state-owned joint stock companies (JSCs) of a number of ministries, sectors and localities.
Low-revenue businesses declare taxes every quarter
15:19 | 13/12/2013 Finance - Banking
(VEN) - The Ministry of Finance recently made public its Circular 156/TT-BTC, which would take effect on December 20 guiding the implementation of several articles of the Tax Administration Law, the Law on Amending and Supplementing Several Articles of the Tax Administration Law, and Governmental Decree 83/2013/ND-CP dated July 22, 2013.
New tax calculation method
10:22 | 12/12/2013 Finance - Banking
(VEN) - The General Department of Taxation issued legal documents on how to calculate corporate income tax (CIT) and personal income tax (PIT) in case of individual transfers their land use right to business.
Tax exemption for households providing accommodation rental
16:08 | 09/12/2013 Finance - Banking
(VEN) - The Ministry of Finance officially submitted to the government a draft decree guiding the implementation of state budget revenue according to a resolution of the National Assembly, including tax exemption (value added tax and personal income tax) for households providing accommodation rental and corporate income tax exemption in 2013 and 2014 for firms supplying meals for shift workers.
Low credit growth target for 2014
15:26 | 02/12/2013 Finance - Banking
(VEN) - Despite significant improvement, credit is unlikely to reach the 12 percent growth target this year. Economists are worried that the slow growth in 2013 would continue in 2014. For this reason, economic experts have offered proposals, regarding monetary policy for 2014.