Legal Document Updates in English (33/2019)

THE MINISTRY OF FINANCE ANNULS THE CIRCULAR NO. 134/2014/TT-BTC
 

On April 3, 2019, the Ministry of Finance issues the Circular No. 18/2019/TT-BTC on annulling the Ministry of Finance’s Circular No. 134/2014/TT-BTC of September 12, 2014, guiding procedures for extending the payment of, and refunding, value-added tax for machinery and equipment imported to create fixed assets of investment projects.

To be specific, to totally annul the Ministry of Finance’s Circular No. 134/2014/TT-BTC of September 12, 2014, guiding procedures for extending the payment of, and refunding, value-added tax for machinery and equipment imported to create fixed assets of investment projects.

TO SUPPLEMENT 03 CRITERIA TO DETERMINE ENTERPRISES
WITH CUSTOMS VALUE RISKS
 

The Ministry of Finance issues the Circular No. 60/2019/TT-BTC on amending and supplementing a number of articles of the Circular No. 39/2015/TT-BTC dated March 25, 2015 of the Minister of Finance stipulating customs value of exports and imports.

Accordingly, to supplement criteria to set up the List of enterprises with customs value risks, to be specific:

- At the time of assessment, being assessed by the customs offices as enterprises not complying with law provisions;  

- At the time of assessment, being classified by the customs offices as high-risk enterprises or very high-risk enterprises or enterprises engaged in commodity export and/or import for less than 365 days;

03 CRITERIA TO BE ENTITLED TO PREFERENTIAL TARIFF TREATMENT
OF TEXTILE AND APPAREL GOODS EXPORTED TO MEXICO
 

On April 19, 2019, the Ministry of Industry and Trade issues the Circular No. 07/2019/TT-BCT on prescribing the export of textile and apparel goods to Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which takes effect on June 20, 2019.

Accordingly, to be entitled to preferential tariff treatment under CPTPP, trader must having a certificate of origin form CPTPP granted by a competent agency and having a certificate of eligibility granted by a competent agency.

For each specific textile or apparel goods item shall need to satisfy a number of rule of origin prescribed in appendixes attached to this Circular.

TIME LIMIT FOR FORMULATION OF THE NATIONAL OVERALL MASTER PLAN
IS 30 MONTHS
 

On May 7, 2019, the Government issues the Decree No. 37/2019/ND-CP on detailing a number of articles of the Planning Law.

Accordingly, the time limit for formulation of the national overall master plan, national marine space master plan, national land use master plan and regional master plans is 30 months after the master plan formulation task is approved. For national sectoral master plans and provincial master plans, the time limit is 24 months.

In addition, this Decree also regulates that a master plan shall be publicized in the mass media in the forms: Publishing summarized contents of the master plan at least once on the front page of a print press or on the home page

of an online press for at least 30 days; announcing contents of the master plan a news channel or program of the national radio or television station for national-level or regional master plans or that of the provincial radio or television station for provincial master plans.

Besides, a master plan shall be publicized through one of the following forms: Displaying diagrams and maps of the master plan; Organizing conferences and seminars to disseminate contents of the master plan; Distributing publications, including books, pamphlets and videos introducing contents…

OUTSTANDING ATHLETES IN INTERNATIONAL SPORTS TOURNAMENTS
MAY PRIORITY ENROLLED IN UNIVERSITIES AND COLLEGE
 

This is the regulated content in the Decree No. 36/2019/ND-CP of the Government on detailing a number of articles of the Law Amending and Supplementing a Number of Articles of the Law on Physical Training and Sports.

This Decree regulated that athletes and coaches of national sports teams who have graduated from upper secondary schools and are certified by the Ministry of Culture, Sports and Tourism as having fulfilled their tasks of competing in the Olympic Games, World Championships, World Cup, ASIAD, Asian Championship, Asian Cup, SEA Games, Southeast Asian Championship, Southeast Asia Cup may be given priority in direct enrollment for physical training and sports majors or physical education majors in universities and colleges or appointment for attending in coach training courses…

THE MINISTRY OF INDUSTRY AND TRADE ISSUES THE PLAN
TO ELIMINATE PROCEDURES AND LIST OF COMMODITIES
 

On July 31, 2019, the Ministry of Industry and Trade issues the Decision No. 2314/QD-BCT on promulgating the Plan to eliminate procedures and list of commodities need specialized examination (with HS code) under the management of the Ministry of Industry and Trade in the period of 2019 with vision toward 2021.

Accordingly, criteria for elimination of procedures and list of commodities need specialized examination under the management of the Ministry of Industry and Trade such as commodities are input materials or intermediary products, imported semi-finished products for food production