On June19, with National Congress’s approval ratings to over 90% voted through the Defense national security education Law and the Law amending and supplementing a number of articles of the Law on Corporate Income Tax, Law amending supplementing some articles of the Law on value Added tax and the Law on Prevention of natural disasters.
It will take effect on 01/01/2014, the Law amending and supplementing a number of articles of the Law on Corporate Income Tax regulated that the ad spend, marketing, promotion, brokerage commissions, expenses reception, reception, conference, more marketing support, more support costs directly related to production activities, trading in excess of 15% of the total deductible expenses in the expense is not deductible when determining taxable income. Except the 10% tax rate on corporate income from investment of the project - social housing business in paragraph 7 of Article 1 of the Law is implemented from 1/7/2013.
Law amending and supplementing a number of articles of the Law on Value Added Tax (will take effect on 01/01/2014) provides tax registration threshold is 1 billion and keep the rules of 25 groups of goods taxable. Own 5% tax provisions for sale, lease or lease-purchase of social housing under the provisions of the law in Clause 3, Article 1 of this Law shall be made from the date 01/7/2013. The law also specified the 50% tax rate value from 01/7/2013 and end on 30/06/2014 for sale, rental or lease purchase houses apartments trade is complete with a floor area less than 70 m2 and priced below 15 million m2.
Defense national security education Law (will take effect on 01/01/2014) retains the provisions of fostering national defense and security of the objects in the agencies of the State institutions and organizations politics, political - social organizations, especially because of many party members who do not hold leadership positions, management will not be eligible for retraining under the points a, b, c, d, Clause 2 this fact that in recent years, grassroots party members (5 subjects) are exemplary, active participation and fostering good role in promoting propaganda and mobilize people, except for few due to advanced age and poor health are more of free activities.
From Mayday 2014, the prevention and disaster fund under Law on disaster will launch because of the explanation of the NASC. Recently, the fund had "significant additional resources to help local governments more proactive in overcoming the consequences of natural disasters in terms of state funding for the prevention of natural disasters today are limited ".