Foreign tech giants contribute $166 million in taxes in H1
July 24, 2023 | 11:30
The General Department of Taxation (GDT) in Vietnam has reported that prominent foreign tech companies, including Google, Apple, Facebook, Netflix, TikTok, made substantial tax contributions, amounting to around $166 million during the first half of 2023.
Vietnam sets October for move towards global minimum tax adoption
July 13, 2023 | 16:18
The Vietnamese government is slated to table the proposed legislation regarding global minimum tax before the National Assembly in October.
Enterprises wary over “rushed” tax on sugary drinks
July 13, 2023 | 09:00
Vietnam is considering a special consumption tax in its battle against the escalating obesity crisis, but industry insiders urge prudence due to the possible detrimental consequences for the beverage sector and wider economy.
Changes to special consumption tax must be studied carefully
July 11, 2023 | 16:02
The impacts of the imposition or increases of special consumption tax on several products must be studied carefully to ensure State budget revenue and the development of production and business, experts said.
Vietnam seeks Belgian advice on global minimum tax policy
July 10, 2023 | 17:42
Vietnam is engaging with Belgian support to navigate the complexities of implementing the global minimum tax (GMT) amid strengthening economic ties.
European businesses face the storm of new tax regime
June 28, 2023 | 14:00
The application of the global minimum tax is getting nearer, creating a new challenge for multinational corporations.
Vietnam mitigates global minimum tax issues for foreign investors
June 28, 2023 | 11:39
Vietnamese tax officials are looking at customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises.
Tax Department in Vietnam asks banks to provide transaction information
June 23, 2023 | 18:00
The General Department of Taxation has issued a letter requesting commercial banks and other credit institutions to provide transaction information.
Leaders question validity of short-term VAT fix to support business community
June 12, 2023 | 12:38
With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.
Loans in Vietnam - Regulatory and tax-related issues
June 08, 2023 | 09:00
Tran Thi Bao Trang, tax manager, and Lac Boi Tho, tax director, from Grant Thornton Vietnam have analysed the regulatory and tax issues for foreign loans in Vietnam.
Support to continue in form of VAT cut
May 31, 2023 | 14:31
Many types of goods and services currently subject to a 10 per cent VAT rate are to continue being eligible for a 2 per cent reduction in this type of tax, which is scheduled to get the official thumbs-up from the legislature in late June.
Industrial developers eye the effects of upcoming tax regime
May 24, 2023 | 11:32
Industrial real estate developers must be more proactive in responding to the upcoming global minimum tax policy by improving the quality of industrial zone infrastructure and providing more utilities for their tenants.
Key issues on the global minimum corporate tax rate
May 24, 2023 | 11:14
Corporate income tax is often considered as a variable in a multivariate foreign direct investment model. In some cases, the impact of the reduction in the rate will result in an increase in estimated investment from overseas. However, there is no correlation between lower rates and higher foreign funding globally.
Clock ticks to shape response to global corporate tax policy
May 24, 2023 | 10:56
The global minimum tax will have a bearing on the draw of new foreign-led initiatives in Vietnam.
Mobilising measures for healthy tax competition
May 19, 2023 | 16:38
Harmful tax competition in EAP has intensified in recent years, with many developing countries in the region using tax incentives as a key tool to attract FDI.
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