KPMG exclusive #1: Major tax and legal changes on horizon

KPMG exclusive #1: Major tax and legal changes on horizon

In the first interview on KPMG Tax and Legal Institute, Hoang Thuy Duong, head of Tax of KPMG in Vietnam shares regulatory and tax complexities facing Vietnam.
Hanoi clears up businesses’ tax concerns

Hanoi clears up businesses’ tax concerns

Enterprises, especially foreign-invested firms affected by the COVID-19 pandemic, had their tax-related concerns cleared up by the Hanoi Department of Taxation during an online conference on November 16.
KPMG 2021 Tax & Legal Institute updates on key developments in past year

KPMG 2021 Tax & Legal Institute updates on key developments in past year

KPMG held its annual Tax & Legal Institute for business leaders, C-levels, and managers to update on new tax policies and legislative changes.
ASEAN sectoral bodies release ASEAN Taxonomy for sustainable finance

ASEAN sectoral bodies release ASEAN Taxonomy for sustainable finance

ASEAN finance bodies today achieved a milestone towards meeting Paris Agreement commitments by introducing a common language for sustainable financing.
Resorting to tax policy to mitigate burden on agriculture sector

Resorting to tax policy to mitigate burden on agriculture sector

Duong Manh Hung, head of Agriculture, Forestry and Fisheries Statistics Department, highlights the need for tax policy to resolve difficulties for agriculture.
Impacts of tax framework changes

Impacts of tax framework changes

Robert King, EY Indochina tax leader, and Ly Vu Uyen Nguyen, tax director of EY Consulting Vietnam, explain the proposed changes and how they could affect local businesses in this country.
Vietnam to issue a tax decree on cross-border e-commerce

Vietnam to issue a tax decree on cross-border e-commerce

Vietnam intends to issue a new decree to regulate cross-border e-commerce deliveries amidst the e-commerce boom.
Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals is waiting for the MoF's approval to remove the 2 per cent import tax on propane, a material used for propylene production.
Clarity offered through auto industry tax proposals

Clarity offered through auto industry tax proposals

The Ministry of Finance’s proposal on tax incentives for domestically-produced cars beyond 2022 could contribute to aiding the local automobile and supporting industries.
Various state budget options offered up to quicken recovery

Various state budget options offered up to quicken recovery

Extending tax schedules, pushing ahead with vaccinations, and dipping further into the budget are just some of the drastic measures the business community in Vietnam is looking for to climb its way out of the current stagnation.
Tax aid comes as relief for businesses

Tax aid comes as relief for businesses

Vietnam’s tax agencies and banking groups are taking more drastic concerted efforts to buttress the domestic economy and foster resilience against the current wave of COVID-19 infections.
Supporting multinationals to plan out tax strategies

Supporting multinationals to plan out tax strategies

The Ministry of Finance’s Circular No.45/2021/TT-BTC guiding the application of advance pricing agreements is considered a mechanism for multinational corporations to plan tax strategies.
Tax cuts proposed to support businesses rocked by pandemic

Tax cuts proposed to support businesses rocked by pandemic

The Tax Policy Department under the Ministry of Finance is drafting a proposal on tax reduction to support individuals and businesses affected by the COVID-19.
Higher clinker export duty proposed to restrict export of natural resources

Higher clinker export duty proposed to restrict export of natural resources

The export duty of clinker has just been proposed to be doubled from 5 to 10 per cent to reduce the exports of non-renewable natural resources.
US removes tariff threats against Vietnam

US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
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