Proposed VAT rule pros and cons for digital products

Proposed VAT rule pros and cons for digital products

In alignment with the current 10-year socioeconomic development strategy in Vietnam, the draft amended VAT law is currently being developed by the Ministry of Finance, which is seeking input from businesses and business associations to finalise the draft in the near future.
Likely scenarios on taxation for sugary beverages

Likely scenarios on taxation for sugary beverages

In addition to amendments concerning several goods, services subject to special consumption tax (SCT) such as cigars, alcohol, cars with fewer than 24 seats, among others, the draft law on SCT amended has included beverages with sugar content exceeding 5g
The tax policy impact on luring in fresh investment

The tax policy impact on luring in fresh investment

New tax policies in recent years have contributed significantly to building confidence from foreign investors and creating a competitive and sustainable business environment, directly contributing to Vietnam’s foreign investment growth in 2023.