02-10-2020 15:07
The Government has decided to implement a 30 percent corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
20-02-2019 08:19
With the increasing trends in economic integration, it is normal that overseas organisations and foreigners generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organisation earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (“FCT”). How about tax liabilities of a foreigner earning income through providing services in Vietnam?
02-05-2018 12:14
Despite making billions of dollars in revenue, two giant technology brands Facebook and Google only paid miniscule taxes to the Vietnamese government.
02-04-2018 16:33
Grant Thornton Vietnam hosted tax seminars with the chairwoman of the Vietnam Tax Consultants Association (VTCA) as a guest of honour, to highlight important tax policies in 2017 and update on key regulatory changes from 2018.
06-02-2018 11:45
To date, the Ho Chi Minh City Department of Taxation has yet to enforce tax payments from Uber B.V because the company has yet to open a bank account in Vietnam.
30-08-2016 15:06
Big C Vietnam, representing its new owner Central Group, has paid off the whole VND2.034 trillion ($93 million) it declared in tax earlier.
29-07-2016 14:45
Vietnam’s General Department of Taxation has requested Central Group to pay the regulated tax arrears incurred by the transfer of Big C Vietnam supermarket chain, after failing to collect its dues from previous owner Groupe Casino.
06-10-2014 09:28
Vietnam’s Ministry of Finance has proposed adding online games to the list of goods subject to special consumption taxes, which currently includes tobacco and liquor products, a decision that could result in VND650 billion (US$30.59 million) in tax collection per annum.
30-11-2023 11:00
On November 29, the National Assembly of Vietnam approved a resolution on applying additional corporate income tax following the Global Anti-Base Erosion Rules, which is expected to have an impact on foreign direct investment (FDI) inflows into Vietnam.
18-06-2024 19:07
The government has extended the deadline for special consumption tax (SCT) payments for domestically manufactured and assembled cars.
31-07-2023 09:51
Vietnam's government has delayed the decision to include online gaming services in the scope of the country's special consumption tax, leading to a sigh of relief from domestic industry stakeholders.
13-07-2023 16:18
The Vietnamese government is slated to table the proposed legislation regarding global minimum tax before the National Assembly in October, with the General Department of Taxation (GDT) forecasting an implementation timeline commencing at the outset of 2024.
23-03-2023 16:38
Countries that have outbound and inbound investment activities have been making drastic moves in considering policies related to the global minimum tax (GMT). If Vietnam does not take immediate action or delays implementing it, it may miss the opportunity to have the right to tax and may be left behind in attracting foreign investment.
28-06-2023 11:39
Vietnamese tax officials are strategising resource allocation and customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises, ensuring an appealing investment climate.
23-06-2023 18:00
The General Department of Taxation has issued a letter requesting commercial banks and other credit institutions to provide transaction information, account balances, and data as requested by the directors of local tax departments.