na passes three laws on tax and finance

NA passes three laws on tax and finance

The National Assembly officially adopted three important laws in tax and finance, including the Law on Management and Use of State Capital in Production and Business, the revised Law on Excise Tax and the Law on amendments and supplements to some articles of the Laws on Tax.
online games get special tax break

Online games get special tax break

The lastest draft of the amended law on special consumption tax has apparently excluded online games from the list of goods and services to be taxed.
govt to raise tax on tobacco products

Gov't to raise tax on tobacco products

The Government is planning to increase the special consumption tax imposed on tobacco products to raise income for the state budget and reduce the number of smokers.
electronic tax program to be launched next year

Electronic tax program to be launched next year

The General Department of Taxation of Vietnam has announced to kick off a pilot program on electronic taxation in 2015 to help ease the burden of administrative procedures on local taxpayers.
diageo head takes on vice tax

Diageo head takes on vice tax

Increasing the special consumption tax rate on alcoholic beverages, beers, and tobacco has been in the news since the Vietnamese government sought the National Assembly’s approval for a related bill. If the bill is approved, what will be the impacts on business and society? VIR spoke with Stephane Gripon, general manager of Diageo Vietnam to discuss the issue.
enterprises report losses to evade tax

Enterprises report losses to evade tax

Nearly half of enterprises in Ho Chi Minh City have reported losses annually, many of them are foreign direct investment firms who have reported losses for ten consecutive years to avoid paying tax.
fiji water reopens after agreeing to tax

Fiji Water reopens after agreeing to tax

The US-owned bottled water firm Fiji Water Wednesday reopened its operations in military-ruled Fiji, saying it would comply with a new tax law it had previously branded "untenable".
car import tax to drop to zero by 2018

Car import tax to drop to zero by 2018

Vietnam will apply a zero tariff policy to all automobiles imported from ASEAN countries by 2018, making it easier for consumers to buy cars.
gold miners yet to meet tax obligations

Gold miners yet to meet tax obligations

Experts are calling for stricter penalties on mineral exploitation enterprises, which have intentionally delayed the payment of environmental protection fees and taxes.
soft drink dodges consumption tax

Soft drink dodges consumption tax

Hanoi - The Government has agreed with the Ministry of Finance's final draft law and not included carbonated soft drinks to the list of items subject to special consumption tax.
vn boosts tax refunds to foreigners

VN boosts tax refunds to foreigners

Since July 1, 2014, foreigners would be able to obtain their value-added tax (VAT) refunds in seven border gates instead of two as at present. 
dealers want tax cut on imported fuel

Dealers want tax cut on imported fuel

Fuel dealers have asked the Finance Ministry to reduce import duties for gasoline, diesel oil and kerosene, according to the ministry.
vietnam targets reduced tax time

Vietnam targets reduced tax time

According to Resolution 19/N-CP on core measures to improve the business climate and national competitiveness, the amount of time businesses spend on tax procedures will be decreased five-fold from 876 hours to 171 hours.
intel factory cleared of tax evasion

Intel factory cleared of tax evasion

The Ministry of Finance has  confirmed that the US-based chip maker Intel Vietnam did not evade tax on a recent capital transfer deal.
fdi firms accused of tax dodges

FDI firms accused of tax dodges

The southern province of Dong Nai is regarded as a hotspot for foreign direct investment (FDI) in Vietnam.