more car tax cuts to stimulate demand

More car tax cuts to stimulate demand

A proposal on a vehicle registration fee cut, if approved from August 1, could be a god-send for the automobile industry.
nearly 43000 online sellers under tax review

Nearly 43,000 online sellers under tax review

On July 9, Vietnam's General Department of Taxation (GDT) announced it is reviewing 42,898 businesses and individuals that selling goods through e-commerce channels were subject to review, encouragement, and support for tax declaration and payment.
feedback welcomed for upcoming tax law changes

Feedback welcomed for upcoming tax law changes

Next year and the following year, there are important amended tax laws coming into effect on the VAT, corporate income tax (CIT) and special sales tax (SST), which are of concern to the businesses and those affected.
authorities ramp up tax inspections of livestreams

Authorities ramp up tax inspections of livestreams

Individuals and organisations involved in livestream sales and affiliate marketing on e-commerce platforms are facing the most stringent inspections ever related to tax declaration and payment.
conflicts apparent regarding proposed consumption tax

Conflicts apparent regarding proposed consumption tax

Beverage industry leaders continue to put across their views on the potential increase in special consumption tax on various beverages.
proposals must aid e commerce tax management

Proposals must aid e-commerce tax management

The latest proposal to require e-commerce platforms to handle tax declarations for sellers has faced criticism for placing undue strain and conflicting with global practices.

Tax bill may stir up foreign opposition

International experts have warned that the personal income tax bill announced by the Ministry of Finance last week may face protests from foreigners.
excise tax change to be considered carefully for all

Excise tax change to be considered carefully for all

Beer industry leaders have called for proposals to increase excise tax to be carefully considered, with multidimensional impacts assessed to harmonise interests, responsibilities, and feasibility for all parties involved.
businesses call for further scrutiny on beverage tax

Businesses call for further scrutiny on beverage tax

Industry insiders claim there is no evidence that imposing an excise tax on sugary drinks will reduce consumption, and such a move requires more comprehensive assessment.
legitimate businesses must not be disadvantaged with alcohol tax

Legitimate businesses must not be disadvantaged with alcohol tax

The draft Law on Special Consumption Tax, including a high raise in the tax for alcohol, will have great and direct impacts on not only enterprises in the production and trading of alcohol and soft drinks, but also product chains, labour, and social security.
habubanks pre tax profit drops

Habubank’s pre-tax profit drops

Hanoi Building Commercial Joint Stock Bank, popularly known as Habubank, has reported a decline in pre-tax profit for 2011 as the lender made a loss in the final quarter of last year.
semiconductor arena can improve with tax incentives

Semiconductor arena can improve with tax incentives

Vietnam has been emerging as a significant player in the global semiconductor industry and aimed to become a key market for large-scale chip production. However, the country faces an intense competition from regional and global rivals such as South Korea, Malaysia, and Thailand, each offering attractive incentives to lure semiconductor investments.
incentives abound for minimum tax adoption

Incentives abound for minimum tax adoption

Vietnam has been urged to create more incentives for foreign investors following the country’s decision to apply a new international corporate income tax top-up.
laos considers raising value added tax

Laos considers raising value-added tax

The Lao Ministry of Finance is considering raising the value-added tax (VAT) rate to 10 per cent from 7 per cent in an effort to boost government revenue and support the national economy, local media reported.
sugar tax plans see detailed additions

Sugar tax plans see detailed additions

Vietnam is closer to adding a tax on soft drinks based on sugar content to encourage businesses to produce and import low-sugar soft drinks.