tax changes save small firms time and money

Tax changes save small firms time and money

The government has approved a General Department of Taxation proposal to extend the declaration of value added tax (VAT) for small- and medium-sized enterprises (SMEs) and family-run businesses.
vietnam to amend law on personal income tax

Vietnam to amend law on personal income tax

It is pressing for Vietnam to amend the Law on Personal Income Tax (PIT) as many of its regulations have proven outdated and no longer appropriate.
car importer laments wrong tax calculation

Car importer laments wrong tax calculation

Hyundai Thanh Cong Auto JSC is saying the Ba Ria-Vung Tau customs has calculated tariffs for its new imported cars based on prices higher than their actual import prices.
navigating tax concerns for vietnamese and multinational companies

Navigating tax concerns for Vietnamese and multinational companies

The pandemic has reshaped the global and domestic economy, and altered every nook and cranny of the tax landscape. Hoang Thuy Duong, partner and head of Tax at KPMG in Vietnam, discussed how Vietnam should write a new tax chapter to become an international fund magnet, with VIR’s Luu Huong.
tax proposal for second properties presents questions over viability

Tax proposal for second properties presents questions over viability

A new second property tax pilot proposal has raised concerns that the market will become affected by low liquidity, discouraging buyers.
foreign buyers face property tax limbo

Foreign buyers face property tax limbo

Some dossiers to transact property from foreigners to future buyers are still pending at local tax offices and waiting for the final decision of the General Department of Taxation to determine what type of tax to impose.
taking on a global corporate tax rate

Taking on a global corporate tax rate

Implementing a global minimum tax rate will create conditions to increase tax revenue from foreign enterprises, but at the same time put Vietnam in front of new challenges. Patrick Lenain and Agustin Redonda from the Council on Economic Policies in Switzerland analyse the advantages and the risks of this type of tax for Vietnam.
vietnam ponders hybrid car tax shift

Vietnam ponders hybrid car tax shift

A lower tax on hybrid cars should be calculated carefully when it comes to contributing to environmental protection, instead of benefiting only a few automobile manufacturers.
vietnamese place high trust in tax system

Vietnamese place high trust in tax system

The Vietnamese have a positive attitude towards the press, politicians and the wider tax system, according to a recent study.
global fuel concerns force tax action

Global fuel concerns force tax action

The government is expected to apply a scheme to pare down taxes and fees for fuel products, as well as provide sufficient fuel for the economy, in a bid to offer support and ensure desired growth.
preparing mncs for a global tax rate

Preparing MNCs for a global tax rate

The introduction of a global minimum corporate tax on the foreign profits of multinational corporations will affect Vietnam’s own tax plans. Annett Perschmann-Taubert, tax partner at PwC Vietnam, discussed with VIR’s Luu Huong the current tax landscape and how policies should be reformed in order to maintain momentum.
hdbanks profit before tax exceeds 240 million

HDBank's profit before tax exceeds $240 million

HDBank's profit before tax for the first half of the year exceeded $240 million, fulfilling 54 per cent of its annual budget. Its separate non-performing loan (NPL) ratio was only 0.93 per cent.
proposal to change the excise tax on alcoholic beverages

Proposal to change the excise tax on alcoholic beverages

At a conference on excise tax policy for the alcoholic beverage industry on April 8, Nguyen Hoa Cuong, deputy director general of the Central Institute of Economic Management (CIEM) said that the management of the regulations on tax and advertising of alcoholic beverages have been amended significantly.
tax system reform strategy to 2030 approved

Tax system reform strategy to 2030 approved

Deputy Prime Minister Le Minh Khai has approved reforms to the tax system.
imposing suitable tax rules on cross border providers

Imposing suitable tax rules on cross-border providers

According to an inclusive framework on tax base erosion and profit shifting (BEPS) from the G20 and the Organisation for Economic Co-operation and Development (OECD), a global minimum tax was agreed upon in October 2021 amongst 137 of the 141 nations that are members of the framework – which was a major step forward in supporting sustainable development goals.