germany plans moderate tax cuts for 2013

Germany plans 'moderate' tax cuts for 2013

Tax relief promised for 2013 will be moderate, German Chancellor Angela Merkel said in an interview on Sunday offering an early glimpse of a policy held dear by her liberal coalition partners.
vietnam to import additional petroleum and adjust tax

Vietnam to import additional petroleum and adjust tax

Increasing petroleum imports and raising related taxes is deemed an effective solution to offset the shortfall in domestic output.
clarity offered through auto industry tax proposals

Clarity offered through auto industry tax proposals

The Ministry of Finance’s proposal on tax incentives for domestically-produced cars beyond 2022 could contribute to aiding the local automobile and supporting industries.
e commerce platforms to be connected with tax agencies from next year

E-commerce platforms to be connected with tax agencies from next year

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.
g20 endorses historic global tax reform

G20 endorses historic global tax reform

G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.
steelmakers question timing of product tax adjustments

Steelmakers question timing of product tax adjustments

Some steelmakers are urging the Ministry of Finance to take a closer look at a proposal to add an export tax on steel billets and cut import taxes for other steel products as these could hurt their operations, although the change is primarily being set up to stabilise domestic prices.
outlining fresh regulations on personal income tax

Outlining fresh regulations on personal income tax

New rules on personal income tax are expected to impact individuals, households, and also landlords from early August. Tran Thai Binh and Duong Thi Minh Han from law firm LNT & Partners analyse possible impacts on this subject in the market.
further scrutiny required before introducing property tax overhaul

Further scrutiny required before introducing property tax overhaul

To curb land speculation, some proposals regarding land-value taxation and progressive taxes based on the number of owned properties have been suggested, which experts believe could make it more costly for speculators to hold onto vacant sites in Vietnam. 
appeals for clarity on access to tax extension scheme

Appeals for clarity on access to tax extension scheme

Although Vietnamese businesses are paying special attention to the government’s new tax extension plans, some financial experts are advising more effective strategies than previous ones.
115 trillion vnd for tax payment extension

115 trillion VND for tax payment extension

The total value of taxes and land lease fees under the Government’s recently-issued decree on the extension of deadlines for tax payment is 115 trillion VND (4.97 billion USD), heard a press conference of the Government on May 5.
tax hammer falling on foreign ott apps

Tax hammer falling on foreign OTT apps

The Vietnamese government is taking further measures to force compliance out of overseas over-the-top platforms.
tax filing extension a modicum of relief

Tax filing extension a modicum of relief

While welcoming the government’s new supporting policy, foreign-invested enterprises in Vietnam are seeking more assistance to survive the COVID-19 storm and spur recovery.
tax tweak puts strain on apparel makers

Tax tweak puts strain on apparel makers

On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies.
global minimum corporate tax and its impact on vietnam

Global minimum corporate tax and its impact on Vietnam

This past week, finance officials from the US, Britain, Germany, Japan, France, Italy, and Canada – the G7 group comprising some of the richest countries in world – agreed on a worldwide minimum corporate tax on large international companies of at least 15 per cent. Jack Nguyen, partner from Mazars analysed the impacts of this policy on the e-commerce sector in Vietnam.
tax incentives back on the cards for industrial parks

Tax incentives back on the cards for industrial parks

The government hopes to stimulate foreign direct investment flows by bringing back in corporate income tax incentives for industrial park projects.