11-09-2024 11:14
Lawmakers have assessed that if fertilisers were included in the VAT tax group at a rate of 5 per cent, it could create a fairer market but would certainly increase product prices.
14-06-2024 15:00
Applying VAT at 5 per cent on fertiliser will benefit various parties and contribute to the sustainable development of the industry.
24-04-2024 10:53
Vietnam is set to revise its existing Law on Value-Added Tax with a reclassification of products in areas like agriculture and fisheries, with the hopes of making them more favourable in performance.
23-01-2024 13:53
The Ministry of Finance is recommending the exclusion of several specific goods and services from the scope of VAT exemption.
23-11-2023 10:23
The proposal to reduce VAT by 2 per cent has received conflicting responses.
19-07-2023 09:33
The long-standing dialogue between Hanoi Tax Department and An Phat Global Import – Export Trading JSC is becoming increasingly strained, with ongoing disputes over VAT refunds causing tension and frustration.
31-05-2023 14:31
Many types of goods and services currently subject to a 10 per cent VAT rate are to continue being eligible for a 2 per cent reduction in this type of tax, which is scheduled to get the official thumbs-up from the legislature in late June.
08-08-2011 08:00
Local banks’ SOS for value added tax guidance will soon be answered.
08-07-2020 12:11
Amidst lingering complaints from businesses on VAT for imported medical devices, the Ministry of Finance has broken its silence by announcing the ongoing revision of prevailing rules, but tangled inconsistencies will remain with no timeline yet revealed.
29-06-2018 10:13
The Ministry of Finance’s (MOF) two proposals to increase value-added tax (VAT) would have various impacts on the overall economy and household welfare, said Nguyen Duc Thanh, Director of the Viet Nam Institute for Economic and Policy Research (VEPR).
02-08-2017 09:15
Over 3,500 foreigners received VAT refund totaling VND15 billion (US$660,000) in the last six months, a year on year increase of nearly 50 percent, reported the Customs Division at Tan Son Nhat International Airport.
18-03-2016 10:01
The Ministry of Finance has asked local tax authorities to refund value-added tax (VAT) to enterprises if the amount of tax they default on is less than the amount of tax refund that they will receive.
04-03-2015 09:53
International tourists will receive value-added tax (VAT) refunds on goods they purchase in Viet Nam at one more airport, the Phu Quoc International Airport in the southern Kien Giang province.
03-09-2014 08:49
The Prime Minister is supporting the proposal of the Ministry of Finance to include animal feed in the list of products exempted from value added tax (VAT) payment.
01-02-2012 14:48
Foreign tourists will receive value added tax (VAT) refunds on goods they purchase in Vietnam when leaving the country via Noi Bai and Tan Son Nhat airports in Hanoi and Ho Chi Minh City.