ministry announces goods exempt from tax under tpp

Ministry announces goods exempt from tax under TPP

The Ministry of Finance yesterday officially announced the list of goods which would enjoy tax reduction when the Trans-Pacific Partnership (TPP) is signed and comes into effect.
new special consumption tax on 24 seater cars

New special consumption tax on 24-seater cars

The government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to the prime minister's new decree.
na deputies worried about revised tax on cars

NA deputies worried about revised tax on cars

Many National Assembly delegates have expressed concerns about difficulties domestic automakers would face if the special consumption tax is deeply reduced.
binh duong adopts online tax payments

Binh Duong adopts online tax payments

The southern province of Binh Duong plans to organise programmes to show local companies how to pay their taxes online, officials said at a regular meeting with local Japanese companies yesterday.
draft regulation expected to simplify tax registration

Draft regulation expected to simplify tax registration

Procedures for tax registration are expected to be simplified if a draft revision of a circular on tax code registration, proposed by the General Department of Taxation, is approved.
pm proposes higher tax for nine seater vehicles

PM proposes higher tax for nine-seater vehicles

Prime Minister Nguyen Tan Dung has asked the Ministry of Finance and other relevant ministries to review tax policies and fix a new import tax rate for high-powered cars.
new circular introduces key corporate income tax changes

New circular introduces key corporate-income tax changes

On June 22, 2015, the finance ministry issued Circular 96/2015/TT-BTC, guiding the corporate income tax regime in Decree 12/2015/ND-CP ("Decree 12") of the government, dated February 12, 2015.
vn upholds tax on imported vegetable oil

VN upholds tax on imported vegetable oil

Viet Nam will continue to take protective measures against imported vegetable oil as growing imports have affected domestic production, the industry and trade ministry (MIT) said.

Gold tax rate glitters in eyes of some firms

A new gold export tax rate has received support from local corporate executives despite strong opposition from foreign mining companies.
firms head to vietnam to avoid us wood tax

Firms head to Vietnam to avoid US wood tax

Chinese firms are jumping into Vietnam to avoid the US high anti-dumping tax on made-in-China wood products to be applied from next year.
foreign firms reject tax evasion charges

Foreign firms reject tax-evasion charges

Foreign firms have rejected speculation that they report losses to avoid paying tax even when they have money to expand their business, explaining the funds come from bank loans and customers.
cut in gold jewellery export tax proposed

Cut in gold jewellery export tax proposed

The Ministry of Finance is proposing the cutting of the export duty on gold jewellery from 25% to 30% to 0% to 2%.
barcelona accused of tax fraud in neymar signing

Barcelona accused of tax fraud in Neymar signing

Spanish public prosecutors have asked for Barcelona and their former president Sandro Rosell to be tried over two charges of tax fraud allegedly committed in the signing of Brazilian star Neymar.
vice tax gets nod from na standing committee

Vice tax gets nod from NA Standing Committee

The National Assembly Standing Committee has given the thumbs-up to the government’s proposal to raise the special consumption tax on cigarettes, beer and spirits.
vietnams gold tax bringing heated protests

Vietnam's gold tax bringing heated protests

The new 10 per cent export tax rate continues to raise strong protests from local gold trading enterprises.