deadlines to pay corporate income tax extended

Deadlines to pay corporate income tax extended

The Vietnamese Government has decided to extend by three months the deadlines for small- and medium-sized businesses and those employing many employees to pay corporate income tax for last year’s first and second quarters.

Tax returns set to hit cyber highway

All enterprises in Vietnam should be able to file tax declarations electronically by 2008, as the General Department of Taxation is scheduled to kick start the online declarations project later this year.
official calls for tax incentives to assist firms

Official calls for tax incentives to assist firms

Local businesses should be assisted with tax deferrals or exemptions in order to overcome their hurdles and escape from the brink of bankruptcy, Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI), told Tuoi Tre.
obama anchors budget on tax cuts for the rich

Obama anchors budget on tax cuts for the rich

US President Barack Obama will Monday roll out a populist election-year budget challenging Republicans to support his job creation drive and to finally agree to hike taxes on the richest Americans.
multinationals keen to thrash out global tax arrangements

Multinationals keen to thrash out global tax arrangements

Multinational enterprises are willing to pay the global minimum tax in Vietnam, but the calculation and implementation of top-up fees may cause a headache.
gains outweigh losses with sugar sweetened beverage tax

Gains outweigh losses with sugar-sweetened beverage tax

Taxing sugar-sweetened beverages is attracting great attention in Vietnam, with different ideas about the pros and cons. Dr. Angela Pratt, World Health Organization representative in Vietnam, talked to VIR’s Bich Thuy about lessons that can be taken from other countries.
business weighs up petrol tax cut bid

Business weighs up petrol tax cut bid

While the Vietnamese government has yet to decide on the reduction of the environmental protection tax on petrol, concerns have been raised regarding petrol imports, as local refineries already face losses due to impending machinery shutdowns, such as at Dung Quat Refinery.
the tax policy impact on luring in fresh investment

The tax policy impact on luring in fresh investment

New tax policies in recent years have contributed significantly to building confidence from foreign investors and creating a competitive and sustainable business environment, directly contributing to Vietnam’s foreign investment growth in 2023.
tax increases must be effective to support beverage groups

Tax increases must be effective to support beverage groups

The beverage manufacturing and trading sector has been making an important contribution to Vietnam’s socioeconomic development and meeting domestic and export consumption needs, ensuring market stability.
fork in road for special consumption tax on alcohol

Fork in road for special consumption tax on alcohol

Industry insiders are worried that changes to taxes on beer will damage the domestic industry in favour of higher priced foreign brands.
amended special consumption tax should be applied over next two or three years

Amended special consumption tax should be applied over next two or three years

An amended special consumption tax (SCT) on alcohol should have a reasonable route so that manufacturers have time to adapt to the changes.
beverage tax is not be all and end all for obesity problems

Beverage tax is not be-all and end-all for obesity problems

International experiences hint that applying an excise tax on sugary beverages is not an effective measure in controlling and reducing the rate of overweight, obesity, and non-communicable diseases.
vietnam set to implement global minimum tax

Vietnam set to implement global minimum tax

Vietnam is poised to adopt global minimum tax (GMT) regulations, a move set to impact 122 foreign investment conglomerates and strengthen the country's fiscal framework in line with international standards.
calls made to avoid unfair tax methods

Calls made to avoid “unfair” tax methods

Vietnam’s legislature is closer to discussing an excise tax on beverages, which could drastically affect beers and spirits businesses depending on what direction is taken.
tax hikes to fight tobaccos harmful effects

Tax hikes to fight tobacco’s harmful effects

Recommendations have been made for Vietnam to increase taxes on tobacco amid rising risks to health caused by the addictive leaves.