05-07-2024 10:49
Businesses in Vietnam will continue to enjoy an 8 per cent VAT rate until the year’s end following an extension to the rate cut, which will cause a decrease in state budget revenues.
11-06-2024 14:53
The business community is set to benefit from a continued VAT reduction as part of the country’s major efforts to assist enterprises currently facing massive difficulties.
24-04-2024 11:02
The government is to ask the National Assembly to continue with its current VAT rate of 8 per cent until the year’s end as part of the country’s efforts to assist enterprises currently facing operating obstacles.
23-01-2024 14:01
The Ministry of Finance has proposed comprehensive modifications encompassing the amendment, abolition, and supplementation of various regulations pertaining to VAT refunds.
02-08-2023 10:53
The Vietnam Banks Association has proposed a 2 per cent VAT reduction for the entire banking sector, which is currently excluded from the list of sectors entitled to the tax cut.
23-08-2023 13:00
Major delays in tax refunds are hindering major South Korean companies that would be otherwise keen to invest large sums in Vietnam.
23-08-2023 09:24
Central-run authorities have given drastic directions to speed up VAT refunds for numerous businesses, especially struggling wood exporters.
08-08-2023 13:35
In the first seven months of 2023, Vietnam's tax authority has refunded $2.93 billion in VAT to businesses, with 80 per cent of the refunds made under the refund first, audit later scheme.
15-06-2023 13:00
A number of woodchip exporters in Vietnam are rejecting orders as they are waiting for more than $170 million in pending VAT refunds.
16-05-2023 15:00
A proposal on the reduction of VAT was submitted to the National Assembly on May 5 by Minister of Finance Ho Duc Phoc, amid plenty of challenges and risks for the economy.
08-07-2020 10:46
Indonesia began to impose a 10-percent value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on July 7 in the context of the COVID-19 pandemic affecting the country’s state finances.
29-01-2017 21:20
As reported by newspaper Vietnamnet, the Ministry of Finance has just asked booking sites that allow tourists to book hotel rooms in Vietnam to calculate and pay their value-added tax (VAT) and corporate income tax (CIT).
07-01-2015 10:36
Foreigners and overseas Vietnamese people exiting the country from Cam Ranh airport in Khanh Hoa province will be eligible for value added tax (VAT) refunds on purchases of Vietnamese products.
21-07-2014 13:51
Hanoi - The General Department of Viet Nam Customs has instructed customs departments in Ha Noi and HCM City to strengthen the supervision of goods that are eligible for value added tax refunds at the cities' international airports to avoid losses to the State budget.
17-06-2024 13:30
Domestic fertiliser producers will have opportunities to capture market share if the proposal to apply a new VAT rate on fertiliser is approved.