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.
beverage businesses baulk at tax rise plans

Beverage businesses baulk at tax rise plans

Industry experts and beer producers are urging for a delay in any increase to special consumption tax until at least 2026, giving the industry more time to recover from low growth.
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.
tax and land use fee reductions should continue in 2023 mof

Tax and land-use fee reductions should continue in 2023: MoF

The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.
vietnam sets out to deal with carbon tax and market barriers

Vietnam sets out to deal with carbon tax and market barriers

Vietnam’s market for carbon credits is likely to heat up, bringing with it various challenges for both regulators and businesses.
foreign service providers fulfill tax obligations in vietnam

Foreign service providers fulfill tax obligations in Vietnam

Since the portal for tax payment of cross border activities was launched on March 21 this year, 36 foreign service providers have registered, declared and paid taxes through it, heard a webinar held by the Government Portal on September 29.
indonesia considers imposing excise tax on sweetened beverages

Indonesia considers imposing excise tax on sweetened beverages

The Indonesian government has considered realising its plan to impose an excise tax on all packaged sweetened beverages.
indonesia considers imposition of tax on nickel exports this year

Indonesia considers imposition of tax on nickel exports this year

Indonesia may impose a tax on nickel exports this year, as the country, the biggest producer of the electric-vehicle battery metal, looks to refine more at home, according to President Joko Widodo.
e commerce needs better legal framework to prevent tax loss insiders

E-commerce needs better legal framework to prevent tax loss: insiders

The fast-growing e-commerce sector is making big money but its tax payments are not commensurate with its revenues, exposing the need for a better tax policy to prevent losses, according to insiders.
obama proposes tax hikes to pay for jobs bill

Obama proposes tax hikes to pay for jobs bill

US President Barack Obama signaled Monday he would pay for his $447 billion dollar jobs plan by raising taxes on the rich and energy corporations and demanded that Congress pass it right away.
resorting to tax policy to mitigate burden on agriculture sector

Resorting to tax policy to mitigate burden on agriculture sector

The agriculture sector is experiencing unprecedented challenges owing to a considerable increase in input costs and a drop in sales prices. Duong Manh Hung, head of Agriculture, Forestry and Fisheries Statistics Department of the General Statistics Office, talked with Manh Bon about the need for tax policy to temporarily resolve the agricultural sector's difficulties, combined with the long-term goal of reducing reliance on imported materials.
vietnam to issue a tax decree on cross border e commerce

Vietnam to issue a tax decree on cross-border e-commerce

Vietnam intends to issue a new decree to regulate cross-border e-commerce deliveries amidst the e-commerce boom.
more tax fee cuts to benefit pandemic hit enterprises people

More tax, fee cuts to benefit pandemic-hit enterprises, people

About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
tax cuts proposed to support businesses rocked by pandemic

Tax cuts proposed to support businesses rocked by pandemic

The Tax Policy Department under the Ministry of Finance is drafting a proposal on tax reduction to support individuals and businesses affected by the COVID-19.
wide global ripples expected following g7 tax negotiation

Wide global ripples expected following G7 tax negotiation

Large multinational corporations, including those operating in Vietnam, are carefully watching developments following the landmark corporate tax agreement made by the G7, although market watchdogs are skeptical about a global minimum tax.