17-10-2023 11:45
The Ministry of Finance (MoF) has recommended reducing VAT by 2 per cent for the first six months of 2024 on some groups of goods and services that are currently subject to the 10 per cent rate.
21-04-2023 15:31
The 2 per cent reduction in VAT is hoped to affect aggregate demand significantly, effectively doping the economy amidst the current slowdown.
17-11-2022 16:00
As VAT refunds represent a crucial part of the cash flow of timber processors, the current delay is throwing a wrench in the operations of woodchip, furniture, and other timber-based producers, leading related associations to call for easier regulations.
13-01-2022 17:51
The National Assembly approved to decrease VAT by 2-8 per cent this year, applied on certain goods and services currently taxed with 10 per cent.
11-08-2021 22:56
Investors of build-operate-transfer projects are expected to rejoice over upcoming solutions related to issues surrounding lending rates and VAT refunds in August, enabling them to make the next steps.
04-09-2017 10:05
Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise.
01-07-2014 16:30
Foreign visitors are now able to claim VAT refunds for goods they have purchased in Vietnam when leaving the country through seven border gates instead of only two as before, according to a fiat from the Prime Minister that took effect Tuesday.
10-04-2014 09:18
The Ministry of Finance is seeking government approval for a new circular to give VAT refunds to foreigners who leave Vietnam through many other airports and seaports rather than just the two largest terminals in the country as at present.
19-02-2022 11:17
As many foreign-invested enterprises (FIE) face difficulties in completing procedures for applying zero VAT rates to their exported services due to unclear regulations, the Vietnam Business Forum's (VBF) Tax & Customs Working Group on February 18 proposed zero VAT treatments for these entities as well as more understandable conditions.
12-06-2023 12:38
With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.
13-09-2021 15:47
The government has published a decision to temporarily suspend import duties and VAT on goods amid the fight against COVID-19.
03-01-2015 20:45
Cam Ranh International Airport in the south-central province of Khanh Hoa will officially open its VAT refund booth for foreigners next week, six months after it received approval from the Prime Minister to do so.
04-05-2023 15:57
The Government has proposed the National Assembly (NA) to consider a 2 per cent reduction in the value-added tax (VAT) on goods and services subject to a 10 per cent VAT during its coming meeting stated to start on May 22.