proposed vat rule pros and cons for digital products

Proposed VAT rule pros and cons for digital products

In alignment with the current 10-year socioeconomic development strategy in Vietnam, the draft amended VAT law is currently being developed by the Ministry of Finance, which is seeking input from businesses and business associations to finalise the draft in the near future.
vir to host talk show on tax amendments to promote business activities

VIR to host talk show on tax amendments to promote business activities

A talk show themed “Tax Amendments to Promote Business Activities” will be held by VIR on June 14 to provide insights into amended tax regulations.
still no vat hike proposal to aid business development

Still no VAT hike proposal to aid business development

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.
new vat law needs further clarity before implementation

New VAT law needs further clarity before implementation

Linh Nguyen, attorney of EP Legal, analyses whether the draft decree on the implementation of the amended VAT Law, which will come into force on January 1, 2013, is a step forward.
tourists to be given vat refunds

Tourists to be given VAT refunds

International tourists will enjoy value-added tax (VAT) refunds when they purchase goods in Vietnam under a draft currently under consideration by the Ministry of Finance.
new vat policy for ahamove

New VAT policy for Ahamove

The HCM City Department of Taxation has approved a proposal from Ahamove regarding the way the on-demand delivery service company calculates value-added tax (VAT).
ministry backs down on vat

Ministry backs down on VAT

Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.
firms to get vat extension

Firms to get VAT extension

Some small fry and labour-intensive businesses will continue enjoying a three-month value added tax extension. 
few visitors get vat refund

Few visitors get VAT refund

Only 34 foreign tourists have claimed value-added tax refunds at Tan Son Nhat International Airport after a month since the customs started a pilot programme to this effect to make local shopping more attractive to tourists.
guidance necessary for the new vat plan

Guidance necessary for the new VAT plan

Businesses are expecting another VAT reduction of 2 per cent from this month, along with clear guidance documents to ensure favourable implementation.
retailers vexed with vat implementation

Retailers vexed with VAT implementation

A newly-issued VAT reduction policy has received a positive response from both consumers and businesses, especially businesses in the retail sector – however, not all businesses have the resources available to immediately apply the new rate due to implementation obstacles.
wait goes on for medical vat clarity

Wait goes on for medical VAT clarity

International importers of medical devices into Vietnam are urging for an end to the legal impasse that has been blocking them from enjoying a 5 per cent VAT rate.
smes get needed vat lift

SMEs get needed VAT lift

The economy’s dynamos are now allowed to declare value added tax on a quarterly basis to reduce tax declaration administrative procedures.

Firms clean on VAT reimbursements

No violations of value-added tax reimbursement were found last year, a huge achievement considering it was estimated that state budget losses from false reimbursements would reach $20.6 million, based on previous years’ averages.
government revises vat guidance

Government revises VAT guidance

In wake of the continued efforts by governments to bolster investment following the economic downturn, there has been a noticeable and stable rebound in FDI in Asia.