Feedback welcomed for upcoming tax law changes
July 18, 2024 | 12:22
Next year and the following year, there are important amended tax laws coming into effect on the VAT, corporate income tax (CIT) and special sales tax (SST), which are of concern to the businesses and those affected.
Calculation of top-up payable under Pillar 2 global minimum tax
May 07, 2024 | 18:00
The Vietnam Association of Foreign Invested Enterprises and the International Tax and Investment Centre have held a workshop on the global minimum tax.
Crucial small business arena to receive reduced CIT boost
April 24, 2024 | 11:12
A reduction in corporate income tax is expected to materialise for smaller enterprises in Vietnam, helping them improve competitiveness.
Vietnam envisages GMT application by early 2024
November 01, 2023 | 18:49
Deputy general director of the General Department of Taxation Dang Ngoc Minh delves into Vietnam's application of the global minimum tax (GMT) scheme from 2024.
Exporters being stifled by VAT tweaks
August 02, 2023 | 14:00
The constant changes of requirements for verification of records and invoices are being called too challenging for exporters, with businesses complaining that VAT refund procedures are becoming more baffling.
Banking organisations seek VAT reduction addition
August 02, 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.
Businesses should proactively respond to GMT
April 21, 2023 | 17:43
The GMT rate will enable Vietnam to switch businesses to preferential status to retain overseas investors, while also supporting the development of local SMEs.
KPMG assists businesses in tackling tax audit and inspection issues
April 19, 2022 | 16:51
KPMG in Vietnam launched the Tax & Legal 2022 programmes to support businesses in tax auditing and inspection in 2022-2023.
Keeping an eye on the economic dangers still ahead
April 18, 2022 | 15:00
It has been nearly three months since Vietnam implemented a VAT reduction from 10 per cent to 8 per cent with Decree No.15/2022/ND-CP dated January 28 on prescribing tax exemption and reduction, together with a corporate income tax (CIT) deduction for companies.
Upcoming incentives create space for tech-led projects
October 21, 2021 | 09:00
New regulations on special investment incentives have been unveiled to facilitate more high-tech funding in Vietnam, giving the country a new tool to lure quality foreign investment and retain investors for the long term.
Ministry proposes 30 percent decrease in 2021 corporate income tax
August 04, 2021 | 13:50
The Ministry of Finance (MoF) is proposing a 30 percent reduction in the corporate income tax which enterprises must pay in 2021 in a draft resolution on budget collection solutions which is to be submitted to the National Assembly’s Standing Committee for approval.
CIT bonus dangled to lure high-tech groups
June 23, 2021 | 09:00
Foreign-invested enterprises could be set to enjoy a relaxation in corporate income tax payments in Vietnam, if they pay enough attention to research and development as well as high technology.
Vietnam approves 30 pct corporate income tax reduction
October 02, 2020 | 15:07
The Government has decided to implement a 30 percent corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
VEPR urges tax policies for FDI to be revised to prevent tax avoidance and evasion
June 26, 2020 | 08:39
Vietnam needs to revise tax and land policies for foreign direct investment (FDI) companies to ensure a level playing field for businesses.
Smaller firms to land on tax cushion
June 09, 2020 | 08:00
Over 700,000 micro- and small-sized enterprises in Vietnam could receive a hefty reduction in corporate income tax payable this year, while more than one million individual taxpayers could be beneficiaries of personal income tax deductions.
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