Tax authorities to cut at least 20 per cent of compliance costs related to business activities

Tax authorities to cut at least 20 per cent of compliance costs related to business activities

The General Department of Taxation (GDT) has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of compliance costs related to business activities and eliminate unnecessary regulations by 2025.
Tax revenue up 4.4 per cent year-on-year in January

Tax revenue up 4.4 per cent year-on-year in January

Tax revenue in January was estimated at 165.7 trillion VND (7.06 billion USD), or 12.1 per cent of the ordinance estimate, up 4.4 per cent year-on-year, the General Department of Taxation reported on January 31.
New regulations on importing cars and motorcycles for non-commercial purposes

New regulations on importing cars and motorcycles for non-commercial purposes

The General Department of Taxation (GDT) recently requested tax departments in centrally-run cities and provinces to enhance tax administration for cars and motorcycles permitted to import or temporarily imported for non-commercial purposes.
Tax authorities double down on cross-border compliance

Tax authorities double down on cross-border compliance

A fresh tax scheme by the General Department of Taxation is focusing on overseas providers engaging in cross-border activities without a physical presence in the country, helping to alleviate their tax compliance puzzles in Vietnam.
Portal launched to track foreign suppliers on digital platforms

Portal launched to track foreign suppliers on digital platforms

The General Department of Taxation on March 21 held a conference to launch a portal for foreign suppliers and an electronic tax mobile app - Etax-Mobile.
Tax authorities ask for estate transactions through banks

Tax authorities ask for estate transactions through banks

All real estate transactions must be implemented through banks, the General Department of Taxation has proposed to the Ministry of Finance.
E-commerce platforms to be connected with tax agencies from next year

E-commerce platforms to be connected with tax agencies from next year

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.
Tax, customs policies under scrutiny

Tax, customs policies under scrutiny

Representatives of ministries, agencies, localities, business associations and enterprises gathered at a dialogue in Hanoi on November 24 to review the latest administrative and regulatory changes in taxation and customs.
Tax officials reduce inspections to help businesses amid COVID-19

Tax officials reduce inspections to help businesses amid COVID-19

After collecting US$11.6 million from violations since early 2020, the General Department of Taxation (GDT) said it would reduce regular tax checks at businesses to help them focus on production to overcome the COVID-19 pandemic.
Tax watchdog to enhance inspection this year

Tax watchdog to enhance inspection this year

The General Department of Taxation plans to inspect tax compliance at 19.5 per cent of businesses in 2020, the department’s Director Cao Anh Tuan said on Tuesday.
Taxing business households proves controversial

Taxing business households proves controversial

The General Department of Taxation’s plan of taxing business households with annual revenue from VND100 million (US$4,350) is causing controversy.