Nation urged to prepare for tax overhaul
May 16, 2022 | 08:58
Tax incentives have always been a key factor in attracting foreign direct investment into Vietnam. However, concerns are arising as a global minimum tax agreement threatens to shake up the entire system and, therefore, foreign funding prospects.
Vietnam will raise special consumption tax on cigarettes, beer, and spirits
May 10, 2022 | 16:37
Cigarettes, beer, and spirits in Vietnam will be subject to an increased special consumption tax (SCT)
Businesses seek stable tax policies for sustainable recovery in new normal
May 09, 2022 | 11:56
Beverage businesses are calling for no tax increase to support them in the recovery path ahead, thus enabling them to develop more sustainably and contribute more to socioeconomic development.
Tax system reform strategy to 2030 approved
May 09, 2022 | 07:02
Deputy Prime Minister Le Minh Khai has approved reforms to the tax system.
Nations strive to unite on tax collection
May 05, 2022 | 18:00
Vietnam is being urged to stay current on the changing tax landscape and keep an eye on the broader global picture as the world continues to debate a far-reaching minimum corporate tax rate.
VIB posts pre-tax profit of nearly $100 million in Q1
April 27, 2022 | 11:36
Vietnam International Bank (VIB) has announced its pre-tax profit of nearly $100 billion in the first quarter, up 26 per cent on-year.
Tax authorities double down on cross-border compliance
April 19, 2022 | 09:00
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.
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.
MoF ponders plan to limit speculation
March 24, 2022 | 11:24
Concerns are being raised about the proposal to increase taxation imposed on real estate transactions and leasing and whether it could be an effective tool to prevent real estate speculation.
Vietnam collects $217 million in tax from cross-border business and foreign tech giants
March 17, 2022 | 14:56
Minister of Finance Ho Duc Phoc said that the ministry has been proactive in collecting the tax revenue associated with cross-border e-commerce and tech giants.
No policy for draft law on property tax
March 15, 2022 | 11:37
The Ministry of Finance made an announcement on March 14 stating that there is currently no policy in place to prepare a draft law on real estate taxation.
Ministry proposes cutting 50 percent of environmental tax on petrol
March 11, 2022 | 14:01
The Ministry of Finance said it has completed the National Assembly Standing Committee’s draft Resolution on the adjustment of environmental protection tax rates for gasoline, oil, and grease, which is set to become effective from April 1 to the end of December 31 this year.
Vietnam to import additional petroleum and adjust tax
February 28, 2022 | 11:35
Increasing petroleum imports and raising related taxes is deemed an effective solution to offset the shortfall in domestic output.
Taxation and credit restrictions to combat real estate speculation
February 10, 2022 | 08:12
More initiatives from the government to develop the real estate industry, particularly taxation and credit limitation, are believed to lay a foundation for curbing land speculation, maximising residential properties and creating a set of diversified finan
Strategies to best avail of supportive policies
January 27, 2022 | 10:00
In order to support enterprises against the impacts of the pandemic, the Vietnamese government and ministries have issued many supportive policies and tax incentives for enterprises and employees on declaration and payment of corporate income tax (CIT), VAT, and land rent, as well as rules on a 30-per-cent tax reduction for small- and medium-sized enterprises with revenues of less than VND200 million ($8,700).
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