Indonesia pledges continued tax incentives for foreign investors
October 30, 2023 | 09:27
Indonesian Investment Minister Bahlil Lahadalia confirmed that his government will keep granting tax holidays to attract foreign investors so long as the global minimum tax (GMT) policy is not yet rendered, local media has reported.
Ministry of Finance recognises SABECO's outstanding budget contributions
October 22, 2023 | 17:18
Saigon Beer-Alcohol-Beverage Corporation has been honoured for its contribution to the budget during the pandemic peak in Vietnam.
Posco VST removed from customs priority list
October 17, 2023 | 16:44
Posco VST’s top-quality stainless steel cold-rolled products has had its customs priority suspended.
Global tax shift forces inevitable adjustment
October 12, 2023 | 11:00
Duong Hoang, partner and head of Tax at KPMG in Vietnam, offered VIR’s Luu Huong insights into this transformative phase, highlighting the synergies between Vietnam’s tax strategy and its quest to remain a magnet for foreign funding.
Real estate giants the focus of specialised audits
September 13, 2023 | 16:01
Real estate firms SonKim, Hai Phat Invest, Van Phuc, and Bitexco, are among 42 companies listed for specialised audits this year, according to the GDT.
Tax authorities to cut at least 20 per cent of compliance costs related to business activities
September 05, 2023 | 11:46
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.
Wood exporters pleading for VAT refund resolution
August 23, 2023 | 09:24
Central-run authorities have given drastic directions to speed up VAT refunds for numerous businesses, especially struggling wood exporters.
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.
Foreign tech giants contribute $166 million in taxes in H1
July 24, 2023 | 11:30
The General Department of Taxation (GDT) in Vietnam has reported that prominent foreign tech companies, including Google, Apple, Facebook, Netflix, TikTok, made substantial tax contributions, amounting to around $166 million during the first half of 2023.
Vietnam sets October for move towards global minimum tax adoption
July 13, 2023 | 16:18
The Vietnamese government is slated to table the proposed legislation regarding global minimum tax before the National Assembly in October.
Enterprises wary over “rushed” tax on sugary drinks
July 13, 2023 | 09:00
Vietnam is considering a special consumption tax in its battle against the escalating obesity crisis, but industry insiders urge prudence due to the possible detrimental consequences for the beverage sector and wider economy.
Changes to special consumption tax must be studied carefully
July 11, 2023 | 16:02
The impacts of the imposition or increases of special consumption tax on several products must be studied carefully to ensure State budget revenue and the development of production and business, experts said.
Vietnam seeks Belgian advice on global minimum tax policy
July 10, 2023 | 17:42
Vietnam is engaging with Belgian support to navigate the complexities of implementing the global minimum tax (GMT) amid strengthening economic ties.
European businesses face the storm of new tax regime
June 28, 2023 | 14:00
The application of the global minimum tax is getting nearer, creating a new challenge for multinational corporations.
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