Tax reform to boost fairness and growth

Tax reform to boost fairness and growth

The Ministry of Finance is proposing a major overhaul of personal income tax, aiming to reduce complexity, ease compliance, and encourage economic growth.
Lowly paid workers to escape PIT

Lowly paid workers to escape PIT

The latest proposal to revise the Personal Income Tax law has just been submitted to the National Assembly, with taxpayers with an income of VND9 million per month will no longer have to pay tax.
Less taxing time on horizon

Less taxing time on horizon

Taxpayers are in for a lift thanks to big changes in the taxable income threshold and taxable income deductions.
Lowdown on tax for expatriates

Lowdown on tax for expatriates

“Vietnam is a great destination for expatriates, provided the intricacies of the tax and regulatory system are properly navigated”
CIT Law means steep learning curve for firms

CIT Law means steep learning curve for firms

After an exhaustive period of corporate income tax finalisation due to many changes in tax laws, Official Letter 7250/BTC-TCT, issued on June 7, 2010, has seen more enterprises make adjustments to their tax returns, writes Nguyen Thi Hong Nhung, a manager of Ernst & Young Vietnam.