Businesses craving tax refund
August 28, 2023 | 11:34
Enterprises are struggling with their tax rebates long overdue.
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.
Tax authority returns nearly $3 billion in VAT
August 08, 2023 | 13:35
In the first seven months of 2023, Vietnam's tax authority has refunded $2.93 billion in VAT to businesses.
Cambodia imposes VAT on cigarettes
August 03, 2023 | 15:05
The Cambodian Government has implemented a value-added tax (VAT) on cigarettes to combat the health risks associated with smoking and tobacco products.
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.
Guidance necessary for the new VAT plan
July 04, 2023 | 10:05
Businesses are expecting another VAT reduction of 2 per cent from this month, along with clear guidance documents to ensure favourable implementation.
VAT refund delays tick off woodchip makers
June 15, 2023 | 13:00
A number of woodchip exporters in Vietnam are rejecting orders as they are waiting for more than $170 million in pending VAT refunds.
Leaders question validity of short-term VAT fix to support business community
June 12, 2023 | 12:38
With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.
Support to continue in form of VAT cut
May 31, 2023 | 14:31
Many types of goods and services currently subject to a 10 per cent VAT rate are to continue being eligible for a 2 per cent reduction in this type of tax, which is scheduled to get the official thumbs-up from the legislature in late June.
Businesses and households hold onto VAT cutback hopes
May 16, 2023 | 15:00
A proposal on the reduction of VAT was submitted to the National Assembly on May 5 by Minister of Finance Ho Duc Phoc, amid plenty of challenges and risks for the economy.
VAT reduction should be maintained in 2023: VCCI
November 25, 2022 | 15:03
The Vietnam Chamber of Commerce and Industry has said that a 2 per cent decrease in VAT should be sustained through next year.
VAT refund delays cause fear of bad debt for wood groups
November 17, 2022 | 16:00
As VAT refunds represent a crucial part of the cash flow of timber processors, the current delay is throwing a wrench in the operations of woodchip, furniture, and other timber-based producers, leading related associations to call for easier regulations.
Logistics companies wait on next fuel prices tweaks
July 28, 2022 | 11:00
With the hope of balancing the selling price of fuel, this month the government has asked the Ministry of Finance (MoF) to build plans to reduce VAT and excise tax for gas, to submit to the National Assembly for approval in October or November.
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.
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