vat

Conclusion nears for VAT fertiliser issue

September 11, 2024 | 11:14

Lawmakers have assessed that if fertilisers were included in the VAT tax group at a rate of 5 per cent, it could create a fairer market but would certainly increase product prices.

Proposed VAT rule pros and cons for digital products

August 28, 2024 | 11:40

In alignment with the current 10-year socioeconomic development strategy in Vietnam, the draft amended VAT law is currently being developed by the Ministry of Finance, which is seeking input from businesses and business associations to finalise the draft in the near future.

Feedback welcomed for upcoming tax law changes

July 18, 2024 | 12:22

Next year and the following year, there are important amended tax laws coming into effect on the VAT, corporate income tax (CIT) and special sales tax (SST), which are of concern to the businesses and those affected.

Lawmakers study VAT implications

July 05, 2024 | 10:53

Some have argued that the National Assembly should increase the existing common VAT rate to swell the state budget, but many enterprises are suffering from lingering difficulties

State budget balance needed following VAT decision

July 05, 2024 | 10:49

Businesses in Vietnam will continue to enjoy an 8 per cent VAT rate until the year’s end following an extension to the rate cut, which will cause a decrease in state budget revenues.

Businesses anticipate green light for fertiliser VAT switch

June 17, 2024 | 13:30

Domestic fertiliser producers will have opportunities to capture market share if the proposal to apply a new VAT rate on fertiliser is approved.

Appying VAT on fertiliser for sustainable development

June 14, 2024 | 15:00

Applying VAT at 5 per cent on fertiliser will benefit various parties and contribute to the sustainable development of the industry.

VAT cut continuation expected to ease woes

June 11, 2024 | 14:53

The business community is set to benefit from a continued VAT reduction as part of the country’s major efforts to assist enterprises currently facing massive difficulties.

Still no VAT hike proposal to aid business development

April 26, 2024 | 21:47

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.

Current VAT rate may remain for foreseeable future

April 24, 2024 | 11:02

The government is to ask the National Assembly to continue with its current VAT rate of 8 per cent until the year’s end as part of the country’s efforts to assist enterprises currently facing operating obstacles.

VAT overhaul to boost agriculture prospects

April 24, 2024 | 10:53

Vietnam is set to revise its existing Law on Value-Added Tax with a reclassification of products in areas like agriculture and fisheries, with the hopes of making them more favourable in performance.

Rise in consumption likely with VAT accord

December 08, 2023 | 11:00

The National Assembly has extended the current VAT rate until the middle of next year as part of the country’s efforts to assist its enterprises and stimulate consumption.

Clarity sought on VAT reduction proposals

November 23, 2023 | 10:23

The proposal to reduce VAT by 2 per cent has received conflicting responses.

Intra-group restructuring transactions and their potential tax implications in Vietnam

October 05, 2023 | 11:06

Tax director Lac Boi Tho and tax assistant manager Dinh Thi Phuong Hien from Grant Thornton Vietnam discuss the tax implications of intra-group restructuring.