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vietnam's tax policy
Update news vietnam's tax policy
Small, low-value items imported on e-commerce platforms should be taxed
The vast majority of those are being imported through e-commerce platforms, including some of the largest in the country such as Shopee, Lazada and TikTok, with combined value reaching billions of dollars monthly.
Still no VAT hike proposal to aid business development
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.
VAT overhaul to boost agriculture prospects
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.
Taxation policies key to combatting sugary drink consumption: experts
Taxation policies are hailed as effective measures in curbing the consumption and harmful effects of sugary drinks.
Experts propose tax exemption to promote repatriation of antiquities
Some experts have pointed out that the current taxation scheme is hindering the repatriation of antique items, and that a tax exemption will help solve the problem.
Foreign providers pay VND2 trillion in tax in two months
The General Department of Taxation has implemented a combination of solutions to prevent tax revenue loss in e-commerce sector.
Mixed tax regime not yet applied on beer and alcohol products
The Government has decided not to apply the mixed tax regime on beer and alcohol products.
Government urged to impose higher tax on land speculators
The National Assembly’s Standing Committee has requested the government to draw up a plan on taxing owners of many houses and land plots, as well as real estate speculators.
Good e-commerce tax management brings considerable revenue to budget
E-commerce has greatly boosted consumption in Vietnam lately, and the wise management of tax in this sector can bring back a large amount of budget revenue and ensure a healthy business environment for economic growth.
Credit institutions expect to enjoy 2 per cent VAT cut next year
The VNBA made the move last week as, under a draft policy on VAT reduction for the first six months of next year, the credit institutions do not...
VAT cuts of 2 per cent to be extended in Vietnam
The government has recently given the green light to the Ministry of Finance's proposal to extend the VAT cuts of 2 per cent into the first half of 2024.
Vietnam’s top 1,000 corporate income taxpayers announced
The General Department of Taxation has announced the list of top 1,000 corporate income taxpayers (V.1000) in Vietnam in 2022.
Ministry proposes environmental protection tax cut untill late 2024
The Ministry of Finance has recently proposed the current environmental tax cut on fuel be expanded until late 2024 in an attempt to stabilize fuel prices in the domestic market and manage inflation.
Fifty-eight foreign suppliers register to pay taxes in Vietnam
Up to 58 foreign service providers have paid taxes in Viet Nam via the portal https://etaxvn.gdt.gov.vn/nccnn/Reques, according to the General Department of Taxation.
Vendors forced out with tax tightening
Tightening tax collection rules in regards to online sellers will likely force out amateur vendors that cut corners to make quick money via e-commerce.
