Latest News about tax cut
Vietnam posted a State budget surplus in the first half of 2021 as revenue outpaced spending despite Covid-19 raging in many parts of the nation, according to the Ministry of Finance.
Businesses may have several additional months before they have to pay income tax and land use fees, said a proposal by the Ministry of Finance (MoF) to the Government.
It is more than two months until the Lunar New Year, but now automakers have rushed to launch several promotional campaigns.
The new decree, according to experts, has yet to fully solve the inadequacies of the old regulation on the loan interest deductibility cap.
The Ministry of Planning and Investment (MPI) is compiling a plan to develop the automobile industry in the post-Covid-19 period with many new solutions.
The car market has recovered recently, though sales are not as good as the same period last year. The demand for both new and used cars is increasing, and the prices are escalating.
The Ministry of Planning and Investment has announced the second economic simulation package which will be used to spur the recovery of the aviation and tourism sectors.
Businesses following the sharing economy model are facing problems in tax declaration. Because of the lack of regulations, the taxation body may be taxing inaccurately or missing taxpayers.
The Ministry of Planning and Investment (MPI) is drafting a plan on solutions to take full advantage of the opportunities to be brought by the investment relocation wave after Covid-19 to develop supporting industries
For many people, the news that automobile manufacturers have paid high amounts of tax to the state in the context of slow auto sales indicates that cars are being sold at sky-high prices in Vietnam.
Which enterprises - state-owned (SOE), state-invested, foreign-invested (FIE) or privately run - operate more effectively?
The Government's 30% corporate income tax cut was a step in the right direction but it could have been more inclusive by offering support to small businesses that were in desperate need of cash due to the difficulties caused by the COVID-19 pandemic.
Prime Minister Nguyen Xuan Phuc has requested MPI to build a scenario for economic recovery after Covid-19.
If the government agrees to slash taxes and fees for domestically assembled cars, this will be a ‘doping dose’ for domestic automobile manufacturers and consumers.
The Ministry of Labour, Invalid and Social Affairs has proposed the Government issue a 20 trillion VND (843 million USD) bailout package to soften the economic impact of the COVID-19 pandemic.
Vietnamese farmers, who incurred big losses because of African Swine Fever (ASF), may see the situation become even worse because of the import tariff cut.
Experts believe that in the immediate time, Laos and Cambodia will not be rivals on the same par with Vietnam.