tax cut

Update news tax cut

The Ministry of Industry and Trade (MOIT) and Vietnam Confederation of Commerce and Industry (VCCI) have asked the government to reconsider imposing a luxury tax on gasoline.

Petrol prices continue to drop sharply following latest adjustments

Petrol prices fell further from 3pm on July 21 after the latest review conducted by the Ministry of Industry and Trade and the Ministry of Finance.

Tax cuts, fee reductions expected to go into effect soon

Although the price of petrol has fallen since July 11, several business associations and agencies proposed reductions in taxes and fees to support businesses because of unpredictability and fluctuations in gasoline prices.

Finance Ministry plans to extend enterprises’ tax payments

The tax payment extension, which is not expected to reduce state budget revenue, will help enterprises have capital for production and business.

Tax cut proposed to stabilise domestic petrol price

Calls have been made for tax cuts to stabilise domestic fuel prices as global oil prices see continual increases.

Land rent cut by 30 percent for those hit by pandemic

Prime Minister Pham Minh Chinh has decided to reduce land rent by 30 percent for those affected by the COVID-19 pandemic this year.

Vietnam posts State budget surplus in Jan-Jun amid Covid-19

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.

More than 70,000 businesses suspend operation in H1: report

As many as 70,200 businesses halted their operation for a definite time, stopped operation while following procedures for dissolution, and completed procedures for dissolution in the first half of the year.

Businesses go downhill, another bailout proposed

The Ministry of Planning and Investment (MPI) is considering asking the government to launch the second support package to help businesses stand firmly amid the Covid-19 pandemic.

Tax deadline should be delayed for businesses, said MoF

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.

Automotive market enters year-end sales

It is more than two months until the Lunar New Year, but now automakers have rushed to launch several promotional campaigns.

Amended regulations on cap on loan interest deductions cause concern

The new decree, according to experts, has yet to fully solve the inadequacies of the old regulation on the loan interest deductibility cap.

The last chance for Vietnam’s automobile industry

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.

Preferential registration tax expires by year end, people rush to buy cars

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.

Second economic stimulus package announced

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.

Taxation body missing out on taxes from sharing-economy businesses

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.

Manufacturers aim to make enough cars for Vietnamese market

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 

Cars in Vietnam 2-3 times more expensive than in other countries

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.

Surprising figures about private sector investment in Vietnam

Which enterprises - state-owned (SOE), state-invested, foreign-invested (FIE) or privately run - operate more effectively?

Tax cut welcome but not enough: businesses

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.