Tax management

Update news Tax management

Local e-commerce needs support to take on bigger foreign players

Policies are needed to support local e-commerce platforms and counter the might of cashed-up international e-commerce giants entering the Vietnamese e-commerce market, says chairman of Nextech, Nguyen Hoa Binh, who owned chodientu.vn.

 

Massage, hair cut and wash services to be taxed from August 1

From August 1, 2021, a 5 percent VAT and 2 percent PIT will be imposed on services such as saunas, massage, karaoke, discotheques, billiards, internet, games, tailoring, laundry, haircut and hairdressing, and other services.

Tax management needs realistic solutions

The 2020 white book on e-commerce released last month by the Department of e-Commerce and Digital Economy under the Ministry of Industry and Trade provides some legal updates relevant to e-commerce, the focus of which is the 2019 Tax Management Law

BUSINESS NEWS IN BRIEF 16/1

 2019 – year of breakthrough in development, Viet Nam learns from Germany’s experience in budget, tax management, Sacombank makes QR code strides, PV Power shares jump 4%, HVG posts $387,000 in profit for FY 2017-18          

Optimizing conditions for Vietnamese businesses to grow

Prime Minister Nguyen Xuan Phuc affirmed the government's resolve to create the best possible conditions for businesses to perform, saying this is one of the important contents of a new resolution on support and development of enterprises

BUSINESS IN BRIEF 17/1

 Da Nang attracts US$295 million in FDI; Forest product exports exceed US$5 billion in 2013; Vietnam – an attractive investment destination for foreign investors; Shrimp exports projected to rise; Vietcombank unveils online fees

President announces laws on tax, corruption

 VietNamNet Bridge – President Truong Tan Sang announced nine laws, three resolutions and one ordinance last Friday, Dec 14.