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Update news tax policy
With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community.
These policies not only introduce new tax treatments such as e-commerce transactions, re-auditing or the application of penalties, but also introduce new regulations of tax compliance and audit management.
The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions.
Under a new decree, used auto imports will have no way to enter Vietnam because of high tariffs and strict requirements on maintenance services, creating a golden opportunity for domestic automobile manufacturers.
HoREA has sent a dispatch to central agencies, proposing to amend articles of the 2013 Land Law. It believes that foreigners buying houses in Vietnam need to be recognized as land users (for no more than 50 years).
VietNamNet Bridge - Not only trading companies but authorized car distributors as well have been found playing tricks to evade tax.
Once considered a front-runner, Wisconsin Governor Scott Walker has decided to end his campaign for US president amid dwindling contributions and plummeting poll numbers.
The Ministry of Finance (MOF) has decided to change the method of calculating a luxury tax on car imports, striving to support the development of the domestic automobile industry and increase state budget revenue from tax collection.
The Ministry of Industry and Trade (MOIT) has reaffirmed Vietnam’s strong determination to develop its automobile industry and its policy on supporting automobile manufacturers. However, investment incentives will be given only to large projects.
VietNamNet Bridge - The amount of money Vietnamese spent in the first four months of the year to import cars, from budget models to luxury vehicles, increased sharply.
Many years ago, Vinaxuki made its way in the world, greeted with applause from state management agencies, which vowed to develop a Vietnamese automobile industry.
VietNamNet Bridge - Automobile enterprises still cannot decide which business path to follow, either to continue assembling cars in Vietnam or importing cars for domestic sale.
VietNamNet Bridge - As some South Asian markets have seen considerable decline, foreign investors are heading for other ASEAN markets, including Vietnam and the Philippines.
NA discusses high-school curricula reform; Legislators debate draft bill on State capital management and use; Vietnam, Cuba holds second Party theory seminar;
The government has encouraged enterprises to source local materials in manufacturing, but because of unreasonable tax policies it is cheaper to buy imported materials to make finished products in Vietnam.
E&Y upbeats about VN’s economic prospect; Businesses, State urged to cooperate when joining TPP; Viet Nam's livestock industry overly dependent on imported animal feed; Vietnamese pharmaceuticals eye Cambodian market
VietNamNet Bridge – Deputy PM Nguyen Xuan Phuc on Friday presented a report to update socio-economic performance in the first five months of 2013 at the ongoing 5th session of the 13th National Assembly.
Steel imports top US$2 billion; Second commodity exchange opens; Import tax on used cars to increase; Power assured during dry season; Masan eyes 30-70% profit growth
Fish breeding may disappear from Hanoi village; Ministry proposes minimum wage increase delay; Rental property market challenged by recession; Financial restructuring fails to show results
Steel consumption increase ‘shortlived'; Building material businesses on verge of bankruptcy; US$200 million shopping centre to take shape in Hanoi; Footwear businesses receive orders until Q3