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Update news tax procedures
Taxation department vows to remove troublesome tax procedures
VietNamNet Bridge – The General Department of Taxation (GDT) has said it would simplify several tax procedures that businesses complain are too complicated and time consuming.
Government lowers income tax for firms
VietNamNet Bridge – Viet Nam's Ministry of Finance has cut the general enterprise income tax rate to 22 per cent from 25 per cent from 2014 on and to 20 per cent by 2016.
Finance minister pledges to axe multiple tax procedures
VietNamNet Bridge – Minister of Finance Dinh Tien Dung has pledged a significant reduction of the time required for corporate tax declarations and payments, and an elimination of unnecessary procedures to support businesses
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Businesses complain about lengthy tax procedures
VietNamNet Bridge – Businesses have to spend 500 hours a year on tax procedures, while individuals need to have 24 signatures to get a personal income tax refund, according to the General Department of Taxation.
