vietnam tax policy

Update news vietnam tax policy

VN proposes 70% tax penalty cuts, travel ban relief for identity theft victims

Vietnam's Ministry of Finance has proposed cutting tax filing penalties by up to 70% and temporarily withholding exit bans on people whose identities were stolen to register businesses without their consent.

Vietnam proposes late-payment penalty relief for over 2.5 million taxpayers

Vietnam's Ministry of Finance has proposed writing off business license fee debts and waiving late-payment penalties for more than 2.5 million inactive taxpayers, provided they meet certain conditions.