Update news vietnam's tax policies
Experts have called on to immediately amend the personal income tax (PIT) law which is no longer suited to new circumstances with goods prices increasing sharply.
The ministry suggested that the policy, expected to boost the economy, should be applied until December 31.
Businesses applauded the Government’s decree on tax payment deadline extension which helps them to have capital for maintaining production and ensuring workers’ benefits.
The Ministry of Finance (MoF) has again proposed that a special consumption tax be imposed on sugary drinks, excluding milk and nutritional drinks, in the latest draft amended Law on Special Consumption Tax.
National Assembly Chair Vuong Dinh Hue has requested consideration of a suggestion to add banking, securities and real estate businesses to the list of business fields subject to a reduction of the value-added tax (VAT) from 10 percent to 8 percent.
Experts believe that exempting or reducing personal income tax (PIT) will help attract specialists and scientists to work for hi-tech zones.
The government is drafting a National Assembly resolution on slashing the value added tax to 8% from the current 10% to support businesses and people.
The Vietnam Chamber of Commerce and Industry (VCCI) has made a renewed call for the Ministry of Finance (MoF) to eliminate the special consumption tax (excise tax) on gasoline.
A 15 percent global minimum corporate income tax (CIT) will put Vietnam in a difficult position.
The Government has requested the Ministry of Finance to evaluate the impact of a global minimum effective corporate tax on the nation’s budget revenue and foreign investment attraction, and on foreign investors.
Businesses have been long asking for additional support from the government to help speed up economic recovery and to cope with recent difficulties.
The Vietnam Digital Content Creation Alliance (DCCA) has proposed a zero-percent VAT on digital content produced to serve foreign markets and viewers, applied to both individuals and businesses.
A number of changes has been proposed to Vietnam's preferential tax policies by the Ministry of Finance (MoF).
OECD and Vietnam on March 22 signed the world’s most wide-reaching international treaty for multilateral tax cooperation, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC).
The Ministry of Finance (MOF) is collecting opinions on the draft for the Law on Corporate Income Tax (CIT), with an emphasis on tax incentives for multinationals.