vietnam's tax policies

Update news vietnam's tax policies

Goods prices escalate, personal income-tax burdens workers

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.

NA deputies call for extended VAT cuts

The time frame should be extended to 2024 to give the economy more time to absorb the fiscal stimulus

PM urges VAT refunds for businesses

Prime Minister Pham Minh Chinh has ordered the Ministry of Finance (MOF) to streamline value added tax refund procedures to aid enterprises and residents.

NA's Finance and Budget Committee supports slashing VAT

The ministry suggested that the policy, expected to boost the economy, should be applied until December 31.

Businesses applaud Government’s tax payment deadline extension

Businesses applauded the Government’s decree on tax payment deadline extension which helps them to have capital for maintaining production and ensuring workers’ benefits.

Heated debate on VAT cut bill

State Budget would lose VND35 trillion (US$1.5 billion) in the last six months of 2023 should the bill pass in the NA.

Finance Ministry again proposes special consumption tax on soft drinks

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.

VAT reduction for securities, real estate sectors proposed

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.

Personal income tax exemption proposed to attract scientists, specialists

Experts believe that exempting or reducing personal income tax (PIT) will help attract specialists and scientists to work for hi-tech zones.

Lawmakers to consider Government’s VAT cut proposal in May

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.

VCCI repeats proposal on removal of excise tax on gasoline

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.

VAT to be slashed from 10% to 8%

The government has agreed in principle to reduce the value added tax (VAT) by 2% to 8%.

Dealing with the global minimum tax: difficult question for Vietnam

A 15 percent global minimum corporate income tax (CIT) will put Vietnam in a difficult position.

Gov’t extends tax payment deadlines further

The Government, for the fifth time, has decided to extend the payment deadline for enterprises to pay value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent amounting to over VND112 trillion.

Global minimum tax impact on Vietnam requires thorough assessment

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.

Finance Ministry proposes VAT reduction to 8% to boost economy

Businesses have been long asking for additional support from the government to help speed up economic recovery and to cope with recent difficulties.

VAT of 0% proposed on digital content for foreign markets

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.

Finance Ministry proposes changes to preferential tax policies

A number of changes has been proposed to Vietnam's preferential tax policies by the Ministry of Finance (MoF).

Vietnam joins Multilateral Convention to tackle tax evasion and avoidance

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).

Vietnam amends CIT law, fills in tax loopholes for multinationals

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.