Banking & Finance
Amended Law on Special Consumption Tax promulgated
Under the amended law, the tax rate for spirits (20% alcohol or higher) will rise from 65% in 2026 to 90% by 2031.
Banking & Finance
Draft decree regulating implementation of the Law on Corporate Income Tax submitted
The draft proposes to use total annual revenue as the primary criterion for determining eligibility for preferential tax rates of 15% and 17%.
Banking & Finance
New decree offers preferential import tariff policies for auto firms
The new decree aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models.
Amended Law on Special Consumption Tax promulgated
Under the amended law, the tax rate for spirits (20% alcohol or higher) will rise from 65% in 2026 to 90% by 2031.
Finance ministry proposes extension of 50% environmental tax cut on fuels
The extension expected to last through 2026.
Tax and fee reduction and breaks total $3.67 bln in H1
Of the total, valued added tax (VAT), corporate income tax, personal income tax, and land rental fee extension was estimated at over VND51.3 trillion ($1.95 billion).
Draft decree regulating implementation of the Law on Corporate Income Tax submitted
The draft proposes to use total annual revenue as the primary criterion for determining eligibility for preferential tax rates of 15% and 17%.
New decree offers preferential import tariff policies for auto firms
The new decree aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models.
Vietnam industrial rents soar 70%, but remain globally competitive
The average rental price in Hanoi is around $5.3/m2/month, and in Ho Chi Minh City, $4.9/m2/month.