Improving cashless payment management
Boosting digital payments is opening up a layer of real-time transaction data, helping regulators track cash flows more transparently and close tax revenue gaps...
Budget revenue exceeds estimate by more than 10%
In the first 10 months of the year, total state budget revenue increased sharply, but the cumulative disbursement of public investment capital only reached about 52 per cent of the plan...
MoF adjusts time frame for determining taxable revenue for exported goods
The finalized draft specifies that the timing for determining corporate income tax revenue for exported goods is the day of ownership transfer according to the export contract.
Tax rate of 20% proposed for income from compensation of foreign contract
The Ministry of Finance has completed a draft circular providing detailed guidance on certain provisions of the Corporate Income Tax Law.
Tax Declaration Portal to be piloted in November
The portal allowing taxpayers to declare and pay taxes online, as well as directly submit issues or obstacles for relevant agencies to address promptly.
A roadmap for abolishing lump-sum tax proposed
Switching from lump-sum tax to declaration helps to create transparency and modernize tax management, but requires a clear roadmap and appropriate support to make it easy for business households to convert...
Tax administration to become more transparent and fair
The draft Law on Tax Administration (amended) is expected to drastically cut administrative procedures, shorten time, and ensure fairness in tax obligation enforcement...
Finance Ministry proposes cutting export tax on Gold Jewellery to 0%
The policy expected to help Vietnamese enterprises lower production costs and enhance global competitiveness.
E-commerce tax payments in 8M up 63%
Total tax revenue in the 8-month period reaching VND135 trillion ($5.09 billion).
E-commerce tax payments reach $2.85 billion in 5M
In the period, some158 foreign service providers paid taxes worth VND5.7 trillion ($217 million).
Tax authority plans to streamline 127 administrative procedures
Tax reform plays a critical role in fostering a favorable investment and business environment, while also supporting economic recovery and sustainable growth.
E-commerce platforms required to pay tax on behelf of sellers
The policy aiming to ensure tax fairness, prevent tax evasion, and simplify tax collection procedures.
Hanoi collects $393 in taxes from e-commerce
The city importing e-commerce data from over 366,000 e-commerce sellers.
E-commerce tax collection from domestic individuals and businesses reaches $392 million in 1H
383 e-commerce platforms providing information via the portal of the tax department.
No new tax policy needed for gold market: experts
At a livestreamed seminar on July 8, local experts noted that existing tax policies should be more effectively implemented for gold market management.
Agricultural land use tax exemption proposed to last through 2030
The policy expected to support farmers and promote agriculture.
Tax and land rent payment deadlines to be extended
The Ministry of Finance has finalized a draft decree on the deadline extension.
Vietnam's Ministry of Finance Proposes VAT Reduction to Bolster Economic Recovery
Amidst the enduring challenges of the Covid-19 pandemic, Vietnam's Ministry of Finance unveils proposals to alleviate economic strains through targeted VAT reductions. As businesses navigate the path to recovery, policymakers seek a delicate balance between stimulating economic growth and ensuring fiscal stability.
Vietnam Proposes Overhaul of Value Added Tax Law to Boost Revenue and Competitiveness
Government Pushes for Amendment to Value Added Tax Law, Adding 12 Taxable Goods
Over 191,000 online traders register with tax authorities
E-commerce market expected to reach $21.3 billion this year.