New tax calculation on real estate transaction proposed
The MoC stated that this new tax calculation will help deter speculation and prevent excessive price inflation in the real estate market.
Some 37,000 businesses switched to revenue-based tax
These businesses will switch to issuing electronic invoices generated from cash registers connected to the tax authorities' database.
VECOM proposes minimizing costs for e-commerce platforms
The Vietnam E-commerce Association (VECOM) has said that the operation of e-commerce platforms remains quite difficult and requires major investment and high operating costs, with most posting losses. It therefore proposed to the General Department of Taxation and State management agencies that cost and compliance burdens be minimized and conditions created for the development of e-commerce platforms.
Tax sector increasing revenue by promoting digital services
The General Department of Taxation has said that the tax sector has promoted the development of digital tax services for taxpayers and seen impressive results. The number of enterprises registering with tax authorities to use digital tax services this year as of September 15 was 861,710, or 99 per cent. Businesses paid taxes through more than 2.75 million digital transactions totaling over VND585.6 trillion ($24.36 billion) and nearly $49 million.
Centers issuing electronic tax invoices launched
On October 25, the General Department of Taxation opened the first phase of a network of Electronic Invoice Operation Centers at the Department and six localities’ Departments of Taxation. These six cities and provinces account for 60 per cent of businesses and 70 per cent of tax invoices in the country.