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Update news VAT
Law enforcement agencies are coping with difficulties in implementing a number of new regulations and laws with effect this year due to the absence of guidance documents.
VietNamNet Bridge – The Ministry of Culture, Sports and Tourism has proposed the Government halve value-added tax and exempt or cut corporate income tax by 50% for enterprises joining a planned tourism promotion program
Newly established enterprises and branches should give heed to matters concerning value added tax (VAT) calculation methods, when to apply the deduction method, and registration for voluntary application of tax deduction methods, etc.
VietNamNet Bridge – The Government has approved more international airports and seaports to open counters from on July 1 for value-added tax (VAT) refunds for the goods foreign visitors purchase in Vietnam
VietNamNet Bridge – Prime Minister Nguyen Tan Dung has approved more international airports and seaports to open counters for value-added tax (VAT) refunds for the goods foreign passport holders buy in Vietnam and bring along with them
HCM City refunds 1.4 mln USD of VAT for foreigners; VAMC announces interest rate for purchased bad debts; Imports of under-9-seat-cars soar; Toyota expands its recall campaign; Land rentals likely to rise
VietNamNet Bridge – Overseas Vietnamese, or Viet Kieu, who return home can enjoy tax exemptions for one car and one motorbike, but the automobile must have been used for at least six months with a minimum mileage of 10,000km,
The taxation bodies have requested coffee enterprises to reimburse the VAT refund and reduced the tax deductions of hundreds of billions of dong. Enterprises have claimed to be innocent, vowing to fight to the last breath.
VietNamNet Bridge – A lot of newly set up businesses never exist in reality, but only exist on paper just to help the owners appropriate the VAT refund.
Footwear exports aim for US$8 billion; ÆON Japan invests in Vietnam; Businesses suggest tax, customs overhaul; FDI up 65.5% in 10 months; Hanoi to host 28th Asian Advertising Congress
VietNamNet Bridge – Deputy general director of the Department of Taxation Cao Anh Tuan told Kinh te Dau tu (Economics and Investment) newspaper the Government is going to tighten control of bill printing by companies.
VietNamNet Bridge – Coffee and sugar producers have proposed to remove the VAT to help reduce troubles with enterprises and clear the tax frauds.
VietNamNet Bridge – The delay in refunding VAT to enterprises has pushed a lot of them to death.
VietNamNet Bridge – Viet Nam's State budget deficit was estimated to hit VND92.39 trillion in the first half of this year, equal to 57 per cent of the annual plan set by the National Assembly,
VietNamNet Bridge – National Assembly deputies yesterday discussed the draft Anti-terrorism Law, debating international co-operation in this area and measures such as the establishment and operation of the steering committees of anti-terrorism.
The unhealthy competition has exterminated the creativeness of enterprises and discouraged them to spend money to develop software products.
VietNamNet Bridge – The National Financial Supervision Committee has forecast that Vietnam’s inflation rate in 2013 will be controlled at less than 7 percent.
VietNamNet Bridge - Reasoning economic difficulty, the National Assembly on March 18 agreed not to reduce the number of groups of goods that are entitled to the value added tax rate (VAT) of 0% and 5%.