Foreign suppliers have paid more than 7.36 trillion VND (312.8 million USD) worth of taxes through an electronic portal dedicated to them from March 21, 2022, according to the General Department of Taxation (GDT).

With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.

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.

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

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

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

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

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

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.

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.

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

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.

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.

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

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

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.

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.

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

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.

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