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).

OECD and Vietnam on March 22 signed the world’s most wide-reaching international treaty for multilateral tax cooperation, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC).

The Ministry of Finance (MOF) is collecting opinions on the draft for the Law on Corporate Income Tax (CIT), with an emphasis on tax incentives for multinationals.

Enterprises urge careful consideration to be given to the Ministry of Finance’s proposal to impose a special consumption tax on sugary drinks to ensure harmonisation of benefits between the State, consumers and producers.

The beverage sector has called for a delay in Vietnam’s proposed tax increase on alcohol as the industry is at risk from high inflation, increased material costs, and low demand.

The Vietnamese government is expeditiously offering the business community assistance in the form of tax relief schemes and other payment extensions.

Expanding the tax base and increasing environmental protection tax on non-biodegradable packaging materials would be considered with an aim to limit the use of these materials.

The purpose of delaying these payments is to help manage cash flows. However, businesses are still required to make full payments to the budget deficit.

The Ministry of Finance has proposed slapping higher excise tax on unhealthy products such as cigarettes, beers and alcoholic beverages, and adding sugary drinks to the list as well.

The Ministry of Finance has proposed to apply a special consumption tax on sugar-sweetened beverages to protect people's health following recommendations from the World Health Organisation.

The Ministry of Finance refused to lift the special consumption tax on gasoline at the second extraordinary meeting as the country fights climate change and commits to net zero emissions by 2050.