Starting in 2025, Vietnam will reduce import tariffs on luxury cars from Europe, the US, and Japan. Will this lead to lower prices for high-end vehicles, and how will it impact the local market?

The Ministry of Finance (MoF) is seeking public feedback on a draft decree proposing an extension for the payment deadlines of value-added tax (VAT), corporate income tax, personal income tax and land rents in 2025.

The Ministry of Finance has proposed maintaining the personal income tax (PIT) exemption on interest earned from savings deposits in its draft proposal for a revised Personal Income Tax Law.

To support businesses and individuals, the Ministry of Finance is proposing an extension on VAT, corporate and personal income tax, and land rent payments, totaling nearly VND 102 trillion.

The proposal to impose personal income tax on savings interest could drive deposits out of banks, potentially destabilizing the financial system.

The VCCI has called on the Ministry of Finance to push back the e-commerce tax collection deadline, citing the need for businesses to adjust their systems.

The Ministry of Justice (MOJ), when contributing its idea to the draft law on personal income tax (PIT), warned that taxing real estate based on ownership duration is not feasible due to the lack of synchronized tax and land management systems.

The Ministry of Finance has proposed extending the full exemption of registration fees for battery-electric vehicles by another two years, pushing the deadline to February 28, 2027.

A major city in Vietnam has proposed imposing personal income tax on interest earned from savings deposits. As countries like Thailand, South Korea, and China already tax bank interest, the question arises: Should Vietnam follow suit?

Vietnam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.

The integration of AI in electronic invoice monitoring has enabled Vietnam's tax authorities to identify fraudulent activities, leading to the recovery of over $191 million in unpaid taxes from 501 companies.

In a bid to regulate the real estate market, the Ministry of Finance is studying a new tax structure that would impose higher rates on short-term property transactions and lower rates for long-term holdings.

Economists and industry experts said a balanced approach is required in implementing the changes to Vietnam's special consumption tax law, which will see tax double for alcoholic beverages from 2026 to 2030.

The General Department of Taxation is partnering with e-commerce platforms and related agencies to build an extensive database to monitor e-commerce tax compliance.

The proposal to apply a 10% excise tax on sugary beverages faces opposition from the beverage industry, which argues that the tax unfairly targets their products.

Vietnamese law currently has no specific regulations on registering sellers on streaming platforms.

Because it takes taxpayers too much time to fulfill administrative procedures, some people say they would prefer to lose money than spend time on the procedures to get their refunds.

The General Department of Taxation has mandated a nationwide review of all livestream sellers on platforms such as YouTube, Facebook, and TikTok, as part of an intensified effort to regulate e-commerce and prevent tax evasion.

The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections.