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Update news vietnam's tax policy
With new tax rules taking effect in 2025, individuals and businesses with significant overdue debts may face restricted mobility until they fulfill their obligations.
Exit bans for overdue tax debts in Vietnam may soon apply only to cases exceeding VND50 million ($2,000), following adjustments by the Ministry of Finance.
Investors in the film industry are not pleased about the decision to raise the VAT rate on culture and art products from 5 percent to 10 percent, saying that the tax rate will hinder the development of the industry.
Businesses at a tax and customs dialogue detailed persistent issues costing them billions, with authorities responding with commitments to improve.
The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.
The Ministry of Finance is evaluating tax policies for unused and multiple properties, aiming to curb speculation and promote efficient real estate use.
E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.
The Ministry of Finance (MOF) has proposed exempting tax on income gained from transfer of emission reduction certificates, carbon credits, and interest from green bonds.
The replacement law is set to be approved by the National Assembly at its 11th session in May 2026.
Vietnam's personal income tax exemption threshold of 11 million VND ($458.3) is under review. How does it stack up against regional counterparts like China, Thailand, and Malaysia?
From January 1, 2026, individuals and household businesses earning under VNĐ200 million annually will be exempt from VAT.
While saying that the luxury tax rate on tobacco must be raised, experts have suggested setting up a tax increase roadmap so that the market surveillance team has enough time to cope with smuggling.
Vietnam’s real estate sector faces significant reforms as the National Assembly pushes for higher taxes on underused and multiple properties, aiming to boost efficiency and revenue.
Vietnam’s proposed amendments to the Special Consumption Tax Law outline significant increases for tobacco and alcohol taxes, aiming to meet WHO recommendations.
A contentious debate has arisen over whether Vietnam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.
Car sales have soared in the last few months thanks to a 50 percent cut in the vehicle registration tax. Sales are expected to peak in November.
The Ministry of Finance (MoF) has proposed Việt Nam’s value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.
Vietnam’s e-Tax Portal for foreign suppliers has proven its effectiveness, enabling 110 international entities to declare and pay over VND 6.234 trillion ($260 million) in taxes this year.
The proposed amendment would require platforms like Facebook, Apple and Netflix, which generate revenues in Việt Nam, to register and pay taxes directly or through authorised representatives starting January 1, 2025.
The proposed hike in Vietnam’s Special Consumption Tax on beer to 100% by 2030 has raised concerns about its potential impact on the economy, labor market, and foreign investment.