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Update news vietnam's tax policy
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.
Vietnam's real estate market faces tough questions as experts discuss the potential effects of a proposed property tax on second homes.
Many cultural experts believe that raising VAT (value added tax) on cultural products is not a wise decision right now as this is not in line with the general trend.
Under the proposal, the Government plans to clear up rules on foreign businesses which have argued that they do not have a fixed base in Vietnam.
HCM City voters have proposed raising family allowances, or deductions for family circumstance, which have remained unchanged for more than 10 years, but the Ministry of Finance (MOF) says it cannot be done right now.
The Vietnam Digital Communications Association (VDCA) has raised concerns over a proposed 10% VAT on exported digital services, highlighting potential setbacks for the industry.
The Ministry of Finance has said it is not the right time to adjust the family tax deduction rate, reasoning that the Consumer Price Index has not fluctuated significantly.
A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over 18 trillion VND (711.88 million USD) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).
Taxpayers have called on taxation bodies to listen to their legitimate needs and deploy an automatic tax refund policy.
Faced with alarming rates of obesity and related diseases, health experts in Vietnam urge the implementation of an excise tax on sugary drinks, aligning with global health recommendations.
Vietnam’s Tax Authority has confirmed that Temu’s operator has completed tax registration, initiating quarterly revenue declarations to ensure full compliance.
The Ministry proposes taxing additional properties and unused land to stabilize the real estate market and discourage speculative buying.
Taxpayers are encouraged to submit their documents online via the official software and websites of the General Department of Taxation.
Vietnam’s General Department of Taxation reported a 38% growth in e-commerce tax revenue, thanks to improved monitoring and data analysis.