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Update news vietnam's tax policy
Vietnam’s corporate income tax rate of 20 per cent is higher than in Singapore (17 per cent) and Brunei (18.5 per cent).
With the total accumulated losses of foreign-invested enterprises surpassing 908 trillion VND, Vietnamese authorities are ramping up efforts to investigate tax practices and ensure greater financial accountability.
Prime Minister Pham Minh Chinh has directed the Ministry of Finance to develop policies to limit real estate speculation and improve oversight of construction projects.
While Vietnam’s e-commerce sector continues to expand, tax collection remains a challenge. Authorities are now pushing for stricter tax compliance measures, requiring platforms like Shopee and Lazada to report seller information and withhold taxes.
The family deduction threshold for personal income tax in Vietnam may be adjusted during the October 2025 National Assembly session if the Consumer Price Index (CPI) increases significantly.
La Vie, Vietnam's leading bottled water company, faces a $2.8 million tax bill after authorities discovered miscalculations in taxes and fees from 2016 to 2020.
The Ministry of Finance (MOF) continues to research and identify problems and inadequacies in the implementation of tax policies related to real estate.
The General Department of Taxation has named key foreign platforms operating in Vietnam without fulfilling tax obligations, including Agoda, Airbnb, PayPal, and Booking.com.
These four digital e-commerce platforms have operated in Việt Nam for years but have failed to register for tax purposes via the tax authority’s electronic portal.
The GDT reported that, to date, 120 foreign suppliers have registered, declared, and paid taxes via a portal dedicated to them, with a total amount of nearly 8.7 trillion VND (342.7 million USD) in 2024.
Vietnam’s tax authorities have fined 30,000 online sellers a total of $50.7 million after auditing their e-commerce activities for tax compliance.
From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under 1 million VND ($40) sent via express delivery, under a new government directive.
The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped below the 50.0 no-change mark for the first time in three months during December 2024, to be at 49.8 from 50.8 in November.
Vietnam’s tax authorities warn online sellers against evasion schemes like the “cicada shedding its skin,” emphasizing the risks of fines and revenue loss.
The Vietnamese government has issued a decree extending the VAT reduction for eligible goods and services to 8%, effective from January 1, 2025, through June 30, 2025.
The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas.
The National Assembly (NA) Standing Committee has issued a resolution on Vietnam’s environmental protection tax rates for petrol, oil, and lubricants in 2025, keeping in effect a tax cut introduced to support the economy post pandemic.
A total of 120 foreign suppliers have registered, declared, and paid taxes worth more than 8.68 trillion VND (341 million USD) through the General Department of Taxation (GDT)’s e-portal this year.
Amid a booming e-commerce market, tax authorities in Ho Chi Minh City have reviewed 35 livestream sellers, including celebrities, collecting significant sums, with one beauty queen paying $192,000 in taxes.
With new tax rules taking effect in 2025, individuals and businesses with significant overdue debts may face restricted mobility until they fulfill their obligations.