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Thursday, May 26, 2022
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value-added tax

MoF rejects proposed tax exemption and reduction for airlines

HCMC - The Ministry of Finance (MoF) has turned down a proposal on tax exemption and reduction for enterprises in the aviation industry, saying...

Firms failing to reduce VAT to face sanctions

HCMC – Enterprises which deliberately delay the reduction of the value added tax (VAT) from 10% to 8% will face heavy sanctions, according to...

Govt proposes cutting VAT from 10% to 8%

HCMC – The Government has proposed cutting value added tax (VAT) from the current 10% down to 8% for services and goods that are...

Apartment lessors earning below VND100 million not subject to VAT, PIT

HCMC – Apartment owners who have annual income of less than VND100 million each from leasing their properties will not be subject to value...

Covid-hit enterprises entitled to CIT cuts

HANOI – Businesses affected by the Covid-19 pandemic will enjoy corporate income tax (CIT) reductions. This is provided in Resolution No. 406 on relief policy...

Individuals, household businesses expected to be exempt from taxes in H2

HCMC – Business households and individuals operating in all sectors and areas are expected to be exempt from taxes in the second half of...

Resolution on tax cuts to be adopted before Oct 1

HANOI - The Standing Committee of the National Assembly (NA) has approved issuing a resolution on tax cuts for businesses and individuals affected by...

How much Vietnam can increase fiscal spending to cope with Covid-19(*)

Vietnam is grappling with an unprecedented crisis facing its economy, society and health care. Besides the necessity of tackling the most pressing issues of...

Can e-commerce platforms play taxmen?

Although the rule that e-commerce platforms must be responsible for declaration and payment of both value-added tax and personal income tax on behalf of...

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