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MoF rejects proposed tax exemption and reduction for airlines

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

Firms failing to reduce VAT to face sanctions

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

Govt proposes cutting VAT from 10% to 8%

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

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

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

Covid-hit enterprises entitled to CIT cuts

Minh Tuan -
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...
News

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

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

Resolution on tax cuts to be adopted before Oct 1

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

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

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

Can e-commerce platforms play taxmen?

Hong Ngan -
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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