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income tax

Proposed 20% tax on real estate profits sparks concerns

Proposed 20% tax on real estate profits sparks concerns

A proposal to impose a 20-per-cent tax on profits from real estate transfers could negative impacts on the housing market and overall accessibility for homebuyers.
Finance ministry considers 20 per cent tax rate on gain from property transfers

Finance ministry considers 20 per cent tax rate on gain from property transfers

As part of its review for personal income tax reforms, the proposal is outlined in the ministry’s recent report sent to the National Assembly, in which two methods for calculating tax on property transfers are under consideration.
Việt Nam defers over 3.9 billion in tax and land rent payments for 2025

Việt Nam defers over $3.9 billion in tax and land rent payments for 2025

Under Decree 82, businesses and household businesses are eligible for a deferral on value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent.
Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Foreign suppliers pay nearly VNĐ8.7 trillion in taxes this year

Foreign suppliers pay nearly VNĐ8.7 trillion in taxes this year

A total of 120 foreign suppliers have registered, declared and paid taxes worth more than VNĐ8.68 trillion (US$341 million) through the General Department of Taxation (GDT)’s e-portal this year, up by 26 per cent year-on-year and 74 per cent compared to the annual target.
Finance ministry proposes changes in new personal income tax law

Finance ministry proposes changes in new personal income tax law

The replacement law is set to be approved by the National Assembly at its 11th session in May 2026.
MoF proposes lower tax rate for micro and small enterprises

MoF proposes lower tax rate for micro and small enterprises

In supporting micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the tax rate to 15-17 per cent for those with a total revenue of no more than VND50 billion, instead...
MOF proposes exemption on corporate taxes on income from green bond interest and carbon credits

MOF proposes exemption on corporate taxes on income from green bond interest and carbon credits

The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax to encourage environmental protection and sustainable development
Corporate income tax on smaller enterprises might be cut to as little as 15%

Corporate income tax on smaller enterprises might be cut to as little as 15%

The corporate income tax on small and micro-sized enterprises might be cut to 15-17 per cent from a current common rate of 20 per cent, depending on previous revenues.
Việt Nam ramps up supervision on personal income tax

Việt Nam ramps up supervision on personal income tax

Vietnamese authorities are ramping up tax supervision on individuals who earn income from livestreaming sales on e-commerce and social media platforms to ensure they comply with tax regulations.
Proposal to amend personal income tax law set for October next year

Proposal to amend personal income tax law set for October next year

Minister of Finance Hồ Đức Phớc said that the ministry is currently conducting a review and assessment of tax laws, including the Personal Income Tax Law.
Enhanced income tax management on stock dividends

Enhanced income tax management on stock dividends

Management of personal income tax will be strengthened to ensure that individuals receiving stock dividends and payments in form of bonus shares fulfil their tax obligations.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Việt Nam will extend 2024 payment deadlines for VAT, corporate income tax, personal income tax and land rent, impacting nearly VNĐ84 trillion (US$3.3 billion) in total taxes.
Decree on corporate, personal income tax exemption in HCM City issued

Decree on corporate, personal income tax exemption in HCM City issued

The Government has issued a decree which provides special policy mechanisms for corporate and personal income tax exemption in HCM City.
NA approves global minimum tax regulations

NA approves global minimum tax regulations

It is estimated that about 113 MNEs in Việt Nam will be affected by the global minimum tax.