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tax collection

Mobile World expected to benefit from online business tax collection

Mobile World expected to benefit from online business tax collection

Fair competition will be re-established as all businesses are held to the same tax standards.
Online sales tax collection over 22 million in 2023

Online sales tax collection over $22 million in 2023

With the ability to grow 35 per cent per year, the market size is expected to reach $21.3 billion this year and $57 billion by 2025.
Tax target met early this year

Tax target met early this year

The General Department of Taxation reported this year''s tax revenue at VNĐ1,396 quadrillion (US$57 trillion), exceeding the target by 1.7 per cent as 29 out of 63 localities across the country have completed their 2023 tax estimates.
E-invoices generated from cash registers conducive to tax collection

E-invoices generated from cash registers conducive to tax collection

Between late 2022 and July 17, 2023, more than 27,400 companies and individuals were registering as ECR issuers, with around 13.9 million e-invoices being issued.
E-commerce tax collection still modest

E-commerce tax collection still "modest"

The Ministry of Finance reported that revenue from e-commerce activities through organisations in Viet Nam declared and paid on behalf of contractor tax since 2018 has reached nearly VND5.6 trillion (US$233.3 million).
Pessimistic outlook for tax collection towards year end

Pessimistic outlook for tax collection towards year end

Digital transformation has facilitated tax payment, giving a boost to tax revenues over the year. However, global economic uncertainties continued to depress Viet Nam''s economy and offset the technological impact.
Bank lending to property sector surges despite tight money

Bank lending to property sector surges despite tight money

Amid the central bank’s tight money policy and with the bond market screeching to a halt, many real estate companies thus find themselves cut off from sources of funds.
Newly established firms up in first five months

Newly established firms up in first five months

The number of newly-established enterprises in the first five months of the year was 62,961, up 12.9 per cent over the same period in 2021, according to the General Statistics Office (GSO).
HCM City promised laser focus on collecting taxes

HCM City promised laser focus on collecting taxes

HCM City’s tax revenues rose in the first two months of the year as the economy showed signs of recovery.
Tax collection exceeds estimate

Tax collection exceeds estimate

The total State budget revenue managed by the tax authorities reached nearly VNĐ1.3 quadrillion this year, exceeding the estimate by over VNĐ177 trillion (US$7.7 billion).
Tax collection reaches record high but slows down as virus takes a toll

Tax collection reaches record high but slows down as virus takes a toll

Tax collection in the first seven months of this year set a record high, driven by robust banking, property, securities and automobile production sectors, but was slowing down as the virus took a toll.
PM urges tax sector to continue with reforms

PM urges tax sector to continue with reforms

Prime Minister Nguyen Xuan Phuc on Wednesday praised the tax sector for reshuffling working apparatus, and urged it to continue with reforms to better serve taxpayers.
Free trade agreements increase tax collection

Free trade agreements increase tax collection

According to Vietnam Customs, total tax collection of the sector has so far reached VND335.6 trillion (US$14.5 billion), an 11.6 per cent year-on-year increase and exceeding the target of the finance ministry.
Deputies fear State will miss budget targets

Deputies fear State will miss budget targets

National Assembly (NA) deputies have expressed worries that the State budget income from tax collection is declining while economic development is too reliant on exploiting natural assets.
Ba Ria-Vung Taus good economic showing

Ba Ria-Vung Tau’s good economic showing

The southern province of Ba Ria-Vung Tau has reported solid growth in the first seven months of the year.