In the context of unfavourable developments in the world market affecting all fields in Việt Nam, the Ministry of Finance has proposed solutions on extension, exemption, and reduction of taxes, fees, charges, and land rent, worth about VNĐ196 trillion in...
The Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Viet Nam.
South Korean manufacturers have been shifting the focus of their overseas direct investment to Viet Nam from China thanks to tax incentives, cheaper labour and other favourable conditions, Yonhap reported on Thursday.
Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest state taxes despite reporting high profits, statistics show.
The branch of Suntory Pepsico Viet Nam Beverage Company in Can Tho City is subject to taxes as an expansion but not as a new investment, the Ministry of Finance has announced.
Tax incentives following commitments to Viet Nam''s free trade
agreements (FTAs) would not significantly impact budget revenues, as the
liberation of trade is to be gradual, according to representatives from
the Ministry of Finance.
The municipal People''s Council has decided
to provide an additional tax incentive for an expansion plan of the
Samsung Electronics HCM City CE Complex at the Sai Gon Hi-Tech Park.
Viet Nam plans to impose a 17 per cent corporate income tax (CIT) for
four years from January 1, 2017, on businesses making less than VND20
billion (US$893,000) in revenue.
The finance ministry issued Circular No. 83/2016/TT-BTC ("Circular 83")
on June 17, 2016. It guides the implementation of investment tax
incentives prescribed in the Investment Law and Government decree No.
118/2015/ND-CP, which details and regulates several articles of the
Investment Law.
The Ministry of Finance is drafting a proposal on corporate income tax
applicable for small and medium-sized enterprises (SMEs) in the next
five years.
Deputy Prime Minister Vu Van Ninh this week asked the Finance Ministry
to complete a draft resolution on tax incentives for IT firms and
collect suggestions from relevant ministries and the Ministry of Justice
for submission to the Government this month.