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tax rate

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...
VCCI proposes zero tax rate to be maintained for exported services

VCCI proposes zero tax rate to be maintained for exported services

Việt Nam’s export of services reached $20 billion in 2023 with an average annual growth rate of 11 per cent, higher than the country’s gross domestic growth rate.
Ministry proposes lower tax rate for small, micro-enterprises

Ministry proposes lower tax rate for small, micro-enterprises

Lowering CIT rates on small and micro enterprises was important as a support to help them overcome the difficult time and have resources for investing in production and business.
Mixed views on global minimum corporate tax rate

Mixed views on global minimum corporate tax rate

The Organisation for Economic Cooperation and Development (OECD) two-pillar solution has introduced a global minimum corporate tax rate (GMCT) of 15 per cent applicable from 2023, but experts have mixed positions on the tax.
Reasonable rent tax rate and threshold is important: experts

Reasonable rent tax rate and threshold is important: experts

Careful consideration must be given to the imposition of a rent tax on people who own apartments for lease, experts said, adding that it was essential to introduce a reasonable tax rate and threshold.
Enjoying incentives, prices of domestically-produced cars expected to drop

Enjoying incentives, prices of domestically-produced cars expected to drop

The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices and enhance competitiveness.
Fertiliser tax does more good than harm: Experts

Fertiliser tax does more good than harm: Experts

Following the implementation of a provisional tax on imported fertilisers, the Ministry of Industry and Trade (MoIT) asked for experts’ opinion on the matter as of late Novermber regarding balance of benefits amongt related parties.
Indonesia keeps anti-dumping tax on Vietnamese steel

Indonesia keeps anti-dumping tax on Vietnamese steel

The Indonesian Anti-Dumping Committee decided to keep an anti-dumping tax rate of between 12.3 per cent and 27.8 per cent for steel products imported from Viet Nam
Finance ministry clarifies tax rate

Finance ministry clarifies tax rate

The Ministry of Finance said a bad translation claiming that the tax-rate-to-profit ratio in Viet Nam was high, accounting for nearly 40 per cent of profit and undermining competitiveness, caused misunderstandings.
Tax rates proposed for two fats for milk

Tax rates proposed for two fats for milk

The Ministry of Finance has proposed a standard tax rate for anhydrous butter fat (ABF) and anhydrous milk fat (AMF), two different kinds of materials for processing milk products.
HAGL to import 50,000 tonnes of sugar

HAGL to import 50,000 tonnes of sugar

The Government has agreed in principle to allow the Hoang Anh Gia Lai Group (HAGL) to import 50,000 tonnes of sugar from Laos at a tax rate of 2.5 per cent.
VN steel exporters oppose Indonesia decision

VN steel exporters oppose Indonesia decision

The Government of Indonesia has imposed an anti-dumping tax on imports of Vietnamese cold rolled steel sheets without consulting the Government of Viet Nam. The imposition of the tax from July 7, 2014 to July 7, 2017 has d difficulties for Vietnamese steel exporters....
Government lowers income tax for firms

Government lowers income tax for firms

Viet Nam''s Ministry of Finance has cut the general enterprise income tax rate to 22 per cent from 25 per cent from 2014 on and to 20 per cent by 2016.
Draft law proposes new fat tax on carbonated soft drinks

Draft law proposes new fat tax on carbonated soft drinks

A special consumption tax of 10 per cent is likely to be imposed on carbonated soft drinks due to their potential health risks.
Preferential tax rates to rise for range of imports

Preferential tax rates to rise for range of imports

The Ministry of Finance will raise taxes by up to 10 per cent for 462 preferential import tariff lines next year.