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taxes

Taxes on second property require cautious, balanced approach

Taxes on second property require cautious, balanced approach

Just last week, the Vietnam Association of Real Estate Brokers (VARS) called for additional taxes on second properties and unused land lots, especially on apartments.
Foreign suppliers pay over VNĐ18 trillion in taxes via electronic portal

Foreign suppliers pay over VNĐ18 trillion in taxes via electronic portal

A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over VNĐ18 trillion (US$711.88 million) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).
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
Hà Nội collects over 390m in taxes from e-commerce

Hà Nội collects over $390m in taxes from e-commerce

The figure includes over VNĐ2.54 trillion in corporate taxes and over VNĐ7.36 trillion in taxes paid by household businesses.
HCM City announces list of businesses owing taxes

HCM City announces list of businesses owing taxes

The HCM City Tax Department has announced a list of 267 businesses and individuals owing over VNĐ4.6 trillion (US$187.8 million) in taxes and other revenues as of April this year.
Việt Nam to prohibit those with unpaid taxes from leaving country

Việt Nam to prohibit those with unpaid taxes from leaving country

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure that individuals and businesses fulfill their tax payment obligations.
Canada reviews anti-dumping duty on upholstered seating from China and Việt Nam

Canada reviews anti-dumping duty on upholstered seating from China and Việt Nam

The review is carried out under the request of the importer and is also a part of the conclusion of the Canadian International Trade Tribunal (CITT) issued on September 2, 2021 for the original investigation conducted in 2020.
HCM City takes measures to accelerate state budget revenue collection

HCM City takes measures to accelerate state budget revenue collection

HCM City is implementing measures to speed up the collection of taxes and other revenue items to achieve its 2024 target after falling short this year.
Ministry reduces import taxes on gasoline and oil

Ministry reduces import taxes on gasoline and oil

The Ministry of Finance (MoF) has just announced the reduction of the gasoline import tax to 5.62 per cent while increasing the standard cost of the gasoline base price by VND30 per litre.
Ministry asked to raise policies to support enterprises

Ministry asked to raise policies to support enterprises

The support policies would include the exemption and reduction of taxes and fees and land use fees following the Prime Minister’s directives and be reported to the Government by mid-March.
MoF to raise taxes on land and housing

MoF to raise taxes on land and housing

Taxes on land and housing in Viet Nam are far lower than those in other countries, exposing the need for higher tax rates to improve fiscal revenues.
Special consumption taxes on gasoline to stay in place: MoF

Special consumption taxes on gasoline to stay in place: MoF

Việt Nam''s special consumption taxes on gasoline remains at 10 per cent (8 per cent for E5 and 7 per cent for E10). 
VN collects taxes from Microsoft, TikTok, Netflix

VN collects taxes from Microsoft, TikTok, Netflix

Many major foreign network service providers such as Facebook, Microsoft, TikTok, Netflix have directly registered, declared and paid taxes online into the Vietnamese budget.
Govt asked to raise export taxes to reduce domestic fertiliser prices

Govt asked to raise export taxes to reduce domestic fertiliser prices

The Ministry of Finance (MoF) has proposed a five per cent increase in the export tax rate, in an effort to cool down domestic fertiliser prices.
VN to study property tax in comprehensive tax reform

VN to study property tax in comprehensive tax reform

Viet Nam will study the imposition of a tax on houseowners and increase taxes on land in an effort to prevent speculation and increase the land use efficiency.