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vietnam tax

MoF considering easing tax burden on individual landlords

MoF considering easing tax burden on individual landlords

The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for landlords renting out houses.
Viet Nam faces increasing tax evasion and avoidance

Viet Nam faces increasing tax evasion and avoidance

Viet Nam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by Viet Nam Institute for Economic and Policy Research (VEPR) and Oxfam.
Association calls for tax incentives for social housing developers to be consistent

Association calls for tax incentives for social housing developers to be consistent

Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment.
E-commerce market booms, but hard to control

E-commerce market booms, but hard to control

E-commerce in Viet Nam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
Viet Nam emerges as attractive destination for Australian investors

Viet Nam emerges as attractive destination for Australian investors

An article published in the Australian Financial Review said the Southeast Asian country, best known to Australians as a laid-back holiday destination, is now on the radar for big businesses, attracted by these advantages. 
Vietnamese firms using e-invoices reach 9,000

Vietnamese firms using e-invoices reach 9,000

The number of Vietnamese firms using e-invoices has increased from roughly 800 in 2016 to over 9,000, according to the General Department of Taxation (GDT).
VN rises in WBs ease of doing business ranking

VN rises in WB’s ease of doing business ranking

With strengthened access to credit and improvement in tax reforms, Viet Nam moved up 14 places to rank 68 among 190 countries in the 15th edition of the World Bank’s Doing Business 2018 report, themed “Reforming to Create Jobs.”
VN trade deficit hits 2.13b

VN trade deficit hits $2.13b

Viet Nam’s trade deficit was estimated at US$2.13 billion in the first eight months of the year, $950 million lower than the figure of $3.08 billion in the first seven months, according to the General Statistics Office (GSO).
Producers petitions for tax free fertilisers

Producers petitions for tax free fertilisers

Fertiliser producers are petitioning the Government and the National Assembly to add a tax exemption for fertiliser products to the Law on value added tax.  
New tax cut plan aims to boost entrepreneurship

New tax cut plan aims to boost entrepreneurship

The Government will submit a tax reduction plan to the National Assembly (NA) this month, which aims to meet targets of increasing the number of efficient enterprises in the country to one million by 2020.
Top tax paying firms revealed

Top tax paying firms revealed

The minerals and petroleum sectors have come out on top amongst corporate taxpayers on a list of 1,000 leading corporations, accounting for 30 per cent of total tax payments this year.
Viet Nam announces tax rules for Uber

Viet Nam announces tax rules for Uber

The Ministry of Finance has issued a document on tax payment rules for Dutch-based Uber International Holding BV for its car hailing service in Viet Nam.
Tax refunds to be accelerated

Tax refunds to be accelerated

The tax watchdog is striving to increase the percentage of tax reimbursements processed through the "refund first, check later" regime, aiming to speed up refunds that would be beneficial for businesses, according to Le Thi Duyen Hai, director of the Tax Declaration and Refund...
Tax sector aims to prevent losses in 2016

Tax sector aims to prevent losses in 2016

The tax sector will focus on creating a decree to prevent tax losses and transfer pricing in the second half of the year, said Do Hoang Anh Tuan, deputy finance minister.
Tax authority probes recover 1.4b

Tax authority probes recover $1.4b

The tax authorities conducted investigations and checks at more than 70,000 businesses, reducing losses of around VND20 trillion ($889 million) in 2015.