The National Assembly’s Finance and Budget Committee supports the removal of the value added tax waiver for low-value goods equal to or less than VNĐ1 million (US$39.30) imported via e-commerce platforms such as Shopee, Lazada and TikTok.
Given that input VAT credits can amount to between 1.0 to 8.0 per cent of product prices, the "free launch" has tilted the playing field significantly in favor of foreign producers.
Presently, the visitor visa exemption list includes only seven EU member countries, namely Germany, France, Italy, Spain, Denmark, Sweden, and Finland.
he information and communication technology sector has grown by 6-9 per cent each year and has often exceeded the country’s GDP growth rate in recent years, attendees were told at workshop held by the Ministry of Information and Communications (MIC).
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.
The Ministry of Industry and Trade has urged plastic producers to apply for exemptions from anti-dumping duty on the ministry’s public service e-portal.
Viet Nam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), asked for tax exemptions to overcome current and future difficulties in the oil industry.
A policy that may grant up to 30 per cent tax exemption for small-to-medium-sized business (SMEs) was discussed today by National Assembly deputies during a meeting in Ha Noi.
Viet Nam’s seafood exports to the other 10 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have increased sharply since the agreement took effect earlier this year.
Deputy Prime Minister Vuong Dinh Hue has agreed with the Ministry of Finance’s proposal to exempt tax on imported goods of Emirates Airline, vietnamplus.vn reports.