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income tax

Finance ministry proposes changes in new personal income tax law

Finance ministry proposes changes in new personal income tax law

The replacement law is set to be approved by the National Assembly at its 11th session in May 2026.
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...
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
Corporate income tax on smaller enterprises might be cut to as little as 15%

Corporate income tax on smaller enterprises might be cut to as little as 15%

The corporate income tax on small and micro-sized enterprises might be cut to 15-17 per cent from a current common rate of 20 per cent, depending on previous revenues.
Việt Nam ramps up supervision on personal income tax

Việt Nam ramps up supervision on personal income tax

Vietnamese authorities are ramping up tax supervision on individuals who earn income from livestreaming sales on e-commerce and social media platforms to ensure they comply with tax regulations.
Proposal to amend personal income tax law set for October next year

Proposal to amend personal income tax law set for October next year

Minister of Finance Hồ Đức Phớc said that the ministry is currently conducting a review and assessment of tax laws, including the Personal Income Tax Law.
Enhanced income tax management on stock dividends

Enhanced income tax management on stock dividends

Management of personal income tax will be strengthened to ensure that individuals receiving stock dividends and payments in form of bonus shares fulfil their tax obligations.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Việt Nam will extend 2024 payment deadlines for VAT, corporate income tax, personal income tax and land rent, impacting nearly VNĐ84 trillion (US$3.3 billion) in total taxes.
Decree on corporate, personal income tax exemption in HCM City issued

Decree on corporate, personal income tax exemption in HCM City issued

The Government has issued a decree which provides special policy mechanisms for corporate and personal income tax exemption in HCM City.
NA approves global minimum tax regulations

NA approves global minimum tax regulations

It is estimated that about 113 MNEs in Việt Nam will be affected by the global minimum tax.
Outdated PIT weighs on those struggling to make ends meet in major cities

Outdated PIT weighs on those struggling to make ends meet in major cities

It is urgent for Viet Nam to amend the regulations on personal income tax (PIT), which have proven to be outdated and weighing on people, especially those struggling to make ends meet in major cities.
Ministry proposes extension of tax payment deadline

Ministry proposes extension of tax payment deadline

The ministry said the extension would support enterprises to overcome difficulty and have resources to invest in production and business, adding that the extension would not affect the state budget balance at both central and local levels.
Viet Nam to amend law on personal income tax

Viet Nam to amend law on personal income tax

The amendments to the PIT law would be studied and considered carefully to ensure the consistency with the tax system reform strategy to 2030, appropriateness to the socio-economic context, income and living standards of the people.
VN needs to move forward on global minimum tax

VN needs to move forward on global minimum tax

Given the short timeline before the global minimum corporate income tax was in force, experts urged Viet Nam to take action to come up with appropriate tax policies in adaptation to the global minimum corporate tax in order to remain an...
Govt to slash VAT from 10% to 8% in 2022

Govt' to slash VAT from 10% to 8% in 2022

The government is mulling to slash VAT down to 8 per cent from 10 per cent for a large number of businesses in 2022, starting from February.