Suspending VAT refunds will harm cassava industry

Thursday, Mar 24, 2022

The Viet Nam Cassava Association has proposed the Government does not implement a recent decision on value-added tax (VAT) refunds for cassava starch products as it will difficulties for the cassava industry.

Finance ministry to consider 5% VAT on fertiliser

Wednesday, Jun 17, 2020

According to the Viet Nam Fertiliser Association, since the law came in force, the prices of fertiliser products in the domestic market rose by 7.2-7.6 per cent compared to when a VAT rate of 5 per cent was imposed previously.

Businesses seek tax reduction to foster recovery after pandemic

Monday, May 11, 2020

The COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Viet Nam.

Finance Ministry proposes 5-month extension of VAT and land rent payment for businesses

Wednesday, Mar 11, 2020

The Ministry of Finance has submitted to the Government a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments for those affected by the COVID-19 epidemic.

New VAT policy for Ahamove

Monday, Jan 14, 2019

The HCM City Department of Taxation has approved a proposal from Ahamove regarding the way the on-demand delivery service company calculates value added tax (VAT).

VAT plan would hit household welfare: VEPR

Friday, Jun 29, 2018

Ministry of Finance (MOF)’s two different proposals to increase value-added tax (VAT) would various impacts on the overall economy and household welfares, according to VEPR.

Ministry backs down on VAT

Wednesday, Jan 17, 2018

Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.  

VAT increase necessary for national budget: official

Thursday, Sep 07, 2017

Pham Dinh Thi, director of the Ministry of Finance’s Tax Policy Department talks with a Vietnam News Agency reporter about the ministry’s proposal to increase the value added tax (VAT) from 10 per cent to 12 per cent.

Deputy PM demands tax hike reviews, experts beg to differ

Monday, Aug 21, 2017

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.

MOF eases regulations for VAT tax refunds

Friday, Mar 18, 2016

The Ministry of Finance has asked local tax authorities to refund value-added tax (VAT) to enterprises if the amount of tax they default on is less than the amount of tax refund that they will receive.

PM upholds unchanged VAT for rice

Friday, Jul 03, 2015

The Prime Minister has approved the Ministry of Finance''s decision to not slash the value added tax (VAT) imposed on rice in the domestic market.

Phu Quoc airport to provide VAT refunds

Tuesday, Mar 03, 2015

International tourists will receive value-added tax (VAT) refunds on goods they purchase in Viet Nam at one more airport, the Phu Quoc International Airport in the southern Kien Giang province.

Retailers needed to push VAT refund

Thursday, Sep 04, 2014

General Taxation Administration under the Ministry of Finance has said it was necessary to increase the network of retailers registering to join the value-added tax (VAT) refund programme to make it more appealing to international tourists.

PM backs VAT exemption for animal feed

Wednesday, Sep 03, 2014

The Prime Minister is supporting the proposal of the Ministry of Finance to include animal feed in the list of products exempted from value added tax (VAT) payment.

Customs collect $7.27bn in taxes

Monday, Oct 07, 2013

The General Department of Customs collected nearly VND160 trillion (US$7.27 billion) in taxes and duties in the first nine months of this year, up 13.8 per cent year-on-year.