A fresh "baseline tariff" of 10 per cent will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors.
According to the General Department of Taxation, 148 foreign suppliers have registered and paid taxes through the electronic portal with estimated revenue of more than VNĐ2.8 trillion (US$108.2 million) in the first quarter.
Việt Nam should continue bilateral negotiations with the US administration on major export commodities while guiding businesses in diversifying markets, attracting more US investments, and increasing purchases of goods from the US, an analyst has said.
Starting April 1, e-commerce and digital platforms with payment functions must declare and pay taxes on behalf of business households and individual sellers. This requirement is part of the draft amendments to the Tax Administration Law, which was passed by...
Special focus is also placed on products with high import value that are of strategic interest to Việt Nam’s key trading partners. To maintain compliance with its international commitments, the revised tax rates will not be lower than those set...
A rapid and substantial tax increase could reduce the overall economic benefits for industries and the economy, leading to decreased consumer and investment demand: experts
Việt Nam officially became the 107th country to join the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA), meaning the EU will not apply any tax or non-tax defensive measures against the Southeast Asian nation.
Given the current challenging economic environment, the VCCI emphasised that any adjustments to tax policies, including the special consumption tax, should be approached with caution and comprehensively evaluated.
