Finance

EU not to impose tax, non-tax defensive measures on Việt Nam

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.

VCCI holds consultation on Special Consumption Tax draft law

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

Tax revenue from e-commerce surges

With e-commerce experiencing rapid growth, ensuring tax compliance is crucial to preventing revenue losses.

E-tax system resumes operation

The suspension, which lasted from 5pm on March 12 until 8am on March 17, was necessary to enhance tax management and implement structural changes.

Concerns emerge over online sales tax implementation

According to the Việt Nam Chamber of Commerce and Industry (VCCI), businesses have raised concerns about the draft decree''s timeline. 

VCCI proposes amendment to Special Consumption Tax Law

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.

Authorities recover tax and issue fines of nearly $55 million for e-commerce violations in 2024

In 2024, tax authorities handled over 33,000 cases of e-commerce business violations, including 736 enterprises and 32,267 individuals.

Gov't issues decree on temporary exit ban for tax evaders

Business owners with a tax debt from VNĐ50 million ($1,950) that is overdue by more than 120 days will potentially be banned from exiting the country.

Ministry of Finance proposes tax exemption for orders under VNĐ2 million

Organisations or individuals can only benefit from tax exemptions on purchases up to VNĐ96,000,000 per year.

VINASME proposes reduction of corporate income tax

Việt Nam''s corporate income tax rate of 20 per cent is higher than in Singapore (17 per cent) and Brunei (18.5 per cent).

MoF proposes tax and land rent payment extension for 2025

According to MoF, this is an extension policy, not a tax exemption or reduction.

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.

VN mulls new property tax to curb speculation

In major cities across Việt Nam, many prime urban areas remain vacant for years due to speculative activity. Instead of fuelling the economy, capital is locked up in real estate.

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.

Flexible tax policy to propel Việt Nam’s economic growth in 2025

The Vietnamese government has extended and enhanced tax relief for 2025, offering reductions and deferrals to boost economic growth.

Livestock department proposes tax reduction for imported soybean meal

Two different tax rates are currently applied to different forms of the product.