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Tag - tax

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mercredi 16 août 2017

Vietnam's finance ministry proposes raising VAT to 12%

Vietnam's finance ministry said it has proposed increasing value-added tax (VAT) to 12% in 2019, from 10% currently, as part of measures to reduce record public debt.

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mercredi 7 juin 2017

Vietnam considers increasing taxes on big autos, pickups

Vietnam is considering hike in special consumption tax applied on big automobiles and pick-up trucks, as well as in registration fees for pick-ups, the Ministry of Industry and Trade said on Wednesday.

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mardi 8 septembre 2015

Vietnam plans to drop fines for some tax defaulters

The Ministry of Finance plans to forgo fines imposed on businesses which were behind their tax due date if their partners, including state agencies, had failed to pay them on time in accordance with contract terms.

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dimanche 12 avril 2015

Many foreign investors are evading taxes, polluting Vietnam

Vietnam has taken pride in its ability to attract foreign investment in recent years, but many are now worried that multinational corporations do not play fair when operating in the country.

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dimanche 14 décembre 2014

Vietnam seeks to tax e-commerce, Facebook retailers

A draft circular that envisages requiring online retailers to register with the ministry and pay taxes has drawn mixed reviews.

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jeudi 23 octobre 2014

Vietnam to increase tax on tobacco, alcohols

The government has proposed to increase luxury tax on tobacco to 70 percent in 2016 and 75 percent in 2019, from the current 65 percent, in an effort to reduce smoking rate among men.

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mardi 16 septembre 2014

Vietnam considers eliminating ad tax

A proposal to make all advertising costs tax-deductible has received high praise from Vietnam's struggling business community.

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mardi 5 août 2014

Vietnam to extend taxes as more firms shut doors

Prime Minister Nguyen Tan Dung pledged to offer tax extensions and simplify payment procedures on the heels of more bad news about business closures and suspensions.

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jeudi 10 avril 2014

Vietnam mulls issuing VAT refunds to foreigners at more exit terminals

The Ministry of Finance is seeking government approval for a new circular to give VAT refunds to foreigners who leave Vietnam through many other airports and seaports rather than just the two largest terminals in the country as at present.

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jeudi 11 juillet 2013

Vietnam considers imposing luxury tax on soft drinks

As Vietnam continues to levy a special 25-50 percent tax on beer and alcohol, the Vietnam Beer, Alcohol and Beverage Association (VBA) recently proposed that the state administration impose a similar 10 percent tax on carbonated beverages.

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samedi 20 avril 2013

Vietnam considers lowering VAT to bring businesses up

The Ministry of Finance is drafting the amended VAT law to be submitted to the National Assembly for ratification in the upcoming National Assembly’s 5th session. Under the draft, more products would be subject to the 5 percent tax instead of the current rate of 10 percent.

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mercredi 23 janvier 2013

Vietnam rejects automobile manufacturers' claims for car tax & fee reductions

Despite a series of policies laid down recently to help ease difficulties, automobile joint ventures still demanded sharper tax and fee reductions. In reply, the Ministry of Finance said they should not expect to see all the claims to be satisfied.

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samedi 5 janvier 2013

Vietnam to fine vehicle owners evading new road fee

Those vehicle owners who fail to pay the new road-use fee before June 30 will be fined VND3-6 million (US$143-286), an official with the Transport Ministry told Tien Phong newspaper on Friday.

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Only one-fourth of Hanoi firms pay income tax

HANOI – Only one-fourth of companies in Hanoi paid corporate income tax to local State budget in 2012, resulting in the capital city’s budget revenue falling short of the year’s target, according to Hanoi City’s Tax Department.

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samedi 22 décembre 2012

Vietnam in tax probe of foreign firms

HANOI—Vietnam said it plans to look into whether foreign companies have been artificially inflating the costs of their imported materials to avoid paying taxes.

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samedi 8 décembre 2012

Coca-Cola Vietnam protests tax evasion accusation

With Coca-Cola Vietnam recently coming under scrutiny over tax evasion possibilities, its External Relations Director said the company’s continuous losses is a result of a series of objective causes.

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dimanche 25 novembre 2012

Few foreign visitors get VAT refunds

HCM CITY — Only 860 foreign tourists have received value-added tax (VAT) refunds at Tan Son Nhat International Airport, four months after the VAT policy was introduced to increase tourism and shopping in the country.

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samedi 22 septembre 2012

Taxes in Viet Nam top regional figures

HA NOI — While economists and enterprises complain about the increasing burden of taxes and fees, financial officials claim that they are at a regional average level.

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vendredi 7 septembre 2012

Vietnam has highest tax rates in Asia

A recent report released by the NA's Economic Committee showed that Vietnam has ratios of tax revenue to GDP at 1.4-3 times higher than neighbouring countries.

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mercredi 5 septembre 2012

Motorbike, auto fees proposal faces opposition

The Vietnam Automobile Transportation Association has shown their opposition to the Ministry of Transport’s proposal on raising certain types of taxes on motorbike and autos.

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mardi 24 avril 2012

Vietnam to offer VAT refunds for foreign tourists

As of June 1, foreign travellers will receive VAT refunds for the goods they have purchased in Vietnam when leaving the country via Hanoi’s Noi Bai or HCM City’s Tan Son Nhat airports.

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vendredi 20 avril 2012

Late payment of social insurance lightly fined

HCM City Social Securities deputy director Do Quang Khanh brings some light to social insurance payment in the southern hub and suggests measures to help cushion the increase in violations within the social insurance domain.

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jeudi 29 mars 2012

Automaker association calls for delaying traffic fees

The Vietnam Automobile Manufacturers Association (VAMA) has called on the government's administrative agencies to stop implementing the suggestions related to traffic fees that were recently proposed by the Ministry of Transport.

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samedi 11 février 2012

Google and Facebook accused of evading taxes in Vietnam

Despite earning much from advertisements, the perhaps most well-known social networking sites, Google and Facebook, have paid very little in taxes in this country.

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dimanche 29 janvier 2012

Vietnam to offer tax refunds for tourists

The government has decided to pilot a value-added-tax refund scheme for foreign visitors in July in an attempt to boost sales of local products.

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mercredi 4 janvier 2012

Changes from January 1st, 2012

Vietnam saw several changes in government policies and activities from today January 1, 2012 :

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mercredi 14 décembre 2011

Finance Ministry asked to mull property tax

The prime minister has just assigned the Ministry of Finance to draft a property tax bill in an effort to fight speculation and to improve the efficiency of land use.

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lundi 5 septembre 2011

Honda VN protests against $160 million tax arrears

Honda Vietnam has filed a petition to the government after being told to pay tax arrears of VND3.34 trillion (US$160 million) by local customs agencies.

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samedi 3 septembre 2011

Cigarette fraud leaves smoking budget hole

Illicit cigarette sales are putting a serious dent in Vietnam's tax collection despite government measures to stub out the trade.

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Vietnam to impose 'green' tax

Vietnam will impose an environment protection tax (EPT) next year on products classified as hazardous to the environment.

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