Increasing penalties to reduce violations in independent auditing

Increasing penalties to reduce violations in independent auditing

VCN - According to data from the Ministry of Finance, Vietnam currently has around 2,400 practicing auditors who are certified to perform audit services, with over 220 audit firms certified to provide these services.
Amending the Law to create the best conditions for state-owned enterprises

Amending the Law to create the best conditions for state-owned enterprises

VCN - The Draft Law on State Capital Management and Investment in Enterprises was approved in principle at the 9th Session (May 2025), will be submitted to the National Assembly for the first comments at the 8th Session (October 2024) and is expected to t
Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

VCN - The Government suggests that it is necessary to develop regulations on special consumption tax that adhere to the principle of promoting production and business, economic development and meet the requirements of protecting the environment and people
Information on the proposal to remove the VAT exemption for low-value goods

Information on the proposal to remove the VAT exemption for low-value goods

it is known that recently some countries have begun to research and implement VAT collection for low-value goods.
Alcohol and beer are subject to special consumption tax

Alcohol and beer are subject to special consumption tax

VCN - According to the provisions of the Law on Special Consumption Tax, alcohol and beer are subject to special consumption tax.
It is necessary to clarify principles for applying the list of food safety inspection items

It is necessary to clarify principles for applying the list of food safety inspection items

VCN - The General Department of Customs organized a concentrated working session, coordinating with representatives of the Ministry of Health, the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development to review and standardize
Perfecting the law on management and use of public property

Perfecting the law on management and use of public property

At the conference of collecting feedbacks about Law on Management and Use of Public Property, delegates proposed amendments to increase efficiency and autonomy in the management and use of public property.
Legal basis for tax collection, payment and management for foreign enterprises

Legal basis for tax collection, payment and management for foreign enterprises

The Draft Law on Corporate Income Tax (CIT) has amended and supplemented regulations on taxpayers to contribute to improving policy transparency, facilitating tax management
Handling tax debts for imported goods under the type of processing

Handling tax debts for imported goods under the type of processing

General Department of Vietnam Customs has just guided the Dong Nai Customs Department to resolve difficulties in handling tax debts for imported goods under the type of processing type, export production
Procedures on declaration registration and processing taxes for enterprises that have been shutdown

Procedures on declaration registration and processing taxes for enterprises that have been shutdown

Regarding the case of an enterprise that has temporarily suspended operations or gone missing as confirmed by tax authority, the General Department of Vietnam Customs has responded
Unify the way of handling administrative violations for imported vehicles

Unify the way of handling administrative violations for imported vehicles

The General Department of Vietnam Customs requests designated units to review records and unify the way of handling administrative violations in specific cases related to imported vehicles
Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

In order to improve management efficiency, Vietnam Customs can refer to the experience of fuel management on exit and entry transport vehicles of some international Customs agencies such as Singapore, China, and Canada.
Fuels containing in vehicles on entry and exit: Issues raised in the management of Customs agencies

Fuels containing in vehicles on entry and exit: Issues raised in the management of Customs agencies

The Vietnam Customs has effectively implemented tax laws, but the management of fuel on means of transport when there is an exit and entry (E&E) activity poses numerous challenges
Policies of goods quality inspection need to facilitate and prevent fraud

Policies of goods quality inspection need to facilitate and prevent fraud

With the strong development of international e-commerce, individuals in Vietnam can easily order goods through websites, and goods are shipped to Vietnam through express delivery companies.
Beverage enterprises need to renovate the process to adapt with rise of tax

Beverage enterprises need to renovate the process to adapt with rise of tax

To manage the alcoholic beverage market, along with tax solutions, it is necessary to strengthen measures to manage smuggled wine and beer, especially locally brewed wine, illegally produced wine, and poor quality wine.
Special consumption tax policy for electric cars

Special consumption tax policy for electric cars

To encourage businesses to invest and consumers to use environmentally friendly vehicles, the Ministry of Finance has proposed a special consumption tax (SCT) rate for this type of vehicle.
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Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

The Ministry of Finance is drafting a decree amending a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating Vietnam's preferential export tariff schedule and special preferential import tariff schedule to
Must strictly manage duty-free goods

Must strictly manage duty-free goods

The GDVC has just responded to the Binh Phuoc Customs Department to guide Binh Duong Water and Environment Corporation to implement regulations on the management of tax-free imported goods.
Amend the law to protect the rights of accountants

Amend the law to protect the rights of accountants

VCN - Promoting decentralization, delegation of authority, improving state management capacity in the field of accounting, enhancing the responsibility of leaders, etc will ensure the legitimate rights of accountants, prevent corruption and waste.
Simplification is not enough, enterprises need stronger administrative reform

Simplification is not enough, enterprises need stronger administrative reform

Vietnam Chamber of Commerce and Industry (VCCI) said that regulations on administrative procedures need stronger reform.
Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi

Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi

VCN - To support people and businesses with more resources to cope with difficulties and challenges in production and business due to the impact of typhoon No. 3 (Yagi), the Ministry of Finance proposed a 15-30% reduction in land rents in 2024.
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