HCM City: More than 77,000 enterprises subject to tax reduction

HCM City: More than 77,000 enterprises subject to tax reduction

A total 77,388 enterprises with revenue under VND 200 billion that have arisen the amount of payable corporate income tax are subject to tax reduction
Ha Noi Tax Department promotes authorization for tax collection for business households paying tax bypresumptive method

Ha Noi Tax Department promotes authorization for tax collection for business households paying tax bypresumptive method

VCN- According to Ha Noi Tax Department, for the goal of transferring tax collection for business households paying tax by presumptive method, the department issued documents guiding the deployment of authorization for tax collection, establishment of a s
Business households have been offset Family Circumstance Deduction when calculating Personal Income Tax

Business households have been offset Family Circumstance Deduction when calculating Personal Income Tax

VCN- Recently, the Ministry of Finance drafted a resolution of the Standing Committee of the National Assembly on adjusting Family Circumstance Deduction level  for personal income taxpayers.
Tax extension: Enterprises must wait for the Government

Tax extension: Enterprises must wait for the Government's official decision

VCN- The extension will reduce the State budget revenue in the extended months by more than VND 80 trillion but this amount will be remitted by the end of 2020, so it will not affect the budget revenue of the year.
License fees in 2020 should be paid on 30/1/2020 at the latest

License fees in 2020 should be paid on 30/1/2020 at the latest

The Hanoi Tax Department has implemented the guidance on declaration and payment of license fees for business households paying tax by the presumptive method in 2019.
E-invoices: Some cases do not need to have digital signature

E-invoices: Some cases do not need to have digital signature

The Ministry of Finance has announced a number of regulations on digital signatures, electronic signatures and for a number of mandatory e-invoice details.
Develop a Circular on guiding the implementation of electronic invoices

Develop a Circular on guiding the implementation of electronic invoices

The Ministry of Finance is drafting a circular guiding the implementation of the Decree No. 119/2018/ND-CP of the Government
Over 580,000 business households will be in Tax authorities’ list

Over 580,000 business households will be in Tax authorities’ list

General Department of Taxation sent document to provincial Tax departments to direct the work of tax management for business households paying presumptive tax in 2019
“Transforming” the business households: Not as we wish

“Transforming” the business households: Not as we wish

VCN- If nearly 5 million individual business households in the country can be transformed into enterprises, Vietnam will have a large number of enterprises operating actively contributing to the socio-economic development. However, it is not possible to t
Business households are still "reserved" to turn into enterprise

Business households are still "reserved" to turn into enterprise

VCN- Ten years ago, many business households were aware of the benefits of transforming into enterprises but they were afraid of many barriers. At the recent survey, these issues have not changed much.
Solving the issue  on the budget and business interests

Solving the issue on the budget and business interests

VCN- According to the Deputy Chairman of the Ho Chi Minh People's Committee Tran Vinh Tuyen, there are 250,000 individual business households in Ho Chi Minh City, but they only contribute 2% of the total City’s revenue
Transform business households into enterprises:  Do not force them to transform

Transform business households into enterprises: Do not force them to transform

VCN – The Government Resolution 35 / NQ-CP on supporting and developing enterprises by 2020 has set a target by 2020, there are at least 1 million operating enterprises in the country.
Urgently review and handle errors on the tax administration application

Urgently review and handle errors on the tax administration application

VCN – The General Department of Taxation has asked Tax Departments in provinces and cities directly under the Central administration to urgently review and handle the database of business households paying flat tax on the TMS application in 2016 and 2017.
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