Reducing VAT along with tax and fee supports helps stimulate demand, reduce costs, and increase profits

Reducing VAT along with tax and fee supports helps stimulate demand, reduce costs, and increase profits

VCN - According to the program of the 6th Session, Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, presented a Proposal on reducing value added tax (VAT), with a proposal to continue implementing this policy in the first half of 2024.
Suggesting new charges for certificate of origin

Suggesting new charges for certificate of origin

The Ministry of Finance is drafting Circular prescribing fees and charges payable in the certificate of origin (C/O), collection, transfer, management and use thereof
HCM City: Port infrastructure fees halved from August 1

HCM City: Port infrastructure fees halved from August 1

Port infrastructure fees for imported and exported goods transported by inland waterways in and out of Ho Chi Minh City are halved from August 1, in accordance with a resolution approved by the municipal People’s Council.
One export shipment "imposed" with nearly 20 types of fees of shipping lines and port enterprises

One export shipment "imposed" with nearly 20 types of fees of shipping lines and port enterprises

For each export shipment (packed in container or bulk cargo), businesses must navigate up to 20 fees collected by shipping lines and port businesses.
HCM City considers adjusting seaport infrastructure fees

HCM City considers adjusting seaport infrastructure fees

VCN - HCM City has received feedbacks from ministries, government agencies, associations and businesses related to the inappropriate fee collection time and differences in fee rate between goods declared inside and outside HCM City.
MoF submits to the Government to extend the deadline for payment of taxes

MoF submits to the Government to extend the deadline for payment of taxes

VCN- The decrease in sales and interruption of commercial transactions has caused difficulties in balancing the financial resources of businesses to maintain production and business activities.
Ministry of Finance proposes to extend the time to reduce fees and charges

Ministry of Finance proposes to extend the time to reduce fees and charges

VCN-The Prime Minister issued Directive No.11/CT-TTg dated March 4, 2020 on urgent tasks and solutions to remove difficulties for production and business, ensure social security to cope with the Covid-19 pandemic.
Further extending reduction period for 29 kinds of fees and charges until June 1, 2021, except car registration fee

Further extending reduction period for 29 kinds of fees and charges until June 1, 2021, except car registration fee

VCN – On December 29, the Ministry of Finance issued Circular No. 112/2020 / TT-BTC regulating the rates of a number of fees and charges to aid and remove difficulties for business and production, ensuring social security in response to the Covid-19 pande
Three fields enjoy 50% discount of fees and charges

Three fields enjoy 50% discount of fees and charges

VCN - On May 26, the Ministry of Finance issued three circulars for 50% discount of appraisal feesrelated to: publishing, trading, licensing establishment ofmercantile exchange; registration fee for using foreign barcodes and industrial property charges.
Negotiate and cooperate to get reasonable fees for banking industry

Negotiate and cooperate to get reasonable fees for banking industry

VCN - In fact, the bank itself has to cut business costs and cut wages to reduce interest rates, reduce support fees for corporate customers and individuals affected by Covid-19.
Supporting enterprises to overcome difficulties, are preferential taxes and fees necessary?

Supporting enterprises to overcome difficulties, are preferential taxes and fees necessary?

VCN- Ministry of Finance said that proposal on exemption and reduction taxes of some items should be done carefully so as not to violate international commitments.
Businesses encouraged to pay Hai Phong seaport fees via 24/7 system

Businesses encouraged to pay Hai Phong seaport fees via 24/7 system

VCN - In March, there were 70 businesses successfully paying seaport fees via the 24/7 e-payment portal of the General Department of Customs.
Dual advantage of non-cash collection of Customs taxes and fees

Dual advantage of non-cash collection of Customs taxes and fees

VCN- Currently, 39 commercial banks across the country have signed a regulation with the General Department of Customs to implement e-tax payment and 23 commercial banks will implement e-tax payment and customs clearance 24/7.
Numerous real estate companies owing in taxes and fees

Numerous real estate companies owing in taxes and fees

The Hanoi Department of Taxation has just announced that hundreds of real estate companies owe a total of VND1.126 trillion ($48.9 million) in tax, administrative fees, and other land-related sums.
From 1 April 2019, non-cash payment of Customs taxes and fees:  fast and convenient

From 1 April 2019, non-cash payment of Customs taxes and fees: fast and convenient

VCN - The first day of implementation of non-cash payment of Customs taxes and fees at the provincial and municipal customs units showed that payment of fees were fast and convenient.
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