Investing in wages is investing in development

Investing in wages is investing in development

VCN - According to Dr. Bui Sy Loi (photo), senior expert of the Ministry of Labor, War Invalids and Social Affairs, former Deputy Chairman of the National Assembly's Committee on Social Affairs, the National Assembly's adoption of the reform policy salari
Workers’ average income up in first quarter

Workers’ average income up in first quarter

Vietnam saw a year-on-year fall in the number of workers joining the labour market in the first quarter but increases in average income, according to Pham Hoai Nam, Director of the Population and Labour Statistics Department at the General Statistics Office (GSO).
Vietnam to raise taxable personal income threshold from July

Vietnam to raise taxable personal income threshold from July

The threshold would now be raised from VND9 million per month to VND11 million
HCMC handled smuggled goods and detected income from warehouse leasing of over VND 10 billion excluding in accounting books

HCMC handled smuggled goods and detected income from warehouse leasing of over VND 10 billion excluding in accounting books

VCN- On October 23, 2019, HCMC issued a decision to inspect Binh Tay Packaging and Warehouse Joint Stock Company.
Tighten inspection of income tax from social networks

Tighten inspection of income tax from social networks

VCN- In addition, the fight against tax losses for construction and real estate businesses has been drastically implemented by the HCMC Tax Department.
Reducing corporate income tax is base of revenue

Reducing corporate income tax is base of revenue

VCN- According to calculations, if approved, the budget will lose about 6,500 billion dong from this tax reduction, but it will be a great motivation for businesses, thereby nurturing long-term revenue.
How does a kid model pay personal income tax?

How does a kid model pay personal income tax?

VCN - Due to underage, to be granted personal tax code, how does the kid model pay personal income tax (PIT)?
Ho Chi Minh Tax Department removes shortcomings on Personal Income Tax Finalization

Ho Chi Minh Tax Department removes shortcomings on Personal Income Tax Finalization

VCN- According to the representative of the PIT Department, only the income from salaries must be subject to annual PIT finalization. Income paying organizations regardless of whether raising tax deduction or not, must be responsible for declaring tax fin
Amendments in making the corporate income tax finalization in 2018

Amendments in making the corporate income tax finalization in 2018

VCN- From March 2019, enterprises in the whole country must conduct corporate income tax finalization. In order to prevent unnecessary errors and make the finalization in a timely fashion, enterprises must notice regulations on dossier, revenue as well as  deductible expenses.
Financial sector: Control income and assets to prevent corruption

Financial sector: Control income and assets to prevent corruption

VCN- The financial sector in recent years has focused on actively implementing anti-corruption and waste prevention measures that have been proposed since the beginning of the year, thereby achieving remarkable results.
Notes when making the final settlement of corporate income tax

Notes when making the final settlement of corporate income tax

VCN- Currently, the policy on corporate income tax is quite clear and creates maximum advantage for enterprises when carrying out final settlement.
​Ministry of Finance proposes to raise VAT to 11% from 2019

​Ministry of Finance proposes to raise VAT to 11% from 2019

VCN - The Ministry of Finance continues to propose to raise the value added tax to 11% instead of the current 10%.
Finalization of corporate income tax: Enterprises need to review carefully to avoid errors

Finalization of corporate income tax: Enterprises need to review carefully to avoid errors

VCN- Determining corporate income tax is an important step to quickly and easily finalize taxes for 2016.
Hanoi has another place to receive documents for personal income tax finalization

Hanoi has another place to receive documents for personal income tax finalization

VCN- The Hanoi Taxation Department will have a new place to receive documents for personal income tax finalization for 2016 - at Hall A1 of La Thanh Hotel.
Enterprises are worried about the new level of social insurance

Enterprises are worried about the new level of social insurance

VCN- According to the roadmap to 2018, earnings as the basis for paying social insurance will include salaries, allowances and other additional incomes.
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