reduce

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

17:30 | 21/11/2023 Finance

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.

Interest rates continue to decrease further to push money out into the economy

20:10 | 06/07/2023 Finance

VCN - Interest rates on both the interbank and transaction markets among banks, people and businesses continued to decrease.

Saudi customs clearance time reduced to just 2 hours: Official

10:59 | 18/02/2023 World Customs

Saudi Arabia has reduced customs clearance time by 84 percent to just two hours by the end of 2022, down from 13 hours the previous year, the director general of Customs Operations Department at the Zakat, Tax, and Customs Authority revealed on Thursday.

Deputy Minister of Finance: follow the situation to adjust taxes and reduce gasoline prices

15:49 | 04/08/2022 Finance

VCN - Responding to the press at the Government press conference on the evening of August 3, Deputy Minister of Finance Vo Thanh Hung said that the Ministry has reported to the competent authorities to adjust taxes and fees related to petroleum to remove

Number of customs declaration forms declines: Lao Cai Customs

10:53 | 25/05/2022 Customs

VCN – The trade in goods at Lao Cai Customs has increased recently. However, the turnover declines compared with the same period of the previous year.

VAT expected to reduce to 8% from early February

17:44 | 22/01/2022 Regulations

VCN - The Ministry of Finance has provided specific guidance on the policy on value-added tax (VAT) reduction in the Decree detailing tax exemptions and reductions under Decree 43/2022 of the National Assembly on monetary and fiscal policies to support t

Ho Chi Minh City: Proposals to reduce many taxes for businesses to restore production

19:37 | 06/10/2021 Finance

VCN - In addition to proposing support import and export, the People's Committee of HCM City suggested to reduce corporate income tax (CIT), Value Added Tax (VAT), land rent; extension of tax payment deadlines; and interest rate support.

Review and cut taxes and fees related to import and export goods

14:21 | 26/06/2020 Finance

VCN- Solutions provided by the GDVC aim to support businesses, remove difficulties for production and business; continue to implement the goal of improving the business environment, contributing to improving national competitiveness.

With reduction of registration fee, consumers will save up to VND300 million

10:25 | 11/06/2020 Finance

VCN- Following the direction of the Government, the Ministry of Finance has completed the draft Decree regulating registration fee rates for domestically manufactured and assembled cars.

General Department of Taxation finishes arrangement and establishment of regional tax branches

17:54 | 27/02/2020 Finance

VCN – On the morning of February 26, the General Department of Taxation organized a conference to announce the completion of the plan on establishing regional tax branches in 63 provincial and municipal tax departments.

EVFTA: Taxes reduced for shrimp exports to EU

09:33 | 22/02/2020 Import-Export

VCN- According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the EU is Vietnam's largest shrimp import market, accounting for 20.5% of Vietnam's total shrimp export value.

Proposing reducing ethanol import tax to cut price of biofuel

10:43 | 28/12/2019 Import-Export

VCN- Under current preferential import tariffs, ethanol is classified into two sub-headings.

Reduce recurrent expenditure: despite positive results, pressure is not over

09:40 | 06/11/2019 Finance

VCN- According to the latest report by the Ministry of Finance, in the first nine months of 2019, total state budget expenditure reached 63.1% of the estimate, of which regular spending reached 73.4%.

Reducing taxes to reduce burden for businesses

10:08 | 10/08/2019 Finance

VCN- In fact, according to statistics bythe General Department of Taxation, only 50% of operating businesses have income to pay the Corporate Income Tax.

117 business conditions in Finance sector shall be reduced and simplified

12:37 | 12/11/2018 Finance

VCN- This Decree amends and supplements 14 decrees providing for business conditions in the sectors of accounting, auditing, lotteries, prize-winning electronic games for foreigners, credit rating service, casino, betting, service for voluntary pension fu