reduction

Supporting businesses in cost reduction

10:42 | 15/01/2024 Headlines

VCN - To continue enhancing the competitiveness of the business environment and supporting business development, Dau Anh Tuan (photo), Deputy secretary general, Head of the Legal department, Vietnam Chamber of Commerce and Industry (VCCI), suggested focus

VAT reduction requires a combination of long-term solutions to support growth

17:38 | 21/11/2023 Finance

VCN - Responding to the opinions of National Assembly delegates on reducing value added tax (VAT), Minister of Finance Ho Duc Phoc said that this is only one of solutions and is effective in the short term, so it still needs long-term solutions for econom

Ministry of Finance suggests not implement 50% reduction in car registration fee

14:10 | 07/06/2023 Regulations

VCN - In Report No. 97/TTr-BTC dated May 31 to the Government Standing Committee on the proposal of registration fee collection for domestically manufactured and assembled automobiles, the Ministry of Finance continued to request that not implement a 50%

The scope of subjects entitled to a 2% VAT reduction as proposed by the Government is appropriate

10:17 | 01/06/2023 Finance

VCN - When the Government made the above proposal, it had to be based on calculations and balances on specific impacts on many fields, and also based on experience from applying the VAT reduction policy in 2022.

Vietnam must step up carbon reduction to enter EU markets

14:29 | 02/02/2023 Import-Export

Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.

Deferred tax payments totaled VND nearly 106 trillion

10:05 | 11/01/2023 Finance

VCN - In 2022, the Ministry of Finance has effectively implemented the socio-economic recovery and development program with the deferral of tax payment and tax exemption and a reduction of nearly VND200 trillion.

Consider a 30% reduction in road use fee for transportation business

10:31 | 09/12/2022 Regulations

VCN - It is necessary to issue a Decree to unify regulations on the rate and regimes of collection, payment, exemption, management and use of road use fees to stabilize the state budget revenue from this revenue and serve the maintenance of the road syste

Customs effectively implements tax exemption, reduction and refund policies to support businesses

07:46 | 18/09/2022 Customs

VCN - To promptly and effectively implement policies to support enterprises and business households under the Government's socio-economic recovery program, in the first eight months of the year, the Customs sector has effectively implemented tax exemption

How would US tax reductions affect Vietnam's seafood exports?

13:58 | 12/07/2022 Import-Export

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the US is Vietnam's largest tuna import market, who are facing the highest inflation since 1981.

Ministry of Finance proposes reduction of green tax on petroleum

18:48 | 17/06/2022 Finance

VCN - The Ministry of Finance has consulted ministries and agencies to report to the Government and the National Assembly Standing Committee on the reduction of green tax on petrol and oil to the floor level, said the Deputy Minister of Finance Ta Anh Tua

Minister of Finance Ho Duc Phoc: reduction of petrol and oil prices requires comprehensive solutions

20:08 | 06/06/2022 Headlines

VCN - Speaking at a discussion session on the performance of the socio-economic development plan and the state budget in 2021 at the National Assembly hall on June 2, reviewing the implementation of Resolution 42/2017/QH14 on piloting bad debt settlement

Is a green tax reduction of VND1,000/liter for petroleum appropriate?

11:01 | 08/03/2022 Finance

VCN - According to the Deputy Minister of Finance, the green tax reduction for petroleum products will contribute to harmonizing the interests of people and businesses, helping reduce production costs and consumption costs for people.

Tax exemption and reduction for petroleum need careful review

10:03 | 03/03/2022 Finance

VCN – According to Assoc. Prof. Dr. Dinh Trong Thinh, Senior Lecturer at Academy of Finance, the tax exemption and reduction for petroleum needs reviewing carefully to ensure social justice as well as state budget revenues.

“Leverage” for businesses and the economy

12:10 | 20/02/2022 Finance

VCN – Speaking to Customs News, Dr. Mac Quoc Anh, Vice President of the Anti-counterfeiting Fund, Director of the Institute of Economics and Business Development, said the VAT reduction policy has met the financial requirements for management agencies, pe

Upgrading invoicing software to meet regulations on reducing VAT rate

09:56 | 10/02/2022 Regulations

VCN - Resolution 43/2022/QH15 takes effect from January 11, 2022 to December 31, 2023. Tax authorities have provided guidance on making invoices for those eligible for VAT reduction.