tax

From January 1, 2025: 13 product codes increase export tax to 20%

14:23 | 29/12/2024 Regulations

VCN - According to the Export Tariff (XK) issued with Decree 26/2023/ND-CP, from January 1, 2025, there will be 13 commodity codes with an export tax rate of 20%.

Tax sector achieves revenue target of about VND1.7 million billion

18:32 | 21/12/2024 Finance

VCN - With the determination to accomplish the revenue collection to create resources for economic development under the Prime Minister's direction, the entire Tax sector has made efforts to perform the revenue collection in the last days of 2024.

Achievements in revenue collection are a premise for breakthroughs in 2025

09:57 | 18/12/2024 Customs

VCN - According to the Director of the Import-Export Duty Department Le Nhu Quynh, in 2024, the number of newly established enterprises rose in both quantity and registered capital. Therefore, the country's import-export turnover increased by 15.4% year-o

Answering many questions from businesses at dialogue conference on tax and customs policies

10:01 | 17/12/2024 Finance

VCN - Many opinions and recommendations related to tax and customs issues were raised by the business community at the dialogue on tax and customs policies and administrative procedures in 2024, organized by the Ministry of Finance.Representatives of the

Stimulate production and business, submit to the National Assembly to continue reducing 2% VAT

15:47 | 02/12/2024 Finance

VCN - According to the agenda of the 8th Session, at the meeting on the afternoon of November 28, 2024, Deputy Prime Minister Ho Duc Phoc presented the Report on the draft Resolution of the National Assembly on VAT reduction.

US businesses increase shrimp imports ahead of tax hike

11:05 | 29/11/2024 Import-Export

Shrimp exports to many major markets have grown positively, especially the US market has many positive signals as businesses in this country are increasing imports ahead of tax hike information.

Tay Ninh Tax Department fines two FDI companies for false tax declaration

13:49 | 28/11/2024 Anti-Smuggling

VCN - According to the inspection results, in 2023, B.I.V Company Limited (Go Dau District, Tay Ninh Province), invested by China, falsely declared Corporate Income Tax worth more than VND2.4 billion and Personal Income Tax worth VND 235 million, leading

Launching virtual assistants to support taxpayers

17:50 | 23/11/2024 Finance

VCN - According to the Hanoi Tax Department, the department manages 236,000 enterprises and 235,000 business households and over 10 million personal tax codes.

Policy adaptation and acceleration of digital transformation in tax and customs management

10:03 | 14/11/2024 Regulations

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.

Budget revenue is about to be completed for the whole year estimate

08:34 | 13/11/2024 Finance

VCN - After 10 months of 2024, the budget collection progress has almost completed the assigned estimate for the whole year. From now until the end of the year, the entire Finance sector is striving to achieve the revenue exceeding the set target.

State revenue collection poised to surpass annual target

10:11 | 12/11/2024 Finance

With ten months of 2024 behind us, Vietnam’s state budget revenue is on track to exceed the year’s target.

Propose many solutions to shorten tax refund time

09:32 | 07/11/2024 Finance

VCN - Data from the General Department of Taxation shows that in the first 9 months of 2024, the Tax authority issued 13,762 VAT refund decisions with a total refund amount of VND 101,167 billion, equal to 59.2% of the decentralized tax refund estimate in

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

08:54 | 30/10/2024 Regulations

VCN - The representative of the Vietnam Fertilizer Association cites data from the Ministry of Finance, as saying that about VND10,000 billion of VAT has not been deducted from business expenses from 2015 to present.

Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

11:34 | 27/10/2024 Regulations

Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.

Applying tax on animal feed ingredient faces problems due to specialized regulations

10:17 | 21/10/2024 Regulations

VCN - According to Hai Phong Customs Department, some products such as palm oil, soybean oil, corn starch, sugar, whey, milk,... may be used for many purposes such as direct food for humans or used as raw oil for production of food, paint, plastic product