The output reduction of the Tax Incentive Program for automobile manufacturing and assembly has not been considered

The output reduction of the Tax Incentive Program for automobile manufacturing and assembly has not been considered

VCN - According to the Ministry of Finance, the proposal to continue reducing the output of the current Tax Incentive Program for automobile manufacturing and assembly is not appropriate.
Understanding commitments to make effective use of tariff preferences to implement FTAs

Understanding commitments to make effective use of tariff preferences to implement FTAs

VCN - Workshop on Effective implementation of commitments on preferential export tax and special preferential import tax of Vietnam in implementing free trade agreements (FTAs) has just been held by the Department of International Cooperation (Ministry of
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN - Cuba is a potential market that has diversified import and export needs and does not require strict technical standards. However, the two-way trade turnover between the countries sees a low rate. Therefore, there is still a lot of space for developm
Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

VCN - After a long time of implementation and many changes in reality, it is time to amend the Law on Corporate Income Tax (CIT) to remove difficulties for production and business activities, and open up and promote resources for economic and social devel
Enterprises must comply with regulations to enjoy import and export tax incentives

Enterprises must comply with regulations to enjoy import and export tax incentives

VCN - According to Mr. Pham Tuan Anh, economic development requires an amendment to the list of goods classification for imports and exports.
Maximizing benefits from strict compliance with commitments on import and export tax incentives

Maximizing benefits from strict compliance with commitments on import and export tax incentives

VCN - Customs held a talk show “Take advantages of import and export tax incentives in FTAs to boost economic growth”.
Enterprise, Customs face difficulties in implementing tax incentives for recycled products

Enterprise, Customs face difficulties in implementing tax incentives for recycled products

VCN - According to the Law on Environmental Protection and tax–related policies, export products manufactured from recycling and waste treatment activities are entitled to tax incentives. However, the Natural Resources and Environment Agency has not issue
23 businesses applying for tax incentives under Decree 57/2020

23 businesses applying for tax incentives under Decree 57/2020

VCN - By the end of September 2021, the Customs has received applications from 23 enterprises for joining the tax incentive program for imported components for production and assembly of automobiles and supporting industrial products as prescribed in Arti
Prioritizing Vietnamese enterprises to increase textile and garment orders

Prioritizing Vietnamese enterprises to increase textile and garment orders

As a Vietnamese export field with tens of billions of US dollars, in the first six months of the year, textile and garment enterprises are very busy with abundant orders.
Tax incentives for supporting industries: Waiting for businesses to take advantage

Tax incentives for supporting industries: Waiting for businesses to take advantage

VCN- Production and business revenue reached more than VND900,000 billion, contributing nearly 11% of the total revenue of the whole processing and manufacturing industry.
Proposed to consider further extending tax incentives for automobile manufacturing and assembly

Proposed to consider further extending tax incentives for automobile manufacturing and assembly

VCN - Deputy Prime Minister Le Van Thanh assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, reviewing the implementation of the tax incentive program for automobile manufacturing and assembly
To give business tax incentives to reality

To give business tax incentives to reality

tax incentives in Vietnam are still interwoven with "bright areas" and "dark areas", requiring master planning in the shortest time.
Strong reforms in tax incentives needed

Strong reforms in tax incentives needed

VCN – If Vietnam wants to attract new-generation investors and more closely align tax incentives with investment efficiency, strong reforms in tax incentive policies are needed, Senior Tax Specialist of the World Bank Nguyen Viet Anh said.
Decree 18/2021/ND-CP specifying tax incentives for processing activities, export production

Decree 18/2021/ND-CP specifying tax incentives for processing activities, export production

VCN- Guidance on the implementation of the Law on Import and Export Taxes, effective from April 25, 2021, has concretized many provisions related to tax incentives for processing, export production, import and export activities.
Vietnamese garments made with Korean fabrics to enjoy tax incentives in EU

Vietnamese garments made with Korean fabrics to enjoy tax incentives in EU

Local garments and clothing items made using fabrics from the Republic of Korea (RoK) are set to enjoy lower tariffs than in the EU, according to a statement issued on February 8 by the Korean Ministry of Trade, Industry and Energy.
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