tax reduction

Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

09:00 | 24/11/2024 Regulations

The Ministry of Finance proposed to continue reducing 2% of VAT on groups of goods and services currently subject to a tax rate of 10% in the first 6 months of 2025.

Perfecting the law on import and export tax towards exemption and reduction for the right subjects

15:00 | 05/11/2024 Customs

According to Deputy Director General of Vietnam Customs Luu Manh Tuong, there are still many issues to take full advantage of FTAs including the need to perfect legal policies on import and export taxes

State revenue in 8 months increased by about 18%

16:16 | 05/09/2024 Finance

VCN - According to the Ministry of Finance, the total revenue is estimated at VND101.3 trillion, meeting 6% of the estimate, and 57.5% of the average revenue of the first 7 months of the year.

Customs implements VAT reduction policy from July 1st

15:58 | 01/07/2024 Regulations

To implement the contents relating to customs field, General Department of Vietnam Customs requested local customs departments to reduce VAT for group of commodities as stipulated at Decree 72/2024/NĐ-CP.

Proposal to continue reducing VAT by 2% to support people and businesses

08:16 | 12/05/2024 Regulations

The Government has just submitted a proposal to the National Assembly for consideration, allowing to the continued implementation of the policy of reducing the VAT rate by 2% in the last 6 months of 2024

Customs will upgrade Tax exemption, reduction and refund systems to ensure effective performance

17:29 | 11/04/2023 Regulations

The General Department of Vietnam Customs said that they had reviewed the overall functions and professional problems to upgrade the Tax exemption, reduction and refund system

The Ministry of suggests continuing floor level of environmental protection tax for petrol and oil

10:38 | 13/12/2022 Finance

The Ministry of Finance has completed the draft Resolution of the Steering Committee of National Assembly on the rate of environmental protection tax for petrol, oil, and grease in 2023.

Tens of thousands of billions of tax is reduced and extended

08:39 | 15/10/2022 Finance

The tax sector has implemented many policies on tax exemption, reduction and extension that are issued by the National Assembly and the Government in order to support enterprises

Why did excise tax on petroleum not adjust?

10:46 | 25/06/2022 Finance

The Ministry of Finance suggested that there will be no immediate adjustment on excise tax for petroleum.

Vietnamese honey cannot compete in the US despite the deep reduction in taxes

20:10 | 06/05/2022 Import-Export

Although the anti-dumping duty (ADD) that is applied to Vietnamese honey exported to the US in the recent conclusion has been reduced many times

There have been many policies on tax exemptions and deductions to support people and businesses

19:32 | 05/03/2022 Finance

VCN - Before these recommendations, the Ministry of Finance informed voters about solutions to support taxes, fees, and land rent for people and businesses affected by the Covid-19 pandemic.

VAT reduction will reduce pressure on price level after Lunar New Year

12:00 | 09/02/2022 Finance

VCN - The CPI in January rose 1.94% and core inflation increased by 0.66% compared with the previous year. The price of nine out of 11 main goods and services saw a month-on-month increase.

Businesses look forward to Government’s direct support

19:20 | 14/10/2021 Import-Export

Ho Chi Minh City businesses want to receive the Government’s support through tax reduction, tax relief and loan interest support

Tax exemption and reduction policies are necessary for businesses at this time

09:19 | 31/08/2021 Finance

It needs to have close support from tax authorities so that people and businesses could approach support policies in any circumstances.

Recommendations for specific, long-term support for small and micro enterprises

19:52 | 16/08/2021 Import-Export

The Chamber of Commerce and Vietnam Industry (VCCI) emphasised the need to pay more attention to small and micro enterprises due to their weak resilience.