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

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

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

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

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

Tens of thousands of billions of tax is reduced and extended

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?

Why did excise tax on petroleum not adjust?

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

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

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

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

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

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

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

Businesses look forward to Government’s direct support

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

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

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

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

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.
Will some business groups be subject to a tax reduction of 30% in 2021?

Will some business groups be subject to a tax reduction of 30% in 2021?

VCN – The extended amount of taxes, fees and land rent to support businesses in 2021 is VND138 billion. Of the figure, about VND118 trillion was extended.
Tax sector intensively reduces land rent tax in 2020

Tax sector intensively reduces land rent tax in 2020

The General Department of Taxation has requested tax departments to implement Decision No.22/2020/QĐ-TTg of the Prime Minister on the reduction of land rent tax
“Latching” to cut 30% of corporate income tax need to be paid in 2020-09-28

“Latching” to cut 30% of corporate income tax need to be paid in 2020-09-28

The Government has promulgated Decree No.114/2020/NĐ-CP on reducing corporate income tax need to be paid in 2020 for enterprises
Decree guiding reduction of corporate income tax of 2020 coming soon

Decree guiding reduction of corporate income tax of 2020 coming soon

The Ministry of Finance is collecting comments on the draft decree of the Government regulating the implementation of the National Assembly's Resolution on the reduction of payable corporate income tax of 2020
Many factors cause reduction of revenue collection at Dong Nai Customs Department

Many factors cause reduction of revenue collection at Dong Nai Customs Department

As of July 14, the total amount of revenue collection of Dong Nai Customs Department was VND 7,849 billion, 40.7% of the assigned target in 2020 (VND 19,300 billion)
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