value added tax

Preventing refund fraud of value-added tax

14:24 | 24/12/2022 Finance

Prevention of fraud and profiteering to appropriate value-added tax (VAT) refunds is one of the key tasks of the tax sector to prevent loss of revenue for the state budget.

Are imported goods that have not been used, processed and must be re-exported subject to tax refund

10:03 | 04/04/2022 Regulations

That is the question of Tuong Nguyen Import-Export Trading Service Co., Ltd. related to imported goods that have not been used, processed but must be re-exported (type code B13).

Overseas suppliers web portal is coming soon

09:00 | 20/03/2022 Finance

The General Department of Taxation has built, trialed and is preparing to launch a web portal for overseas suppliers earning income from Vietnam to register, declare and pay tax.

More than 139,000 businesses and individuals have tax payment deadlines extended

12:38 | 10/12/2021 Finance

By the end of November, the Tax sector has extended deadlines of tax and land rent payments totalling more than VND92.8 trillion following Decree No. 52/2021/ND-CP of the Government.

Regulating value-added tax refund for investment projects in exploiting natural resources and minerals

19:57 | 15/10/2021 Regulations

The Ministry of Finance proposes regulating more clearly VAT refunds for investment projects exploiting natural resources and minerals.

More than VND78.5 trillion of tax and land rent has been extended by the tax authority

09:29 | 11/10/2021 Finance

According to General Department of Taxation, by end of September 2021, the tax authority has extended deadlines of tax and land rent payment with an amount of about VND78,501 billion.

Suggest separate regulations on customs procedures for goods transactions via e-commerce

10:17 | 01/04/2021 Regulations

Electronic commerce (e-commerce) activities in Vietnam are booming with very high annual growth.

The General Department of Taxation points out a number of value-added tax refund fraud

19:54 | 15/03/2021 Anti-Smuggling

VCN- According to the General Department of Taxation, there have been reports of tax departments with high-risk VAT refunds in some firms that have imported goods (electronic components and computers) with similar design and specifications.

Notice on deadline of tax payment extended under Decree 41/2020/NĐ-CP

19:57 | 14/09/2020 Finance

The tax authority notified taxpayers of the extension of the tax payment deadline under Decree 41/2020/NĐ-CP must re-pay tax amount on time to avoid a charge of late payment.

Hai Phong Customs decreases in revenue collection of nearly VND 4,500 billion

12:10 | 08/06/2020 Customs

Although there have been many efforts to implement reforms facilitating import-export activities and promoting measures to combat loss of revenue has resulted in a sharp decrease in revenue collection of Hai Phong Customs

Business households have been offset Family Circumstance Deduction when calculating Personal Income Tax

09:36 | 07/04/2020 Finance

VCN- Recently, the Ministry of Finance drafted a resolution of the Standing Committee of the National Assembly on adjusting Family Circumstance Deduction level for personal income taxpayers.

Ministry backs down on VAT

20:29 | 18/01/2018 Regulations

Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.

Many fraud tricks of Value Added Tax

08:46 | 26/02/2017 Finance

There are many reasons leading to purchasing goods without bills, in which, the main reason is that loose laws create many loopholes

Enterprises must meet the requirements for Value Added Tax refund on exported goods

08:56 | 08/12/2016 Regulations

Questions of enterprises on the determination of the allocation rate for Corporate Income Tax, the VCN-General Department of Taxation said, Circular 78/2014/TT-BTC dated June 18, 2014 of the Ministry of Finance guiding on Corporate Income Tax regulates th

In November: landlords in Hanoi and HCMC must do online tax declaration

17:52 | 18/10/2016 Regulations

The Minister of Finance has issued Decision No. 2128 / QD-BTC on the pilot of value-added tax and personal income tax online declarations for individual house rentals.