VAT

Proposing not to reduce VAT for all goods and services

13:45 | 22/05/2023 Finance

VCN - Receiving comments from the Standing Committee of the National Assembly at the meeting on May 13, the Government has just submitted a report to the National Assembly on continuing to implement the value-added tax reduction policy (VAT) of 2% accordi

Foreign passengers are refunded about VND34 billion of VAT

15:27 | 19/05/2023 Customs

VCN - According to HCM City Customs Department, in April, the department refunded VAT on goods bought by 1,390 foreigners and overseas Vietnamese on exit with a total tax refund of over VND10 billion.

Government proposes National Assembly consider 2% reduction in VAT in coming agenda

15:43 | 04/05/2023 Finance

The Government has proposed the National Assembly (NA) to consider a 2% reduction in the value-added tax (VAT) on goods and services subject to a 10% VAT during its coming meeting stated to start on May 22.

MoF proposes to reduce by 2% VAT rate in 2023

09:22 | 13/04/2023 Regulations

VCN- The option 1, the Ministry proposes to reduce the 2% VAT rate for goods and services subject to a 10% tax rate to 8%.

MoF proposes to expand tax base

10:24 | 17/03/2023 Finance

VCN - According to the MoF, the Ministry will amend and supplement regulations in Article 5 to narrow the entities not subject to VAT; revise Article 8 of the Law on VAT to narrow the 5% taxable entities.

Removing difficulties in the implementation of VAT policy

15:10 | 27/02/2023 Regulations

VCN - For businesses to understand and strictly comply with the regulations on the declaration of value-added tax (VAT) rate for import and export goods, the General Department of Customs has continuously issued guiding documents, which is considered an i

HCM City Customs refund about VND7 billion of taxes for exit passengers

13:56 | 24/02/2023 Customs

VCN - Accordingly, 1,152 foreigners and oversea Vietnamese residents have been refunded VAT of about VND7 billion.

VAT rate of 5% applies to veterinary medicine

10:59 | 18/02/2023 Regulations

VCN - According to provisions at Point 1, Clause 2, Article 8 of the Law on VAT, preventive and curative medicines are subject to the 5% VAT rate.

Already extending and exempting hundreds of thousand billion dong

12:17 | 10/12/2022 Finance

According to the Ministry of Finance, by the end of November 2022, the total amount of extended tax will be nearly VND106 trillion.

Destroyed goods in bonded warehouses not required to declare for tax payment

14:20 | 04/12/2022 Regulations

If goods are preserved and the enterprise destroys them in bonded warehouses and complies with the condition as prescribed, enterprises shall not declare for tax payment of import duty and VAT.

VAT refund needs to be reviewed and verified

09:02 | 30/11/2022 Finance

VCN - Mr. Tran Quang Hai, Vice Chairman of Viet An Investment Group Joint Stock Company, said VAT refund is a key policy of the Party and State for farmers and the agricultural industry.

Facilitating customs clearance for petroleum

08:45 | 18/10/2022 Customs

VCN – Petroleum is a necessity for production and living activities, so the import procedures and customs clearance for petroleum is always facilitated by Customs, said the General Department of Customs.

Most ministries agree to reduce the excise tax on gasoline and VAT on petrol and oil

15:43 | 11/10/2022 Finance

Ministry of Finance said that all respondents agreed with the purpose and views of draft Resolution of the National Assembly on reducing excise tax on gasoline and value-added tax on petrol and oil

VND 13,533 billion of tax exempted and reduced

08:04 | 09/10/2022 Finance

VCN - As of August 31, the Customs exempted VND3.86 billion import duty for imported products.

Banks announced "huge" profit

14:44 | 29/08/2022 Finance

VCN - The bank's total assets reached approximately VND1.6 quadrillion, up 13.4% compared to 2021.