A draft amendment to the Personal Income Tax Law, which includes provisions on property transfers, is scheduled to be tabled at the next National Assembly session.
Government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Việt Nam a sustainable and long-term investment destination.
Minister of Finance Nguyễn Văn Thắng will chair two major events: the Vietnam-UK Investment Promotion Conference in London on September 16 and the Vietnam-Italy Investment Dialogue in Milan on September 18.
The reductions cover a wide range of areas, including public administration, construction, finance, healthcare, agriculture and environmental services.
A proposal to impose a 20-per-cent tax on profits from real estate transfers could negative impacts on the housing market and overall accessibility for homebuyers.
Việt Nam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).
Given the evolving economic landscape and changes in living standards, The Ministry of Finance is conducting a comprehensive review and assessment of the Personal Income Tax Law, which includes the consideration of family circumstance deductions.
The MoF emphasised the importance of amending and supplementing regulations on market manipulation in Decree 156 to align with current market realities.
Representatives from the MoF and the SBV said the state agencies appreciate contributions from credit institutions and state-owned enterprises across the country.
The proposal is under a MoF’s draft decree amending and supplementing Decree No. 132/2020/NĐ-CP regulating tax management for enterprises with related transactions.
The Ministry of Finance has proposed a bill to levy a new fixed tax on cigarettes in addition to the current excise tax of 75 per cent as the Government seeks to reduce consumption, but it has divided opinions.