Chinese market demand is diverse, favouring products where Gia Lai holds competitive advantages including coffee, durian, passion fruit, black pepper and coconut.
In the draft, the ministry proposes two reform options, both of which would apply the lowest tax rate of 5 per cent to taxable monthly income of VNĐ10 million (US\$400) after deductions.
In the draft amended Law on Personal Income Tax, the Ministry of Finance has proposed expanding the list of taxable incomes beyond the 10 categories currently stipulated in existing legislation.
Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.
These changes follow the passing of several amended tax laws, including the revised Law on VAT, Law on Corporate Income Tax, Law on Personal Income Tax and Law on Special Consumption Tax. The s are seen as a major reform...
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.
As part of its review for personal income tax reforms, the proposal is outlined in the ministry’s recent report sent to the National Assembly, in which two methods for calculating tax on property transfers are under consideration.
Under Decree 82, businesses and household businesses are eligible for a deferral on value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent.
Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
A total of 120 foreign suppliers have registered, declared and paid taxes worth more than VNĐ8.68 trillion (US$341 million) through the General Department of Taxation (GDT)’s e-portal this year, up by 26 per cent year-on-year and 74 per cent compared to the annual target.
The salt festival will also a platform for exchanging experiences and knowledge in production, processing and trading salt products and OCOP (One Commune, One Product) products across provinces.
Nearly 200 experts and scientists from universities and research institutes across Việt Nam, Japan, and other regional countries gather at an international scientific workshop that opened in the central city of Đà Nẵng on October 24 to strategise Việt Nam''s...
In supporting micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the tax rate to 15-17 per cent for those with a total revenue of no more than VND50 billion, instead...