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tax

New digital tax assistant to reduce compliance burdens for firms

New digital tax assistant to reduce compliance burdens for firms

The information technology project, which is expected to be completed in 2028, will connect tax administration systems with businesses’ accounting software to enable tax declarations to be prepared more automatically and allow companies to focus more on management and business...
VIB reports 8% rise in nine-month pre-tax profit

VIB reports 8% rise in nine-month pre-tax profit

VIB''s total assets reached nearly VNĐ600 trillion at the end of September, up 8 per cent from the start of the year. Outstanding loans rose 8 per cent to more than VNĐ411 trillion, while customer deposits increased 9 per cent...
Tax authority reviews compliance costs for retailers switching to tax declarations

Tax authority reviews compliance costs for retailers switching to tax declarations

Mai Xuân Thành, director of the Việt Nam Tax Authority, said the authority will continue gathering feedback from businesses and monitoring implementation to identify shortcomings.
Government proposes a 0.2 per cent tax on unused and abandoned land to NA

Government proposes a 0.2 per cent tax on unused and abandoned land to NA

Under the proposal, the 0.2 per cent rate would apply to the entire area of land classified as abandoned, unused or put into use late, with no preferential threshold for land within prescribed limits.
Ministry pledges further tax, customs reforms to address firms concerns

Ministry pledges further tax, customs reforms to address firms’ concerns

The annual tax and customs dialogue, held regularly since 2008, had provided an important channel for businesses to raise concerns and discuss practical solutions with regulators with policy discussions translated into concrete measures.
Tax policies take centre stage in drive for double-digit growth

Tax policies take centre stage in drive for double-digit growth

The challenge is not simply to reduce the tax burden, but to ensure that businesses turn the resources released into investment, innovation, jobs and higher productivity
SME revenue threshold proposed to be raised to 15.2 million

SME revenue threshold proposed to be raised to $15.2 million

A longside the increase in the annual revenue ceiling toVNĐ400 billion, the maximum total capital threshold is proposed to VNĐ150 billion from VNĐ100 billion
Cash payments do not change businesses tax obligations

Cash payments do not change businesses’ tax obligations

Cash payments are not in themselves a tax violation, but using them to conceal sales or avoid issuing invoices can lead to tax and invoicing penalties, experts said.
Tax authorities seek dialogue with foreign-invested firms over tax policy

Tax authorities seek dialogue with foreign-invested firms over tax policy

Taxation is not simply an expense for long-term investors who also need clear policies, predictable obligations and consistent implementation, as well as mechanisms for dialogue and resolving problems.
Banks to gain access to tax data for credit assessment

Banks to gain access to tax data for credit assessment

The General Department of Taxation and the National Credit Information Centre of Vietnam (CIC) have signed a cooperation agreement on exchanging and using data to a framework for closer information sharing between the tax and banking sectors.
Ministry proposes details of 30 per cent tax cut for households, businesses

Ministry proposes details of 30 per cent tax cut for households, businesses

The reduction is part of the effort to provide timely support to small-scale businesses and enterprises, which continue to face difficulties.
Ministry proposes lowering tax exemption threshold to VNĐ100,000 for imports amid e-commerce boom

Ministry proposes lowering tax exemption threshold to VNĐ100,000 for imports amid e-commerce boom

The threshold for tax exemption is proposed to be lowered to VNĐ100,000 (US$3.8) in value or VNĐ10,000 in export tax payable per shipment.
VN steps up tax code clean-up, helps businesses resume operations with clear legal status

VN steps up tax code clean-up, helps businesses resume operations with clear legal status

Beyond data management, the clean-up is aimed at improving tax administration and prevent the misuse of legal entities for invoice trading, tax evasion and fraud.
US soy eyes bigger role in food, aquaculture supply chains

US soy eyes bigger role in food, aquaculture supply chains

US soy is used directly in food products such as tofu, soy milk, soy skin and soy flour, while significant volumes are imported for use in feed for poultry, livestock and farmed seafood.
NA approves 30 per cent income tax cut for small businesses in 2026-27

NA approves 30 per cent income tax cut for small businesses in 2026-27

Individuals and businesses with annual revenue of no more than VNĐ10 billion (US$380,000) in 2026 and 2027 will be given a tax reduction of 30 per cent.