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tax

SACOMBANK, VNPAY launch digital payment, tax-filing solutions for businesses

SACOMBANK, VNPAY launch digital payment, tax-filing solutions for businesses

Designed to be simple and user-friendly, they help optimise payments, sales management, electronic invoicing, and banking connectivity, facilitating the digitalisation of business activities.
New SMEs to enjoy CIT exemption for three years

New SMEs to enjoy CIT exemption for three years

New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
New e-commerce law expected to curb online trade fraud

New e-commerce law expected to curb online trade fraud

Between 2020 and 2025, authorities nationwide detected and handled about 120,000 - 190,000 cases of smuggling, trade fraud and counterfeit goods each year with trade fraud accounting for the largest share of around 79-88 per cent.
E-commerce platform operators must submit 2025 activity reports by January 15

E-commerce platform operators must submit 2025 activity reports by January 15

The purpose is to support statistical compilation and assessment of the current status and effectiveness of the sector’s development during the year.
Millions set to benefit from personal income tax reduction from 2026

Millions set to benefit from personal income tax reduction from 2026

Under the amended Law on Personnal Income Tax, the personal deduction will rise to VNĐ15.5 million (US$590) per month from VNĐ11 million at present. Taxpayers are also entitled to mandatory insurance deductions and contributions to charity and humanitarian funds.
Ministry proposes full bank account reporting by household businesses

Ministry proposes full bank account reporting by household businesses

The aim of the proposal is to strengthen tax administration and improve cash flow transparency.
Yearly tax collection exceeds 82 billion for the first time

Yearly tax collection exceeds $82 billion for the first time

Statistics showed that tax revenue totalled VNĐ2.15 quadrillion as of December 14, 25 per cent higher than the plan set at VNĐ1.719 quadrillion.
Decree regulates corporate income tax incentives

Decree regulates corporate income tax incentives

A CIT rate of 15 per cent applies to enterprises with a total revenue in the preceding year of not more than VNĐ3 billion (US$114,000), while a CIT rate of 17 per cent applies to enterprises with a total revenue in the...
Hà Nội strengthens support for businesses to complete tax obigations

Hà Nội strengthens support for businesses to complete tax obigations

The Hanoi Support Centre for Enterprise and Investment Promotion (SCE) in coordination with the Hà Nội Department of Finance, held a seminar on corporate taxation on December 5 to help businesses in the capital adapt to ongoing tax reforms and an evolving...
Lawmakers discuss proposal to raise revenue threshold exempt from tax for business households

Lawmakers discuss proposal to raise revenue threshold exempt from tax for business households

The Government proposed raising the revenue threshold exempt from tax for business households from VNĐ200 million (over US$7,580) to VNĐ500 million per year.
Small gold tax proposed to prevent speculation

Small gold tax proposed to prevent speculation

Under the proposal, sellers would be required to pay tax based on the total transfer value of each deal, regardless of whether the transaction results in a profit or a loss.
Ministry proposes increasing tax-free revenue threshold for household businesses to VNĐ500 million

Ministry proposes increasing tax-free revenue threshold for household businesses to VNĐ500 million

The VNĐ500 million threshold would allow 90 per cent of household businesses to be exempted from paying tax and reduce the tax burden on them by an estimated sum of VNĐ11.8 trillion per year.
Amended VAT Law expected to pass

Amended VAT Law expected to pass

Under draft law, enterprises will not have to pay 5 per cent VAT on unprocessed agricultural products traded at the commercial stage, helping to reduce financial pressure and increase business efficiency.
Agricultural associations petition for VAT law amendments

Agricultural associations petition for VAT law amendments

The VAT Law, effective from July 1, applies ‘a pay first, refund later’ mechanism on VAT, causing major difficulties for the business community.
Ministry considers taxing household businesses on profits, not revenue

Ministry considers taxing household businesses on profits, not revenue

The Ministry of Finance said on Tuesday it is considering taxing household businesses on profits rather than on total revenue after the revenue-based taxation system caused a stir among the public.