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taxation

Việt Nam enhances dialogue on tax, customs policies with Korean businesses

Việt Nam enhances dialogue on tax, customs policies with Korean businesses

The event, attended by around 50 Korean businesses in Việt Nam, provided s on tax and customs regulations to help firms comply with laws and protect their interests.
State budget revenue rises nearly 28 per cent in first nine months

State budget revenue rises nearly 28 per cent in first nine months

The total State budget revenue for the first nine months of 2025 is estimated at nearly VNĐ1.9 quadrillion (US$71.2 billion), up 27.9 per cent over the same period last year and equal to 96 per cent of the annual estimate.
Small firms, household businesses to get support in shift to revenue-based tax

Small firms, household businesses to get support in shift to revenue-based tax

The Ministry of Finance is drafting a decree to implement the National Assembly’s resolution on promoting private sector development, including measures to provide free digital platforms and shared accounting software for SMEs, household businesses and self-employed individuals.
Maximum fine of VNĐ80 million proposed for violating invoice regulations

Maximum fine of VNĐ80 million proposed for violating invoice regulations

The highest fines, from VNĐ60 million to VNĐ80 million, will be applied in cases where businesses failed to issue 50 or more invoices when selling goods or providing services, according to regulations.
Nearly 1,500 household businesses converted into enterprises in six months

Nearly 1,500 household businesses converted into enterprises in six months

The tax authority is piloting the use of digital identity accounts for organisations to access e-tax services, with a nationwide rollout expected before July 2025.
Some electronic tax systems suspended until July 1 for upgrade

Some electronic tax systems suspended until July 1 for upgrade

According to the department, the upgrades are aimed at meeting the requirements of reorganising tax agencies according to the two-tier local administration model from July 1 this year.
Tax revenues from individual and household businesses increased on tax crackdown

Tax revenues from individual and household businesses increased on tax crackdown

Taxes collected from e-commerce rose strongly by 55 per cent year-on-year to reach VNĐ75 trillion in January–May.
E-commerce platforms to collect and pay taxes for online sellers from July 1

E-commerce platforms to collect and pay taxes for online sellers from July 1

E-commerce platforms in Việt Nam will be required to collect and pay value added tax (VAT) and personal income tax (PIT) on behalf of individual and household sellers, according to a new Government decree.
Foreign suppliers pay nearly VNĐ8.7 trillion in taxes this year

Foreign suppliers pay nearly VNĐ8.7 trillion in taxes this year

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.
Tax revenue surpasses VNĐ1.7 quadrillion

Tax revenue surpasses VNĐ1.7 quadrillion

Việt Nam’s tax sector has collected a record-high revenue of VNĐ1.7 quadrillion (US$66.7 billion) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.
E-commerce platforms may be asked to pay taxes on behalf of sellers

E-commerce platforms may be asked to pay taxes on behalf of sellers

Requiring e-commerce platforms to declare and pay taxes on behalf of sellers is feasible because the platforms own information about sellers'' successful transactions, revenues and fees, tax authorities say.
Taxation authority to hold dialogue with taxpayers in five localities

Taxation authority to hold dialogue with taxpayers in five localities

The General Department of Taxation will organise a direct dialogue with taxpayers from five provinces and cities to hear feedback on the practical implementation of current tax policies.
Tax sector provides solutions to support victims of Typhoon Yagi

Tax sector provides solutions to support victims of Typhoon Yagi

The General Department of Taxation has sent a document to 26 tax departments outlining solutions to support organisations, individuals and businesses suffering losses due to Typhoon Yagi and related flooding.
Tax watchdog wants to develop a portal to manage individuals and households doing e-commerce business

Tax watchdog wants to develop a portal to manage individuals and households doing e-commerce business

The General Department of Taxation is working on developing an e-portal for individuals and business households which run e-commerce business to facilitate their tax registration, declarations and payments.
Temporary exit suspension due to tax debts applied for some people

Temporary exit suspension due to tax debts applied for some people

Not all individuals who owe taxes will have their departure delayed, the process only applies to a small number, according to the General Department of Taxation.