According to the Ministry of Finance, the move aims to increase transparency, reduce arbitrariness in tax collection and gradually integrate household businesses into the formal economy.
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.
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...
The year 2025 marked a significant surge in usage, with more than 7 million new registrations - 1.2 times the combined figure of the previous three years.
Under the proposal, household and individual businesses with annual revenue of VNĐ1 billion or more would be required to use e-invoices with a tax authority code or invoices generated from cash registers connected to the tax authority’s database, in line...
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...
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.
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.
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.
The need for a unified, transparent, and internationally compatible green finance taxonomy has become more urgent than ever as Việt Nam pursues its commitment to achieving net-zero emissions by 2050, positioning green capital flows as a key driver of sustainable economic growth, according to...
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.
