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.
The Ministry of Finance will pilot electronic tax payments via payment service providers under a new circular on e-transactions for exports, imports, transit goods and vehicles in Việt Nam.
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.
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.
New regulations on taxes and fees for e-commerce platforms have officially taken effect from July, requiring sellers to quickly adapt by implementing three key measures to safeguard profits and maintain competitiveness.
The tax management system will transition from 20 regional tax branches to 34 provincial and centrally governed municipal tax offices and 350 grassroots tax units.
The reductions cover a wide range of areas, including public administration, construction, finance, healthcare, agriculture and environmental services.
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...
Although non-tariff and technical trade barriers aim to protect health, the environment and consumers, if they lack transparency or are not consistent, they can become invisible barriers that increase costs, prolong customs clearance times and risks for businesses.
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.
