Amid increasingly complex smuggling, trade fraud and illegal cross-border transport activities, the Department of Customs has strengthened inspections and issued warnings targeting high-risk commodities.
The Ministry of Finance has proposed a risk-based taxpayer classification system while reaffirming requirements for banks to share account information with tax authorities to strengthen compliance, transparency and tax administration.
According to the department, statistics show that more than 50 per cent of taxpayers classified as “not operating at registered addresses” currently owe less than VNĐ1 million.
The Ministry of Finance is seeking feedback on a draft circular to abolish 23 circulars and three decisions in the tax sector in order to harmonise with the current legal system.
Researching and gradually implementing tax management based on cash flow analysis is becoming an inevitable trend among many modern tax authorities around the world.
Việt Nam’s tax authority has launched a nationwide drive to clean up tax data, speed business closures and tackle inactive firms to improve transparency and efficiency.
The Cần Thơ City tax department is stepping up digital transformation efforts, focusing on the expansion of the eTax Mobile application and electronic invoices as part of a broader push to modernise tax administration and improve the regime.
Minister of Finance Ngô Văn Tuấn has called on the Department of Taxation to apply AI and big data to improve tax management while ensuring tax collection maintains public trust, as the government pursues ambitious revenue targets.
The White Book provides a comprehensive overview of Việt Nam’s current tax system in line with international practices, including direct taxes, indirect taxes and sector-specific levies.
Việt Nam’s state budget revenue reached an estimated VNĐ1,114 trillion (US$42.84 billion) in January-April, equivalent to 44 per cent of the full-year plan and up 15.2 per cent from a year earlier, the Ministry of Finance reported on May 4.
Under Decree No. 141/2026/NĐ-CP, the household businesses with annual revenue of VNĐ1 billion or less will not have to pay personal income tax and value-added tax.
The revised law, which amends provisions in personal income tax, value-added tax, corporate income tax and special consumption tax legislation, was passed with 466 out of 488 participating deputies voting in favour.
Lawmakers back raising the tax-free threshold for household businesses to VNĐ1 billion, while calling for clearer rules, safeguards against abuse and greater policy transparency.
