Taxation

A draft resolution seeking a higher threshold for personal income tax (PIT) is being examined by Vietnam’s legislators to help its citizens cushion the impacts of the novel coronavirus disease (COVID-19) pandemic. The Ministry of Finance estimates that the yearly state budget revenue will fall ...

The collection of indirect taxes in Việt Nam is forecast to increase in the future while direct taxes is predicted to account for a smaller proportion, according to a Fair Tax Monitor Index report released by Vietnam Institute for Economic and Policy Research (VEPR) yesterday.Keep reading ...

According to the ASEAN Trade in Goods Agreement (ATIGA), Vietnam will have to cut 669 tariff lines to zero percent in January 2018.Keep reading ...

Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement.Keep reading ...

While the Vietnamese government is making great efforts to improve the country’s business and investment climate, unclear tax- and fee-related regulations are tormenting local firms planning to expand.Keep reading ...

Following the publication of the “Paradise Papers,” a trove of leaked documents detailing offshore investments, Vietnam’s tax authority plans to begin its review of implicated Vietnamese entities and individuals to identify those with any tax responsibilities at home.Keep reading ...