tax rate

Impact and opportunity of global minimum tax

09:40 | 06/03/2023 Finance

VCN - If the global minimum tax is applied, more than 1,000 businesses in Vietnam will be affected. Therefore, there is a need to develop a specific and appropriate plan to ensure Vietnam's tax levy rights as well as to attract foreign investment.

VAT rate of 5% applies to veterinary medicine

10:59 | 18/02/2023 Regulations

VCN - According to provisions at Point 1, Clause 2, Article 8 of the Law on VAT, preventive and curative medicines are subject to the 5% VAT rate.

Proposal to adjust tax rate of imported raw material for producing petroleum

17:47 | 30/10/2022 Regulations

The Ministry of Finance has proposed to amend tax rates for a number of items to stabilize the market and stabilize the source of domestically produced raw materials for oil products.

Mixed views on global minimum corporate tax rate

18:46 | 05/07/2022 Import-Export

The Organisation for Economic Cooperation and Development (OECD) two-pillar solution has introduced a global minimum corporate tax rate (GMCT) of 15 per cent applicable from 2023, but experts have mixed positions on the tax.

Strictly handling cases of not reducing VAT

10:38 | 13/02/2022 Finance

Tax sector will coordinate with competent forces to strictly handle cases of not reducing VAT in accordance with Decree 15/2022/NĐ-CP.

Reducing land rent in 2021 for those hit by Covid-19 pandemic

09:35 | 28/10/2021 Finance

VCN – The 30% reduction of the land rent is calculated on the payable land rent after it has been reduced in accordance with the law.

Tax rates on supplies, raw materials and semi-finished products to be altered

19:14 | 08/08/2021 Regulations

VCN - The Ministry of Finance has proposed revising the tax rates on supplies, raw materials and semi-finished products in the Export Tariffs.

MoF proposes to revise preferential import and export tax rates for items

10:28 | 23/07/2021 Finance

VCN – The draft provides two articles and key four content groups. Accordingly, it will revise preferential import and export tax rates for some items with a sharp increase in price.

Impose special consumption tax on pick-up car

14:10 | 07/07/2021 Regulations

VCN-The GDVC cites Circular 65/2017/TT-BTC and refers to the HS 2017 of the World Customs Organization saying pick-up cars for transport of people is under heading 87.03 and pick-up cars for transport of goods under heading 87.04.

Enterprises allowed to amend, add information, tax rates under EVFTA Tariffs

09:40 | 13/11/2020 Customs

VCN - According to regulations, enterprises and customs declarants can make amendments and supplements to customs declaration and submit documents related to amendments to customs declaration information and will be fined for administrative violations.