TAX
Traders suffer lightly with tax exemption threshold below VND500 million
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HCMC - The tax payment threshold has been increased from VND500 million/year to help reduce pressure on small business households.
5% VAT on fertilizers will affect people's meals
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National Assembly deputies are concerned that applying a 5% VAT will affect the meals of people, especially poor workers and laborers.
Hanoi directs to have tax incentives and exemptions when abolishing contract tax
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Hanoi strengthens the implementation of activities related to converting tax models and management methods for business households when eliminating contract tax.
Local tax authorities simultaneously participate in supporting business households in conversion
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Local tax authorities support business households (HKD) to convert from contract tax to declaration.
Proposal to remove regulations on tax refund conditions
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The Government proposes to remove the regulation requiring sellers to declare and pay value-added tax (VAT) for invoices issued to businesses to request tax refunds.
Enterprises in Ho Chi Minh City complain about waiting many months for tax feedback
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Many businesses in Ho Chi Minh City have encountered difficulties in implementing tax policies and have been promptly guided and resolved by competent authorities.
The Government maintains the proposal to apply the highest personal income tax at 35%
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The Government proposes to reduce the personal income tax rate with level 2 to 10% and level 3 to 20%, while keeping the tax rate of level 5 at 35%.
Switzerland opposes new inheritance tax, fears of the super-rich leaving the country
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With an overwhelming 78% of voters against, Swiss voters have rejected the proposal to impose a 50% inheritance tax on the super-rich to protect their position as a global financial center.
Vietnam and Angola sign Minutes of First Round of the Agreement on avoiding double taxation
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The negotiating delegation of the Agreement on avoiding double tariffs between Vietnam and Angola has completed the first round of negotiations.
Tax authorities urgently support taxpayers in localities affected by storms and floods
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The Tax Department has sent an official dispatch to the Taxpayers of provinces and cities requesting urgent support for taxpayers who have suffered losses due to storms and floods.
The interests of workers must be the principle in all tax management activities
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On November 24, Director of the Tax Department Mai Xuan Thanh issued a number of instructions at a meeting to deploy automatic personal income tax refunds.
The tax sector accompanies and supports business households in smooth conversion
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Deputy Director of the Tax Department Mai Son has just issued instructions on the implementation of the Completion of the Experience Portal for business households.
The taxable revenue threshold for business households will be recalculated
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The Minister of Finance said that the taxable revenue threshold will be recalculated so that business households do not feel disadvantaged compared to those working for a salary.
Proposal to exempt and reduce taxes for individuals affected by natural disasters and epidemics
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The National Assembly delegate proposed that there should be a provision stipulating tax exemption, reduction, and extension for at least 3 years for households and individuals affected by natural disasters.
Affirming the spirit of proactiveness and transparency in tax obligations
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Vietnam is entering a very important stage when converting from a contract household model to a comprehensive tax declaration model.
