TAX
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.
The Tax Department is determined to launch a 60-day campaign to support business households in converting
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A vibrant atmosphere took place at tax authorities at all levels with the focus on deploying civil servants to support businesses (HKD).
Opening up opportunities for a breakthrough from converting contract tax to declaration
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Business households converting from contract tax to declaration is the right step for sustainable development and increased revenue.
Need to review how to calculate taxes for individuals doing business with a revenue of 200 million VND
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Delegate Tran Hoang Ngan proposed to stipulate that business households with revenue must be at least 300-400 million or more to be subject to personal income tax.
Business households will self-declare taxes according to invoices and actual revenue
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The Government proposes that households and individuals do business self-declare, calculate and pay taxes according to invoices and actual revenue, instead of the current contract tax mechanism.
