Value Added Tax
Individuals with business income will be exempt from VAT and personal income tax
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Official dispatch 4613/CT-CS of the Ministry of Finance's Tax Department stipulates the group of subjects not subject to VAT and corporate income tax.
Business households temporarily off due to not being able to adapt to taxes and electronic invoices
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Many business households choose to temporarily retire instead of applying electronic invoices, because they cannot adapt to changes in taxes and new declaration methods.
07 new points of the Law on Value Added Tax to be applied from 1.7.2025
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From July 1, many important regulations on VAT will change according to the Law on Value Added Tax 2024, directly affecting businesses and consumers.
Proposal to extend the policy of reducing VAT by 2% by the end of 2026
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In the submission of the National Assembly's Resolution on reducing value-added tax (VAT), the Ministry of Finance proposed to continue extending the 2% VAT reduction until the end of 2026.
Subjects whose tax and land rent payment deadlines will be extended in 2025
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The Government extends the payment period for value added tax, corporate income tax, personal income tax and land rent in 2025.
Research to expand VAT reduction subjects
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The Prime Minister requested research and proposals to expand the subjects of tax reduction and value-added tax reduction to be applied in the last 6 months of 2025 and 2026.
Commercial bank inspectorate has a backyard of enterprises
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The Government requires more acceleration in inspection work, especially joint stock commercial banks with backyards of real estate enterprises and enterprises.
Procedures for implementing value added tax reduction?
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Reader tungphanxxx@gmail.com asked: What are the procedures for implementing value-added tax reduction in the first 6 months of 2025?
Value added tax reduction until June 30, 2025
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Reduce value added tax on groups of goods and services currently subject to a tax rate of 10% from January 1, 2025 to June 30, 2025.
Deputy Prime Minister: Feeling sad when discussing tax reduction
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Deputy Prime Minister Ho Duc Phoc said he felt sad when discussing tax reduction because the most important thing is how to make businesses richer and more enthusiastic when contributing to the budget.
The budget for the first 6 months of 2025 may decrease by 26,000 billion VND
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The majority of opinions in the Finance and Budget Committee agreed with the proposal to continue allowing the application of the value-added tax (VAT) reduction policy.
Only businesses with revenue over 200 million/year must pay VAT
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According to the revised Law on Value Added Tax (VAT), business individuals with annual revenue of less than VND 200 million are not subject to VAT.
Proposal to put votive paper and plastic bags under special consumption tax
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Discussing in the group, delegate Duong Minh Anh (Hanoi delegation) expressed high agreement with the proposal to make votive paper and votive goods subject to special consumption tax.
Extending the time to increase tax on alcohol and beer to harmonize the interests of three parties
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Many opinions discussed the proposal to postpone the special consumption tax on alcohol and beer to ensure the harmonious interests of "the state, businesses and people".
The Government will regulate the threshold of revenue not subject to VAT
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Vice Chairman of the National Assembly Nguyen Duc Hai said that the regulation of the annual revenue threshold that is not subject to unified tax will be assigned to the Government.
