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VAT increase not promote economic growth: report

VAT increase not promote economic growth: report

Increasing value-added tax (VAT) does not help boost economic growth, but it can increase the poverty rate, said a report announced by the Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University in Hanoi on June 28.

Finance Ministry backs down on VAT

Finance Ministry backs down on VAT

Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.

KPMG Vietnam kicks off annual tax seminars

KPMG Vietnam kicks off annual tax seminars

The KPMG Vietnam Tax Institute 2017 series held its first session in Ho Chi Minh City recently, covering the most pressing issues of Vietnam’s tax system.

NA election day slated for May 22

NA election day slated for May 22

The National Assembly Standing Committee has declared Sunday May 22 as election day for deputies to the NA (14th tenure), and the People’s Councils at all levels for the 2016-2021 tenure.

Fertiliser firms seek VAT waiver on inputs

Fertiliser firms seek VAT waiver on inputs

Domestic fertiliser makers say they will face difficulties if they are not granted exemptions from value-added tax on input materials they need for production.

Tax incentives proposed for spurring travel industry

The Ministry of Culture, Sports and Tourism has proposed the Government halve value-added tax (VAT) and exempt or cut corporate income tax by 50% for enterprises joining a planned tourism promotion programme in the last three months of this year and throughout next year, the Saigon Times Daily reported.

Key measures to revive economy

Key measures to revive economy

Ministries, agencies and localities should iron out snags in business production, support the market and solve bad debts.