Tags: vat

Finance ministry to consider VAT of 5% on fertiliser

Finance ministry to consider VAT of 5% on fertiliser

The Ministry of Finance will consider a value-added tax (VAT) rate of 5% on fertiliser products which are now free of VAT in response to domestic producers’ claim that the zero VAT policy made it harder for them to compete.

Deadlines for tax and land use fee payments extended

Deadlines for tax and land use fee payments extended

Prime Minister Nguyen Xuan Phuc on April 8 approved Decree No 41/2020/ND-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.

Tourism industry to consider huge tax cuts for travel companies

Tourism industry to consider huge tax cuts for travel companies

Vietnam's Tourism Advisory Board (TAB) has proposed to halve value added tax (VAT) for the tourism sector from 10% to 5% to help businesses deal with the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19) outbreak.

Market issues ironed out for EVFTA

Market issues ironed out for EVFTA

The challenges on market access, circulation of products, and tax in the Vietnamese market are expected to be solved ahead of the European Parliament’s crucial vote for the ratification of the EU-Vietnam Free Trade Agreement scheduled for early 2020.

Vietnam’s ease of paying taxes improves: World Bank

Vietnam’s ease of paying taxes improves: World Bank

Thanks to the Government’s efforts to simplify tax compliance processes, Vietnam ranked 109th out of 190 countries and territories on ease of paying taxes in the World Bank’s Doing Business 2020 report (DB2020), up 22 places from the previous report.

Cassava exports plummet during five-month period

Cassava exports plummet during five-month period

VOV.VN - Vietnam’s exports of cassava and cassava-based products suffered a remarkable drop during the first five months of the year, according to the Ministry of Agriculture and Rural Development.

Proposed soft drink tax remains controversial

Proposed soft drink tax remains controversial

While the taxation agency insists on imposing a luxury tax on soft drinks, some experts warn that the move could lead to Vietnam being accused of discriminatory treatment.

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.

Producers want fertilizer to be subject to VAT

Producers want fertilizer to be subject to VAT

Fertilizer producers have petitioned lawmakers to add fertilizer to the list of products subject to value added tax (VAT), reports the website of the Ministry of Industry and Trade.

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.

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.

Enterprises plagued by unclear tax and fee regulations

Enterprises plagued by unclear tax and fee regulations

While the Vietnamese government is making great efforts to improve the country’s business and investment climate, unclear tax- and fee-related regulations are tormenting local firms planning to expand.

Experts: Fertiliser tax does more good than harm

Experts: Fertiliser tax does more good than harm

Following the implementation of a provisional tax on imported fertilisers, more things need to be done to help balance benefits of both local producers’ and farmers’ benefits, industry insiders have agreed.