Tags: vat

7-percent inflation predicted for 2013

7-percent inflation predicted for 2013

(VOV) - The National Financial Supervision Committee has forecast that Vietnam’s inflation rate in 2013 will be controlled at less than 7 percent.

State budget down 1.9 pct in two months

State budget down 1.9 pct in two months

State budget revenue dropped by 1.9 percent in the first two months of the year to US$5.52 billion, accounting for 14.1 percent of the year’s estimated total.

Deflation likely to continue in second half

Deflation likely to continue in second half

The falling inflation index in the first half of this year is attributed to unanticipated factors and the lack of middle and long-term strategies for stable economic growth.

Vietnam to boost exports with VAT refund scheme

Vietnam to boost exports with VAT refund scheme

Taxation bodies, customs agencies, treasuries, the two chosen commercial banks and enterprises have been making hectic preparations for the implementation of the pilot plan on refunding VAT to foreigners.

VAT cut of 50 pct tipped

The Ministry of Finance will consider slashing the value added tax (VAT) by 50 percent in an effort to support businesses during the economic slowdown, said Finance Minister Vuong Dinh Hue.

Overseas remittances exempt from VAT

Overseas remittances exempt from VAT

The Ministry of Finance has affirmed that the State will not impose the 10-percent value added tax (VAT) on overseas remittances and foreign currencies channelled through banks.