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tax break

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Government endorses 2% VAT cut

Government endorses 2% VAT cut

The government has green-lighted a cut in value-added tax from 10% to 8% for the rest of this year, and will present it to lawmakers for approval.

Vietnam to impose value-added tax waiver from February

Vietnam to impose value-added tax waiver from February

Vietnam will cut its value-added tax by 2 percentage points to 8 percent starting Feb. 1 to boost recovery after two years of Covid-19 impacts.

Government to triple tax break, ease Covid pain

Government to triple tax break, ease Covid pain

The government plans to triple the tax break value to VND60 trillion ($2.62 billion) to boost the economy amid Covid-19 impacts.

December 24, 2021 | 06:00 pm PT

Vietnam considers $933 mln tax break

Vietnam considers $933 mln tax break

The government is considering a VND21.3 trillion ($932.66 million) tax break, including value-added and corporate income tax, to boost economic recovery after the fourth Covid-19 wave.

September 16, 2021 | 04:22 pm PT

Lowering taxes to attract FDI is a ‘race to the bottom’: experts

Lowering taxes to attract FDI is a ‘race to the bottom’: experts

Competing for foreign investment with tax incentives will end up hitting governments’ revenues and be a lose-lose situation for all ASEAN members, experts warn.

November 15, 2020 | 05:07 pm PT

Tax cut to businesses of little use since most are losing: experts

Tax cut to businesses of little use since most are losing: experts

Providing a 30 percent income tax cut to all businesses regardless of scale will not be of much benefit since most are making losses, analysts warn.

September 16, 2020 | 06:43 pm PT

Government mulls 30 pct tax break for small businesses

Government mulls 30 pct tax break for small businesses

The Vietnamese government plans to cut corporate income tax for small businesses by 30 percent this year to mitigate the damage wreaked by the coronavirus pandemic.

June 10, 2020 | 11:11 pm PT

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