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Lawmakers want all international e-commerce orders taxed on entry

Lawmakers want all international e-commerce orders taxed on entry

Lawmakers have proposed levying a value-added tax on the five million cross-border orders delivered from China daily, each worth less than VND1 million (US$39).
Fuel retailers falsify accounts to evade tax: government inspectors

Fuel retailers falsify accounts to evade tax: government inspectors

Personal income tax revenues drop for first time in 10 years

Personal income tax revenues drop for first time in 10 years

More global digital platforms pay taxes in Vietnam

More global digital platforms pay taxes in Vietnam

Seven four cross-border digital platforms, including Meta, Google, Netflix, and TikTok, have paid taxes of VND8.02 trillion (US$334.1 million) this year, more than double the amount last year.
November 5, 2023 | 06:11 pm PT
Toyota lobbies India to cut hybrid-car taxes as much as 21%

Toyota lobbies India to cut hybrid-car taxes as much as 21%

Japan's Toyota Motor is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they are far less polluting than petrol cars but do not get commensurate policy treatment, a company letter shows.
October 22, 2023 | 08:21 pm PT
FLC forced to pay $3.3M overdue taxes

FLC forced to pay $3.3M overdue taxes

The Hanoi Tax Department will reach into 19 bank accounts of property developer FLC to collect overdue taxes worth VND81.6 billion ($3.34 million.)
October 16, 2023 | 02:00 am PT
No special consumption tax on online games: government

No special consumption tax on online games: government

The government has rejected a proposal by the Ministry of Finance to slap a special consumption tax on online games and sought more scientific data to tax sugary drinks.
July 25, 2023 | 08:29 pm PT
Automaker’s tax deferred by 5 months

Automaker’s tax deferred by 5 months

The government has issued a decree to defer the special consumption tax payable by automakers until November.
June 22, 2023 | 12:58 am PT
Finance ministry still pushing online game tax

Finance ministry still pushing online game tax

The Ministry of Finance still wants a special consumption tax for online game production due to the products’ risk of addiction and negative health effects.
May 13, 2023 | 07:27 am PT
Indonesia lowers VAT on electric vehicles to 1%

Indonesia lowers VAT on electric vehicles to 1%

Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production,
April 3, 2023 | 12:57 am PT
Don't rely on tax incentives for FDI: analysts

Don't rely on tax incentives for FDI: analysts

Analysts say Vietnam should stop depending on tax incentives to attract FDI and instead focus on improving the business environment and quality of labor as a minimum corporate tax looms.
March 29, 2023 | 06:27 am PT
Tax on sugary drinks proposed for the benefit of people’s health: NA chairman

Tax on sugary drinks proposed for the benefit of people’s health: NA chairman

Vuong Dinh Hue, chairman of the National Assembly, told American businesses Thursday that the special consumption tax on sweetened beverages was proposed for the benefit of people’s health and not for earning revenue.
March 23, 2023 | 11:20 pm PT
Beverage industry lobbies against taxing sweetened drinks

Beverage industry lobbies against taxing sweetened drinks

Drink makers are lobbying against levying a special consumption tax on sweetened beverages, arguing that they do not contribute to health problems such as obesity.
March 15, 2023 | 03:30 pm PT
Prices of cars in Vietnam higher than Thailand due to taxes: industry ministry

Prices of cars in Vietnam higher than Thailand due to taxes: industry ministry

The selling price of cars in Vietnam are nearly double that of those in Thailand and Indonesia, according to the Ministry of Industry and Trade.
March 12, 2023 | 09:48 pm PT
No tax on 2nd property, ministry urges

No tax on 2nd property, ministry urges

The Ministry of Planning and Investment has advised HCMC not to tax the second property owned by people as it “does not guarantee fairness in many situations.”
March 1, 2023 | 08:29 pm PT
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