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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.
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
Alcoholic drink producers want tax hikes delayed

Alcoholic drink producers want tax hikes delayed

The Vietnam Beer, Alcohol & Beverage Association has called for delaying a proposed tax increase on liquor saying the industry has yet to recover from the effects of Covid.
February 27, 2023 | 06:51 pm PT
Property tax changes under consideration

Property tax changes under consideration

Several property tax changes are being considered to curb speculation and bring down real estate prices that have been surging for years.
February 25, 2023 | 07:46 pm PT
Finance ministry again moots tax on sweetened beverages

Finance ministry again moots tax on sweetened beverages

The Ministry of Finance is again considering imposing a tax on sweetened beverages eight years after failing to get other ministries’ backing for it.
February 23, 2023 | 09:11 pm PT
Tax office obtains data about 53,200 vendors from e-commerce platforms

Tax office obtains data about 53,200 vendors from e-commerce platforms

The General Department of Taxation has gathered information about 53,200 individuals and 14,875 organizations who sell products on e-commerce platforms like Shopee, Lazada and Sendo to tax them.
February 11, 2023 | 12:00 am PT
Vietnam considering taxing land and buildings separately

Vietnam considering taxing land and buildings separately

The government is considering taxing land and buildings separately as Vietnam’s property tax remains low compared to other countries.
February 1, 2023 | 05:00 am PT
Vietnam collects $146M in taxes from online platforms such as Facebook, Google

Vietnam collects $146M in taxes from online platforms such as Facebook, Google

Forty-two foreign suppliers, including Facebook, Google and TikTok, have paid VND3.44 trillion ($146.40 million) in taxes to Vietnam this year, according to the new portal of the General Department of Taxation.
December 15, 2022 | 11:35 pm PT
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