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Taxonomy

Thuế giá trị gia tăng VAT

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Government excludes property, banking sectors from VAT rebate proposal

Government excludes property, banking sectors from VAT rebate proposal

The government has excluded property, banking, securities, insurance, and telecommunications from the list of sectors to be given a 2% value-added tax rebate in July-December this year.
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.
April 18, 2023 | 12:02 am PT
Philippines to offer value-added tax refund to foreign tourists by 2024

Philippines to offer value-added tax refund to foreign tourists by 2024

Philippines President Ferdinand Marcos has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors, the Presidential Communications Office (PCO) said on Sunday.
January 29, 2023 | 05:03 pm PT
Tax authorities set eyes on “Flappy Bird” creator’s bank account

Tax authorities set eyes on “Flappy Bird” creator’s bank account

Hanoi tax authorities are seeking to collect more taxes from Nguyen Ha Dong, developer of world phenomenon Flappy Bird, said Nguyen Quang Tien, deputy director of the department of taxation reform under the General Taxation Department.
April 14, 2016 | 02:09 am PT
The tax debate: Why raising VAT in Vietnam is just a bad idea

The tax debate: Why raising VAT in Vietnam is just a bad idea

Rising public debt and budget losses can't be solved by a simple tax hike, argues a research fellow at the Harvard Kennedy School.
September 2, 2017 | 02:15 am PT
Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. 
September 2, 2017 | 09:00 am PT
Low-income earners in Vietnam will bear the brunt of VAT increase: VCCI

Low-income earners in Vietnam will bear the brunt of VAT increase: VCCI

The tax increase will enlarge the rich-poor divide and do more harm than good to society and the economy, the group says.
October 9, 2017 | 09:00 am PT
Vietnam’s ministry back on track with proposal to raise VAT

Vietnam’s ministry back on track with proposal to raise VAT

Its suggestion to raise the tax came out last year and faced strong opposition.
January 5, 2018 | 01:32 am PT
Vietnam’s VAT hike could plunge thousands into poverty

Vietnam’s VAT hike could plunge thousands into poverty

Large households with children and the elderly over 80, as well as people with insufficient education deemed most at risk.
July 1, 2018 | 01:00 am PT
GrabBike riders strike over increased commission rate

GrabBike riders strike over increased commission rate

Hundreds of GrabBike riders on Monday turned off their app and gathered at the company’s office to protest its increased commission rate after the government raised tax.
December 7, 2020 | 01:28 am PT
Gojek Vietnam raises fares after tax regime change

Gojek Vietnam raises fares after tax regime change

Ride-hailing company Gojek has raised fares by 8.3-10 percent following the recent revamp of the value-added tax regime, which requires it to pay more.
December 12, 2020 | 02:00 am PT
New Grab policy cuts drivers’ income, hikes user fees

New Grab policy cuts drivers’ income, hikes user fees

Although Grab leaders have claimed they are “on the same boat” as their drivers, the recent increase in fares and commission have reduced drivers’ income while users pay more.
December 15, 2020 | 01:22 am PT
Businesses to get $926 mln tax waivers, reduction

Businesses to get $926 mln tax waivers, reduction

Lawmakers have decided to offer businesses affected by Covid-19 a 30-percent reduction in income tax and value-added tax and waive late-payment fees in 2020 and 2021.
October 21, 2021 | 12:40 am PT
Value-added tax to be cut to 8 pct from February

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1.
January 14, 2022 | 08:00 pm PT
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.
January 29, 2022 | 12:30 am PT
 
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