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Thuế giá trị gia tăng VAT

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Finance ministry mulls raising income threshold for taxing household businesses

Finance ministry mulls raising income threshold for taxing household businesses

The Ministry of Finance is considering raising the income threshold for value-added tax for household businesses by 50% to account for inflation.
Government extends 2-point VAT cut until mid-2024

Government extends 2-point VAT cut until mid-2024

The cut in value-added tax from 10% to 8% will remain in force through the first half of next year for most industries, according to a new government decree.
December 30, 2023 | 02:30 am PT
71 business leaders tried in $2.6B VAT fraud case

71 business leaders tried in $2.6B VAT fraud case

100 people, including 71 company leaders, showed up at a court in the northern province of Phu Tho on Tuesday morning to be tried in Vietnam’s biggest ever VAT fraud case.
December 18, 2023 | 11:51 pm PT
Samsung tax refund delayed for two years in HCMC

Samsung tax refund delayed for two years in HCMC

A Samsung subsidiary based in Ho Chi Minh City has not received a VAT refund of US$44 million for two years due to red tape.
August 16, 2023 | 07:47 pm PT
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.
May 15, 2023 | 09:00 pm PT
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
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
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
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
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
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
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
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
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
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
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
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
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