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Vietnam tax
Vietnam collects $231 mln in taxes from online platforms

Vietnam collects $231 mln in taxes from online platforms

The Finance Ministry said online platforms including Facebook and Google have paid VND5.59 trillion (US$231.6 million) in taxes from 2018 to August this year.
Health ministry proposes sugar threshold for tax on sweetened drinks

Health ministry proposes sugar threshold for tax on sweetened drinks

National Assembly approves 2-point VAT cut

National Assembly approves 2-point VAT cut

Online platforms pay $166M in tax in Vietnam

Online platforms pay $166M in tax in Vietnam

Vietnam collected VND3.94 trillion (US$166.5 million) in taxes from 57 foreign online platforms including Google, Apple, Facebook, Netflix, and TikTok in the first half of this year.
July 22, 2023 | 10:50 pm PT
Vietnam plans to extend VAT cut until end-June 2024: govt

Vietnam plans to extend VAT cut until end-June 2024: govt

The Vietnamese government said on Tuesday it plans to extend a reduction in value added tax (VAT) until the end of June next year to boost domestic consumption and production as the global economy remains sluggish.
October 17, 2023 | 09:09 pm PT
TikTok, Facebook, and other foreign service providers pay $575M in taxes

TikTok, Facebook, and other foreign service providers pay $575M in taxes

Foreign service providers including Google, Facebook, and TikTok, have paid VND14.572 trillion (US$575 million) in taxes, according to the General Department of Taxation.
April 28, 2024 | 01:00 am PT
Income tax refunds mired in red tape

Income tax refunds mired in red tape

The procedures for claiming a tax refund is too complicated for many taxpayers, so much so that some prefer to forgo the money altogether to avoid the hassles.
June 5, 2024 | 12:15 am PT
Corporate income tax on smaller enterprises might be cut to as little as 15%

Corporate income tax on smaller enterprises might be cut to as little as 15%

The corporate income tax on small and micro-sized enterprises might be cut to 15-17% from a current common rate of 20%, depending on previous revenues.
June 21, 2024 | 04:49 pm PT
Google, Facebook, other foreign giants pay $159M taxes online

Google, Facebook, other foreign giants pay $159M taxes online

Companies that engage in e-commerce and other digital businesses without having an establishment in Vietnam have paid taxes of VND4.04 trillion (US$158.9 million) online in 2024, up 18.5% year-on-year.
July 9, 2024 | 12:53 am PT
Tax collection from online vendors rises by 54%

Tax collection from online vendors rises by 54%

Tax collection from online sellers rose 54% year-on-year in the first half to VND9.98 trillion (US$392 million) as the government cracks down on tax evasion by e-commerce sellers.
July 10, 2024 | 02:31 am PT
Tax-evading livestream sellers to face police action

Tax-evading livestream sellers to face police action

Individuals who earn money from livestream sales but do not pay taxes will be reported to the police, the General Department of Taxation of Vietnam warns.
July 30, 2024 | 01:26 am PT
Finance ministry proposes lower income tax rate for micro, small enterprises

Finance ministry proposes lower income tax rate for micro, small enterprises

The finance ministry has suggested lowering the corporate income tax rate from 20% to 15-17% for micro and small enterprises with annual revenues of less than VND50 billion (US$1.99 million).
August 8, 2024 | 01:41 am PT
Finance ministry mulls tax on multiple property ownership

Finance ministry mulls tax on multiple property ownership

The Ministry of Finance will study the feasibility of taxing people who own multiple properties to curb real estate speculation, its deputy minister has said.
September 29, 2024 | 06:20 pm PT
Individuals with $2,000 tax debt might be banned from leaving Vietnam

Individuals with $2,000 tax debt might be banned from leaving Vietnam

The Ministry of Finance has proposed barring individuals and business owners from leaving Vietnam if they owe at least VND50 million (around US$2,000) in taxes.
December 20, 2024 | 10:13 pm PT
Foreign suppliers pay nearly $341M in taxes in 2024

Foreign suppliers pay nearly $341M in taxes in 2024

A total of 120 foreign suppliers have registered, declared, and paid taxes worth more than VND8.68 trillion (US$340.6 million) through the General Department of Taxation’s e-portal this year.
December 30, 2024 | 08:44 pm PT
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