Still no VAT hike proposal to aid business development
April 26, 2024 | 21:47
The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.
Current VAT rate may remain for foreseeable future
April 24, 2024 | 11:02
The government is to ask the National Assembly to continue with its current VAT rate of 8 per cent until the year’s end as part of the country’s efforts to assist enterprises currently facing operating obstacles.
VAT overhaul to boost agriculture prospects
April 24, 2024 | 10:53
Vietnam is set to revise its existing Law on Value-Added Tax with a reclassification of products in areas like agriculture and fisheries, with the hopes of making them more favourable in performance.
Rise in consumption likely with VAT accord
December 08, 2023 | 11:00
The National Assembly has extended the current VAT rate until the middle of next year as part of the country’s efforts to assist its enterprises and stimulate consumption.
Clarity sought on VAT reduction proposals
November 23, 2023 | 10:23
The proposal to reduce VAT by 2 per cent has received conflicting responses.
Intra-group restructuring transactions and their potential tax implications in Vietnam
October 05, 2023 | 11:06
Tax director Lac Boi Tho and tax assistant manager Dinh Thi Phuong Hien from Grant Thornton Vietnam discuss the tax implications of intra-group restructuring.
Businesses craving tax refund
August 28, 2023 | 11:34
Enterprises are struggling with their tax rebates long overdue.
Wood exporters pleading for VAT refund resolution
August 23, 2023 | 09:24
Central-run authorities have given drastic directions to speed up VAT refunds for numerous businesses, especially struggling wood exporters.
Tax authority returns nearly $3 billion in VAT
August 08, 2023 | 13:35
In the first seven months of 2023, Vietnam's tax authority has refunded $2.93 billion in VAT to businesses.
Cambodia imposes VAT on cigarettes
August 03, 2023 | 15:05
The Cambodian Government has implemented a value-added tax (VAT) on cigarettes to combat the health risks associated with smoking and tobacco products.
Exporters being stifled by VAT tweaks
August 02, 2023 | 14:00
The constant changes of requirements for verification of records and invoices are being called too challenging for exporters, with businesses complaining that VAT refund procedures are becoming more baffling.
Banking organisations seek VAT reduction addition
August 02, 2023 | 10:53
The Vietnam Banks Association has proposed a 2 per cent VAT reduction for the entire banking sector, which is currently excluded from the list of sectors entitled to the tax cut.
Guidance necessary for the new VAT plan
July 04, 2023 | 10:05
Businesses are expecting another VAT reduction of 2 per cent from this month, along with clear guidance documents to ensure favourable implementation.
VAT refund delays tick off woodchip makers
June 15, 2023 | 13:00
A number of woodchip exporters in Vietnam are rejecting orders as they are waiting for more than $170 million in pending VAT refunds.
Leaders question validity of short-term VAT fix to support business community
June 12, 2023 | 12:38
With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.
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