The ministry suggested that the policy, expected to boost the economy, should be applied until December 31.

Businesses applauded the Government’s decree on tax payment deadline extension which helps them to have capital for maintaining production and ensuring workers’ benefits.

State Budget would lose VND35 trillion (US$1.5 billion) in the last six months of 2023 should the bill pass in the NA.

The Ministry of Finance (MoF) has again proposed that a special consumption tax be imposed on sugary drinks, excluding milk and nutritional drinks, in the latest draft amended Law on Special Consumption Tax.

National Assembly Chair Vuong Dinh Hue has requested consideration of a suggestion to add banking, securities and real estate businesses to the list of business fields subject to a reduction of the value-added tax (VAT) from 10 percent to 8 percent.

Experts believe that exempting or reducing personal income tax (PIT) will help attract specialists and scientists to work for hi-tech zones.

The government is drafting a National Assembly resolution on slashing the value added tax to 8% from the current 10% to support businesses and people.

The Vietnam Chamber of Commerce and Industry (VCCI) has made a renewed call for the Ministry of Finance (MoF) to eliminate the special consumption tax (excise tax) on gasoline.

The government has agreed in principle to reduce the value added tax (VAT) by 2% to 8%.

A 15 percent global minimum corporate income tax (CIT) will put Vietnam in a difficult position.

The Government, for the fifth time, has decided to extend the payment deadline for enterprises to pay value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent amounting to over VND112 trillion.

The Government has requested the Ministry of Finance to evaluate the impact of a global minimum effective corporate tax on the nation’s budget revenue and foreign investment attraction, and on foreign investors.

Businesses have been long asking for additional support from the government to help speed up economic recovery and to cope with recent difficulties.

The Vietnam Digital Content Creation Alliance (DCCA) has proposed a zero-percent VAT on digital content produced to serve foreign markets and viewers, applied to both individuals and businesses.

A number of changes has been proposed to Vietnam's preferential tax policies by the Ministry of Finance (MoF).

OECD and Vietnam on March 22 signed the world’s most wide-reaching international treaty for multilateral tax cooperation, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC).

The Ministry of Finance (MOF) is collecting opinions on the draft for the Law on Corporate Income Tax (CIT), with an emphasis on tax incentives for multinationals.

Enterprises urge careful consideration to be given to the Ministry of Finance’s proposal to impose a special consumption tax on sugary drinks to ensure harmonisation of benefits between the State, consumers and producers.

The beverage sector has called for a delay in Vietnam’s proposed tax increase on alcohol as the industry is at risk from high inflation, increased material costs, and low demand.

The Vietnamese government is expeditiously offering the business community assistance in the form of tax relief schemes and other payment extensions.