Businesses have been facing many difficulties in claiming goods eligible for the government’s two per cent tax cut, said Đậu Anh Tuấn, deputy secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI) and head of its legal department.

Vietnamese tax authorities are urging individuals earning incomes from e-commerce and social media platforms, especially through livestreaming, to fulfil their tax obligations.

The Ministry of Justice held a meeting to appraise the draft resolution of the National Assembly on VAT reduction, which was chaired by Deputy Minister Tran Tien Dung.

Deputy Minister of Finance Nguyen Duc Chi said that sellers who make livestreams on online marketplace must pay tax.

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure individuals and businesses fulfill their tax payment obligations.

Some legislators on May 25 proposed the 2% reduction in value-added tax (VAT) under a resolution of the National Assembly (NA) be extended to continue supporting the country's socio-economic recovery and development.

The vast majority of those are being imported through e-commerce platforms, including some of the largest in the country such as Shopee, Lazada and TikTok, with combined value reaching billions of dollars monthly.

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.

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.

Taxation policies are hailed as effective measures in curbing the consumption and harmful effects of sugary drinks.

Some experts have pointed out that the current taxation scheme is hindering the repatriation of antique items, and that a tax exemption will help solve the problem.

The General Department of Taxation has implemented a combination of solutions to prevent tax revenue loss in e-commerce sector.

The Government has decided not to apply the mixed tax regime on beer and alcohol products.

The National Assembly’s Standing Committee has requested the government to draw up a plan on taxing owners of many houses and land plots, as well as real estate speculators.

E-commerce has greatly boosted consumption in Vietnam lately, and the wise management of tax in this sector can bring back a large amount of budget revenue and ensure a healthy business environment for economic growth.

The VNBA made the move last week as, under a draft policy on VAT reduction for the first six months of next year, the credit institutions do not...

The government has recently given the green light to the Ministry of Finance's proposal to extend the VAT cuts of 2 per cent into the first half of 2024.

The General Department of Taxation has announced the list of top 1,000 corporate income taxpayers (V.1000) in Vietnam in 2022.

The Ministry of Finance has recently proposed the current environmental tax cut on fuel be expanded until late 2024 in an attempt to stabilize fuel prices in the domestic market and manage inflation.

Up to 58 foreign service providers have paid taxes in Viet Nam via the portal https://etaxvn.gdt.gov.vn/nccnn/Reques, according to the General Department of Taxation.