vietnam's tax policy

Update news vietnam's tax policy

La Vie mineral water company hit with $2.8 million tax bill

La Vie, Vietnam's leading bottled water company, faces a $2.8 million tax bill after authorities discovered miscalculations in taxes and fees from 2016 to 2020.

Proposal to tax second and subsequent homes under consideration

The Ministry of Finance (MOF) continues to research and identify problems and inadequacies in the implementation of tax policies related to real estate.

Vietnam targets Agoda, Airbnb, PayPal, and Booking.com for tax compliance

The General Department of Taxation has named key foreign platforms operating in Vietnam without fulfilling tax obligations, including Agoda, Airbnb, PayPal, and Booking.com.

Agoda, Airbnb, Booking and PayPal must register with tax authorities

These four digital e-commerce platforms have operated in Việt Nam for years but have failed to register for tax purposes via the tax authority’s electronic portal.

Four foreign suppliers not yet complete tax registration

The GDT reported that, to date, 120 foreign suppliers have registered, declared, and paid taxes via a portal dedicated to them, with a total amount of nearly 8.7 trillion VND (342.7 million USD) in 2024.

Tax authorities enforce compliance for 76,000 online sellers

Vietnam’s tax authorities have fined 30,000 online sellers a total of $50.7 million after auditing their e-commerce activities for tax compliance.

Vietnam ends tax-free status for low-value imports sent via express services

From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under 1 million VND ($40) sent via express delivery, under a new government directive.

Vietnam PMI stands at 49.8 in December

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped below the 50.0 no-change mark for the first time in three months during December 2024, to be at 49.8 from 50.8 in November.

Tax evasion tricks in online sales could result in hefty penalties

Vietnam’s tax authorities warn online sellers against evasion schemes like the “cicada shedding its skin,” emphasizing the risks of fines and revenue loss.

Businesses to benefit from reduced VAT rates through June 2025

The Vietnamese government has issued a decree extending the VAT reduction for eligible goods and services to 8%, effective from January 1, 2025, through June 30, 2025.

Ministry proposes extending agricultural land tax exemption through 2030

The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas.

NA approves fuel environmental tax cut for another year

The National Assembly (NA) Standing Committee has issued a resolution on Vietnam’s environmental protection tax rates for petrol, oil, and lubricants in 2025, keeping in effect a tax cut introduced to support the economy post pandemic.

Foreign suppliers pay nearly 8.7 trillion VND in taxes this year

A total of 120 foreign suppliers have registered, declared, and paid taxes worth more than 8.68 trillion VND (341 million USD) through the General Department of Taxation (GDT)’s e-portal this year.

E-commerce and livestreaming under tax scrutiny in Ho Chi Minh City

Amid a booming e-commerce market, tax authorities in Ho Chi Minh City have reviewed 35 livestream sellers, including celebrities, collecting significant sums, with one beauty queen paying $192,000 in taxes.

New tax rules may restrict travel for 81,000 individuals in Vietnam

With new tax rules taking effect in 2025, individuals and businesses with significant overdue debts may face restricted mobility until they fulfill their obligations.

Ministry proposes raising tax debt threshold for exit bans to VND50 million

Exit bans for overdue tax debts in Vietnam may soon apply only to cases exceeding VND50 million ($2,000), following adjustments by the Ministry of Finance.

Film industry anticipates difficulties because of VAT hike

Investors in the film industry are not pleased about the decision to raise the VAT rate on culture and art products from 5 percent to 10 percent, saying that the tax rate will hinder the development of the industry.

Tax, customs issues plague businesses; authorities commit to accountability

Businesses at a tax and customs dialogue detailed persistent issues costing them billions, with authorities responding with commitments to improve.

More tax law reforms needed to address e-commerce challenges

The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.

Ministry of Finance studies taxation of unused and multi-property ownership

The Ministry of Finance is evaluating tax policies for unused and multiple properties, aiming to curb speculation and promote efficient real estate use.