National Assembly approves resolution on special mechanisms, policies for private economy development

National Assembly approves resolution on special mechanisms, policies for private economy development

The National Assembly adopted a Resolution on special mechanisms and policies for private economy development at its ongoing sitting in Ha Noi on May 17.
Finance ministry proposes tax deferral for businesses

Finance ministry proposes tax deferral for businesses

The Ministry of Finance proposed deferring nearly VND102 trillion (over US$3.99 billion) worth of value-added tax, corporate income tax, personal income tax and land rents by six months.

Tax revenue surpasses 1.7 quadrillion VND

Vietnam’s tax sector has collected a record-high revenue of 1.7 quadrillion VND (66.7 billion USD) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.

HCM City real estate tax revenue jumps 50%

Revenue from personal income tax and registration fees associated with real estate transactions in Ho Chi Minh City has surged by 50% to reach over 6.54 trillion VND (257.6 million USD) in the first nine months, according to data from tax authorities.

Nineteen State-owned enterprises estimate pre-tax profit of over 2 bln USD

Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach 50.36 trillion VND (2.08 billion USD) in the first nine months of the year.

Challenges of collecting e-commerce tax losses

Digital transformation is an inevitable trend that changes the way goods and services are consumed and supplied, especially activities on digital platforms, making tax management more complicated.

Companies urged to apply IFRS to take opportunity for international expansion

Companies should apply international financial reporting standards (IFRS) to improve transparency and increase the chances to expand globally, experts have said.

Foreign suppliers pay US$161 million of tax in nearly 7 months

From January 1-July 15, as many as 103 foreign suppliers registered, declared and paid taxes worth VND4.039 trillion (nearly US$161 million) through the electric portal for foreign suppliers, reported the General Department of Taxation.

Domestic car manufacturers may get tax extension

The Ministry of Finance has recently put forward a proposal to extend the time limit for paying excise tax on domestically produced or assembled cars.

Online sales tax collection over 22 million USD in 2023

Revenue from e-commerce for domestic organisations and individuals reached 536.5 billion VND (over 22 million USD) this year, reported the General Department of Taxation (GDT).
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