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VAT
VAT related news updates
National Assembly agrees to continue reducing VAT by 2% until the end of 2026
From July 1, 2025 to December 31, 2026, the VAT rate will be reduced by 2% for groups of goods and services currently subject to a tax rate of 10%, down to 8%.
News
Submit to the National Assembly to reduce VAT by 2% until the end of 2026, continue to exempt agricultural land tax until 2030
On the morning of May 13, the National Assembly listened to submissions and reports on the proposal to continue reducing value-added tax and extending the exemption period for agricultural land use tax.
How to declare additional value added tax documents for imported and exported goods?
(Baonghean.vn) - Nghe An Tax Department has received a letter from Nghe An Import-Export Joint Stock Company asking about additional declaration of value added tax (VAT) for imported and exported goods.
VAT reduced to 8%, purchasing power begins to increase
(Baonghean.vn) - The policy of reducing value added tax (VAT) from 10% to 8%, applied from July 1, has led to a significant reduction in the prices of many goods and services. This is expected to be a "push" to help stimulate consumer demand and solve current market difficulties.
New policies effective from July 2023
(Baonghean.vn) - From July 1, reducing value added tax by 2%, increasing basic salary; increasing pension, social insurance benefits and monthly allowances;... are new policies that will take effect from July 2023.
Delayed VAT refund for cassava starch exporting enterprises, what does the Tax Department say?
(Baonghean.vn) - Recently, some cassava starch exporting enterprises in Nghe An have reported the delay in VAT refunds, causing many difficulties for enterprises. Relevant sectors need to soon find solutions to remove obstacles.
Timely removal of difficulties for export enterprises
(Baonghean.vn) - Although Nghe An's export turnover continues to grow, export enterprises are facing many difficulties and challenges.
Mr. Vu Thanh Tu Anh: VAT should be reduced across the board instead of interest rate support.
DNUM_BBZABZCACC 06:43
Sharing with reporters, Dr. Vu Thanh Tu Anh, Director of the Fulbright School of Public Policy and Management, said that this support package is necessary but should prioritize allocation for fighting the epidemic and maintaining the continuous openness of the economy.
Gas prices continue to rise for the third consecutive month
DNUM_ABZADZCABJ 11:20
Many gas trading companies have simultaneously announced an increase in retail gas prices, effective from March 1.
Why may electricity prices increase in the near future?
DNUM_CJZAJZCABI 06:27
With the additional cost of the electricity industry being so large, the price of this item may be adjusted next year.
Finance Minister: No VAT increase, further study on property tax
DNUM_CHZAFZCABI 08:00
The leaders of the Ministry of Finance affirmed that taxes will be studied in the direction of expanding the subjects, tax bases and reasonable tax rates.
In 2018, Nghe An will have to compensate more than 11,000 billion VND.
DNUM_CBZAFZCABI 10:57
(Baonghean.vn) - According to the state budget revenue and expenditure estimates of Nghe An, the total state budget revenue in 2018 must reach 12,691 billion VND (as assigned by the Provincial People's Council). Meanwhile, the local budget expenditure estimate for 2018 assigned by the Provincial People's Council is 23,779.8 billion VND, an increase of 12.3% compared to the estimate in 2017.
Domestic ATM withdrawal fees increase again
DNUM_AIZAFZCABI 05:52
From May 12, Agribank increased the domestic withdrawal fee from VND1,000 to VND1,500/transaction. If VAT is added, cardholders must pay VND1,650/transaction.
Hand-carried goods are about to "run out of space"?
DNUM_DAZAEZCABI 08:58
The General Department of Customs has just issued an official dispatch requesting to strengthen customs inspection and supervision of goods that are gifts and presents from foreign countries into Vietnam.
Low income people also have to pay property tax?
DNUM_BFZAEZCABI 07:27
With the plan that houses over 700 million VND must pay property tax, many experts believe that the Ministry of Finance has "included" low-income people in the taxable category.
Banks reduce ATM withdrawal fees
DNUM_AFZACZCABI 10:47
Napas will reduce up to 150 VND per transaction for the bank, equivalent to 10% of the fee this unit enjoys.
Ministry of Finance abandons proposal to impose VAT on land use rights transfer
DNUM_BAZABZCABI 08:56
In the draft revised tax laws, the Ministry of Finance removed the proposal to impose VAT on land use rights transfer (red book).
VAT increase: Millions of people affected, Ministry of Finance "takes a step back"
DNUM_AEZABZCABI 12:29
The Ministry of Finance has proposed to increase VAT from 10% to 12% effective from January 1, 2019. Concerned that the tax increase will strongly affect all investment - production and circulation, and ultimately millions of people will be affected, many ministries, branches, associations and localities disagree. However, the Ministry of Finance is still determined to increase VAT and only "takes a small step back".
Amendment of some regulations on VAT refund
DNUM_CBZBCZCABH 08:37
The government's new decree clearly stipulates some cases where export enterprises are eligible for tax refunds and others where they are not.
Urgent VAT refund by electronic method
DNUM_CBZAJZCABH 09:29
According to a representative of the General Department of Taxation, by the end of this year, 90% of value-added tax (VAT) refund dossiers will be processed electronically, level 4.
Increasing pressure on low-cost home buyers
DNUM_ADZAJZCABH 21:41
The recent proposal by the Ministry of Finance to increase VAT from 10% to 12% from 2019 will cause real estate prices to increase, directly affecting home buyers, especially low-income earners.
VAT increase: Who will suffer?
DNUM_CFZAIZCABH 13:03
The proposal to increase VAT from 10% to 12% could cause difficulties for the poor, and lead to price fever and increased inflation...
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