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VAT
VAT related news updates
The National Assembly agreed 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%.
Current events
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 reports and examination 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 consumption 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.
What does the Tax Department say about the delay in refunding VAT for cassava starch exporting enterprises?
(Baonghean.vn) - Recently, some cassava starch exporting enterprises in Nghe An have reported slow VAT refunds, causing many difficulties for enterprises. Relevant sectors need to soon have 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.
January 11, 2022 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
March 1, 2019 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?
September 29, 2018 06:27
With the increased cost of electricity being so large, the price of this commodity may be adjusted next year.
Finance Minister: No VAT increase, further research on property tax
May 27, 2018 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.
May 21, 2018 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 increased again
May 8, 2018 05:52
From May 12, Agribank increased the domestic withdrawal fee from 1,000 VND to 1,500 VND/transaction. If VAT is added, cardholders must pay 1,650 VND/transaction.
Hand-carried goods are about to "run out of space"?
April 30, 2018 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?
April 15, 2018 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 earners in the taxable category.
Banks reduce ATM withdrawal fees
February 5, 2018 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 drops proposal to impose VAT on land use rights transfer
January 10, 2018 08:56
In the draft revised tax laws, the Ministry of Finance abandoned 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"
January 4, 2018 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 affect millions of people, many ministries, branches, associations and localities disagree. However, the Ministry of Finance is still determined to increase VAT and only "take a small step back".
Amending some regulations on VAT refund
December 21, 2017 08:37
The new government 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
September 21, 2017 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
September 3, 2017 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?
August 25, 2017 13:03
The proposal to increase VAT from 10% to 12% may cause difficulties for the poor, and at the same time lead to price fever and increased inflation...
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