Keyword: "tax cut"

The resolution, comprising two articles, provides for a 30% reduction in personal and corporate income tax for the 2026-2027 tax periods for individuals, business households and enterprises with annual revenue of no more than 10 billion VND (381,000 USD).

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.

The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.

More than 55 trillion VND (2.33 billion USD) has been disbursed so far to financially support people and enterprises hurt by the COVID-19 as part of the national socio-economic recovery and development programme, according to a report by the Ministry of Planning and Investment.

The Vietnam Chamber of Commerce and Industry (VCCI) recently sent an official dispatch to the Ministry of Finance, suggesting changes to tax policies to support sectors hit by the COVID-19 pandemic.

The Ministry of Finance (MoF) has proposed to cut environmental protection tax on jet fuel by 30 percent, from 3,000 VND to 2,100 VND per litre.

A seminar was held in Ho Chi Minh City on August 19 to discuss measures that domestic enterprises can apply to minimise impacts and optimise benefits from the Vietnam-EAEU FTA.