NA Standing Committee discusses penalties Politics

NA Standing Committee discusses penalties

Lawmakers on the last day of the 42nd National Assembly Standing Committee agreed that unlawful residency registration and marriage registration would no longer be punishable under penal code.
Tax breaks to lift auto industry Business

Tax breaks to lift auto industry

Cars with various engine displacement values are expected to enjoy a rebate in the special consumption tax in Vietnam as of July 1, 2016, according to a revised draft on Tax Law.
Overseas Vietnamese receive car tax break Business

Overseas Vietnamese receive car tax break

Viet kieu (Overseas Vietnamese or OV), who are intellectuals, experts and skilled workers, have been granted a tax exemption on used cars they bring to Vietnam , according to a new Government decree.
Imported cars to cost more after tax changes Business

Imported cars to cost more after tax changes

Imported cars are expected to become more expensive by around 5 percent if the finance ministry's draft plan to adjust the calculation of special consumption tax on imported automobiles is approved.
Authorities crackdown on tobacco smuggling Business

Authorities crackdown on tobacco smuggling

Controlling the trading and transportation of smuggled tobacco products in the local tobacco market has to be given top priority, according to the Ministry of Industry and Trade (MOIT).
Deputies pass state capital, taxation laws Politics

Deputies pass state capital, taxation laws

Lawmakers ratified the law on the management and use of state capital in production and business during their plenary session in Hanoi on November 26, with 85.11 percent of votes in favour.
Law-makers debate revisions to tax laws Politics

Law-makers debate revisions to tax laws

Amending the current tax laws is likely to create the best possible conditions for taxpayers to fulfill their duties while accelerating sectoral reforms in line with Vietnam’s international commitments, Finance Minister Dinh Tien Dung said.
Online games get special tax break Business

Online games get special tax break

The lastest draft of the amended law on special consumption tax has apparently excluded online games from the list of goods and services to be taxed.