State budget collection up 14 percent in five months Business

State budget collection up 14 percent in five months

Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported.
Financial sector makes efforts in anti-corruption Society

Financial sector makes efforts in anti-corruption

Politburo member and Minister of Public Security General To Lam, who is also deputy head of the Central Steering Committee on Anti-Corruption, has lauded efforts of the Finance Ministry’s Party committee in the reclamation of assets in corrupt and economic cases.
HCM City: Home-businesses jump regulations Business

HCM City: Home-businesses jump regulations

More than a year after it rolled out support policies to help household businesses become enterprises, only 3,950 out of 250,000 have done so, the Ho Chi Minh City Department of Taxation has said.
Finance ministry streamlines tax apparatus Business

Finance ministry streamlines tax apparatus

The Ministry of Finance will rearrange tax departments at district level to trim down at least 50 percent of the current tax agencies as of 2020 under its freshly issued Decision 520/QD-BTC.
MoF wants hike in tax on capital/securities trade income Business

MoF wants hike in tax on capital/securities trade income

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 percent for trades not registered to the Vietnam Securities Depository (VSD) and not made on the securities market.
Finance Ministry proposes tax law changes Business

Finance Ministry proposes tax law changes

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.