Minister of Finance Dinh Tien Dung cleared up a number of questions relating to the State budget restructuring and the execution of financial disciplines, which were raised at the May 26 session during the 5th sitting of the 14th National Assembly in Hanoi.
Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.
Hanoi aims to collect 218.27 trillion VND (9.6 billion USD) for the State budget in 2018, a rise of 20 percent against the previous year, according to the Hanoi Taxation Department.
Although FDI has played an important role in boosting Vietnam’s economy, recent changes in policies and regulations have exposed many foreign investors to considerable risks and obstacles.
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.
The question and answer session of the 14th National Assembly’s fourth sitting on November 16 was heated up with issues regarding tax, public debt and monetary policy management.
The Government will not raise public debt ceiling in order to ensure debt payment capacity and balance the national financial system, said Deputy Prime Minister Vuong Dinh Hue during the hearing session of the 14th National Assembly’s fourth sitting on November 16.
The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.
Minister of Finance Dinh Tien Dung paid an official visit to Cuba from August 23-25 with the aim of shoring up financial and trade partnership between Vietnam and Cuba.
State budget revenues falling short of the half-way mark in the first six months of the year is a normal feature of the domestic economy and does not preclude meeting the annual target.
President of the Japan International Cooperation Agency (JICA) Kitaoka Shinichi discussed cooperation plans between JICA and ASEAN countries in a recent interview with reporters from the bloc.
Hanoi collected over 93.9 trillion VND (4.1 billion USD) in taxes during the first half of this year, completing 50.1 percent of its annual target and 18 percent higher compared with the same period in 2016.
A delegation from the World Bank (WB) recently worked with Vietnamese partners to prepare for a project modernising the tax system in Vietnam, according to Deputy Finance Minister Do Hoang Anh Tuan.
The Government recently issued a resolution to ratify an agreement and a protocol on avoiding double taxation and preventing income tax evasion between Vietnam and the United States of America.
Vietnam and Mexico have agreed to speed up negotiations for the signing of an agreement on customs cooperation and another deal on double tax avoidance.
Politics
