NA Standing Committee convenes 50th session Politics

NA Standing Committee convenes 50th session

Members of the National Assembly (NA) Standing Committee on November 9 sat for the 50th session to consider and give opinions on a number of contents to be submitted to the 14th NA’s 10th session.
Tax cut welcome but not enough: businesses Business

Tax cut welcome but not enough: businesses

The Government's 30 percent corporate income tax cut was a step in the right direction but it could have been more inclusive by offering support to small businesses that were in desperate need of cash due to the difficulties caused by the COVID-19 pandemic, said business leaders and industry experts.
Mining industry unable to enjoy tax incentives Business

Mining industry unable to enjoy tax incentives

The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget.
Thailand extends state of emergency for one month World

Thailand extends state of emergency for one month

The Cabinet of Thailand on August 25 approved a one-month extension of the state of emergency through September 30 to control the COVID-19 pandemic as the nation seeks to prolong its streak of going three months without a local transmission.
Taxes lost from e-commerce sector during COVID-19 Business

Taxes lost from e-commerce sector during COVID-19

The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.
Tax policies must support firms to boost revenue: official Business

Tax policies must support firms to boost revenue: official

The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister of Finance Tran Xuan Ha has said.
H1 State budget revenue lowest in seven years Business

H1 State budget revenue lowest in seven years

State budget revenue in the first half of 2020 was down 10.5 percent against a year earlier and equal to just 44.2 percent of the annual estimate; the lowest since 2013, Minister of Finance Dinh Tien Dung told a conference in Hanoi on July 7.