Finance Ministry backs down on VAT Business

Finance Ministry backs down on VAT

Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.
Customs revenue to surpass target Business

Customs revenue to surpass target

The budget revenue of the General Department of Customs (GDC) surpassed 261.1 trillion VND (11.5 billion USD), or 91.6 percent of the 2017 target as of November 28.
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.
Further fee cuts needed to support firms Business

Further fee cuts needed to support firms

The Vietnam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance (MoF)’s proposed fee cuts was a positive move, but stronger cuts or even abolishment were needed to support businesses.
PM urges lower interest rates, stable taxes Business

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.