To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17% for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20%.
National Assembly (NA) deputies on November 22 morning discussed in groups the draft amended Law on Corporate Income Tax and the draft amended Law on Special Consumption Tax as part of the ongoing second phase of the 15th National Assembly’s 8th session.
The US Department of Commerce (DOC) recently announced preliminary conclusions of the anti-dumping investigation into aluminum extrusions and aluminium products originated from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam.
The export prices of Vietnamese rice in the first two months of 2023 rose by 9.8% year-on-year to 528.5 USD/tonne, according to the Ministry of Agriculture and Rural Development (MARD).
The International Trade Practices Unit (UPCI) of Mexico’s Ministry of Economy has decided to adjust the tax rate imposed on galvanised steel imports from Vietnam, according to the Ministry of Industry and Trade (MoIT).
With the European Union – Vietnam Free Trade Agreement (EVFTA), the EU will completely liberalise trade in broken rice, and will reduce the tax rate to zero percent for Vietnamese rice products after three to five years. This is a great opportunity for Vietnamese rice to compete in the EU market.
Despite a rebound in shrimp exports to the EU in recent months, Vietnam’s shrimp sector is facing a fierce competition in the market, requiring domestic exporters to continue improving their product quality and competitiveness.
The Ministry of Finance has issued a document on tax payment rules for Dutch-based Uber International Holding BV for its car hailing service in Vietnam.
Entrepreneurs are hailing a national plan to reduce corporate income tax for small- and medium-sized enterprises from 20 percent to 17 percent starting next year.
The Ministry of Finance has proposed a standard tax rate for anhydrous butter fat (ABF) and anhydrous milk fat (AMF), two different kinds of materials for processing milk products.
