Keyword: "Tax"

73 Result

An apartment and villa complex in Ha Dong district, Hanoi. (Photo: VNA)

Taxes on real estate based on time property is held not feasible: Justice Ministry

In their latest draft of a proposal to establish a new Law on Personal Income, to replace the current one, the MoF has proposed the Government impose taxes on income from real estate transactions based on the period of ownership – or holding period – which is the time between when an investor buys and sells a land or property.

Indonesia plans to impose an excise tax on sugary packaged beverages starting July 2025, aiming to curb excessive sugar consumption and address rising health concerns, the Finance Ministry announced on Friday, Jan. 10, 2025. (Photo: jakartaglobe.id)

Indonesia to impose sugary drink tax in July 2025

Indonesia plans to impose an excise tax on sugary packaged beverages starting July 2025, aiming to curb excessive sugar consumption and address rising health concerns, the country’s Finance Ministry announced.

Mai Xuan Thanh, Director General of the General Department of Taxation, (Photo: VNA)

E-invoices from cash registers surge 13-fold year on year

As many as 92,080 business establishments had registered to use e-invoices generated via cash registers by the end of 2024, rising 2.3-fold from the previous year, heard a recent conference reviewing finance and state budget affairs.

A state budget collection point at a Vietcombank office. (Illustrative photo: VNA)

Tax support measures amount to 191 trillion VND in 2024

Measures to alleviate difficulties for enterprises and citizens in 2024 proposed by the Ministry of Finance including tax and fee reduction and exemption represented an estimated value of 191 trillion VND (7.49 billion USD), the ministry reported on December 31.

Vietnam’s tax sector has collected a record-high revenue of 1.7 quadrillion VND for the state budget in 2024. (Photo: VNA)

Tax revenue surpasses 1.7 quadrillion VND

Vietnam’s tax sector has collected a record-high revenue of 1.7 quadrillion VND (66.7 billion USD) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.

HCM City real estate tax revenue jumps 50% (Photo: VNA)

HCM City real estate tax revenue jumps 50%

Revenue from personal income tax and registration fees associated with real estate transactions in Ho Chi Minh City has surged by 50% to reach over 6.54 trillion VND (257.6 million USD) in the first nine months, according to data from tax authorities.

Indonesia is urged to raise tobacco taxes (Photo: en.antaranews.com)

Indonesia urged to raise tobacco taxes

An official from Indonesia's Ministry of Health has recommended higher cigarette taxes to deter consumption, as cigarette prices in Indonesia are lower and more accessible compared to other countries in the region.

Vietnam is identified as the country with the fastest e-commerce growth in Southeast Asia. (Photo: VNA)

Challenges of collecting e-commerce tax losses

Digital transformation is an inevitable trend that changes the way goods and services are consumed and supplied, especially activities on digital platforms, making tax management more complicated.

Illustrative image (Photo: https://vneconomy.vn/)

Philippines reduces rice import tax to 15%

The Philippines, one of the world's largest rice buyers and biggest importers of the Vietnamese grain, officially announced a reduction in rice import taxes from 35% to 15%, effective in early August this year and lasting until 2028.

Tax transaction at Ho Chi Minh City Department of Taxation (Photo: VNA)

Tax sector sees 10.7% rise in State budget revenue in four months

Total State budget collection in the first four months of this year was estimated at 640.29 trillion VND (25.20 billion USD), equivalent to 43% of the yearly projection, representing a year-on-year rise of 10.7%, according to the General Department of Taxation.

Thailand strengthens measures to combat tax evasion

Thailand strengthens measures to combat tax evasion

Thailand’s Revenue Department is developing a data analytics system to facilitate entrepreneurs to integrate into the tax payment system and fight against falsified tax invoices, the Director-General of the Revenue Department, Kulaya Tantitemit has said.