Regulations on non-taxable personal incomes in Vietnam

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The Vietnamese Ministry of Finance promulgates a Circular guiding the Vietnam Law on Tax Administration

The Ministry of Finance promulgates a Circular guiding the Law on Tax Administration, The scope of the regulation of the law, Circular guiding the Law on Tax Administration, Many new points bring benefits to businesses and regulators, Circular No. 80/2021/TT-BTC

Notes need attention about allowable expenses in Vietnam

Notes need attention about allowable expenses in Vietnam, Conditions on the expenses to become allowable expenses, Business expenses and personal expenses, allowable expenses, personal expenses, Business expenses, allowable expenses in Vietnam,

The reason why the government doesn’t propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam

The reason why the government doesn’t propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam, government doesn’t propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam, propose to reduce personal income tax during the 4th Covid-19 epidemic in Vietnam, propose to reduce personal income tax during the 4th Covid-19 epidemic, reduce personal income tax during the 4th Covid-19 epidemic

Recently, the General Department of Taxation has explained why there is no proposal to reduce personal income tax for employees. Vietnam’s economic situation in the first half of 2021 In the first 6 months of this year, the national PIT collected by the tax sector was estimated at VND 73,027 billion, equaling 67.7% of the…

Reducing a series of taxes, fees, and interest rates for businesses suffering from Covid-19

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Due to the heavy impacts from the Covid-19, the Vietnamese Government is doing its best to give out support for businesses suffering from this pandemic. Specifically, the Ministry of Finance is shortening the procedure for approving a tax and fee support package of about 20,000 billion VND. Furthermore, the banks also committed to reducing interest…

Vietnam: Tighten the situation of selling “two-price” houses

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Recently, the “land fever” has re-emerged, causing the sale and transfer of the real estate to increase. However, in society, there has been a situation where the selling of a house contains 2 different prices. This phenomenon, caused by the buyers and the sellers, aims to avoid or reduce the taxes that they have to…

Legal500: Interview with Pham Duy Khuong, Founder and Managing Director of ASL LAW

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Founder and Managing Director Pham Duy Khuong explains how leading Vietnamese firm ASL LAW is adapting to clients’ changing needs.

Proposal to reduce tax by 50% for all business households and business individuals in Vietnam

Proposal to reduce tax by 50% for all business households and business individuals in Vietnam, Proposal to reduce tax by 50% for all business households and business individuals, Proposal to reduce tax by 50% for all business households, The need to reduce tax during the Covid-19 crisis in Vietnam, An enormous package of relief to help businesses during the Covid-19 crisis

The new support package that the Vietnam Ministry of Finance is developing is expected to reduce 50% of the payable tax amount arising from production and business activities in the third and fourth quarters of 2021 for all business households and business individuals in Vietnam. The recent complicated developments of the Covid-19 epidemic, especially in…

Vietnam: Ministry proposes raising duties on steel exports, reducing tariffs on imports

amending Decree 57 on preferential import-export tariffs, proposal to increase taxes on steel exports while lowering levies on imports, proposal to increase export tax and reduce import tax on steel

Because the rise in steel prices has harmed numerous public-sector projects, the Ministry of Finance has proposed increasing tariffs on steel exports while lowering tariffs on steel imports. The Ministry of Finance said in a draft decree amending Decree 57 on preferential import-export tariffs that the significant rise in local steel prices was primarily attributable…

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