vietnam's tax policies

Update news vietnam's tax policies

Vietnam's business chamber urges three-month delay for online sales tax

The VCCI has called on the Ministry of Finance to push back the e-commerce tax collection deadline, citing the need for businesses to adjust their systems.

Ministry warns that high taxes on ‘real estate surfers’ is not feasible

The Ministry of Justice (MOJ), when contributing its idea to the draft law on personal income tax (PIT), warned that taxing real estate based on ownership duration is not feasible due to the lack of synchronized tax and land management systems.

Vietnam may extend registration fee exemption for EVs by two years

The Ministry of Finance has proposed extending the full exemption of registration fees for battery-electric vehicles by another two years, pushing the deadline to February 28, 2027.

Proposal to tax interest on savings deposits sparks debate

A major city in Vietnam has proposed imposing personal income tax on interest earned from savings deposits. As countries like Thailand, South Korea, and China already tax bank interest, the question arises: Should Vietnam follow suit?

Vietnam to impose VAT on low-value express-imported goods

Vietnam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.

AI-powered tax audit helps recover over $191 million in 2024

The integration of AI in electronic invoice monitoring has enabled Vietnam's tax authorities to identify fraudulent activities, leading to the recovery of over $191 million in unpaid taxes from 501 companies.

Vietnam considers real estate tax reform to limit market speculation

In a bid to regulate the real estate market, the Ministry of Finance is studying a new tax structure that would impose higher rates on short-term property transactions and lower rates for long-term holdings.

Special consumption tax on alcoholic beverages requires careful study

Economists and industry experts said a balanced approach is required in implementing the changes to Vietnam's special consumption tax law, which will see tax double for alcoholic beverages from 2026 to 2030.

AI and data sharing to curb e-commerce tax evasion in Vietnam

The General Department of Taxation is partnering with e-commerce platforms and related agencies to build an extensive database to monitor e-commerce tax compliance.

Excise tax on sugary beverages sparks debate between industry and experts

The proposal to apply a 10% excise tax on sugary beverages faces opposition from the beverage industry, which argues that the tax unfairly targets their products.

Regulations on livestream sales urged to prevent tax losses

Vietnamese law currently has no specific regulations on registering sellers on streaming platforms.

Taxpayers complain about delays in getting tax refunds

Because it takes taxpayers too much time to fulfill administrative procedures, some people say they would prefer to lose money than spend time on the procedures to get their refunds.

Tax authorities tighten grip on livestream sales with 100% audit directive

The General Department of Taxation has mandated a nationwide review of all livestream sellers on platforms such as YouTube, Facebook, and TikTok, as part of an intensified effort to regulate e-commerce and prevent tax evasion.

Tax watchdog to put retailers selling through livestreaming under scrutiny

The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections.

Vietnam plans steep tax increases on cigarettes and alcohol

In an effort to curb consumption, the Ministry of Finance has suggested a steep increase in taxes on cigarettes and alcohol, detailed in the draft amendment to the Special Consumption Tax Law currently under review.

How expensive would tobacco be if the luxury tax was raised?

The Ministry of Finance (MOF) has proposed imposing a higher luxury tax on tobacco, with flat-rate duties to be fixed and raised year after year, from 2026 to 2030. Tobacco prices are predicted to increase proportionally in the next two years.

PM requests to complete decree on car registration fees in July

PM Pham Minh Chinh has requested the Ministry of Finance to urgently study the impact, and to complete and propose to the Government a decree on registration fee collection rates for domestically-produced and assembled cars within this month.

Taxing gold buyers is a tax-on-tax, say experts

The view that it is necessary to tax gold purchases so that people 'love' gold less, according to experts, needs to be done in a calculated way, not to tax arbitrarily, to avoid a tax on tax.

What if Vietnam cuts the vehicle registration tax again?

Although the Ministry of Finance (MOF) has proposed cutting the vehicle registration tax by 50 percent, it is worried about the implementation of international commitments.

Fines issued on 764 violations in e-commerce total VND12 billion in 2023

The Ministry of Industry and Trade (MoIT) revealed that there were 764 violations in e-commerce with a total fine of VND12 billion (US$ 471,601) in 2023.