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Update news vietnam's tax policy
The Vietnamese government has proposed extending the 2% value-added tax (VAT) cut on selected goods and services until the end of 2026, aiming to ease cost pressures on businesses and boost economic momentum.
Amid unpredictable fluctuations in US tariff policies, Vietnamese businesses must take a proactive and strategic approach to sustain their exports to this key market, experts emphasised at a workshop held in Ho Chi Minh City on May 9.
If a business pays VND100 billion in taxes in 2025, and VND150 billion the next year, it will enjoy a tax reduction based on the excessive tax amount, according to a proposal suggested to help Vietnamese businesses overcome difficulties.
Projects producing key digital technology products, software, semiconductors, artificial intelligence, and centralized digital technology zones have been proposed for land rental exemptions or reductions.
The United States’ decision to impose a 46% import tariff on Vietnamese goods has sent shockwaves through Vietnam’s export-driven economy. To remain globally competitive, Vietnam must restructure its economic model.
Amid rising global trade tensions, the PM orders urgent action to help affected Vietnamese exporters.
The National Assembly will consider extending a key tax support program worth over USD 300 million annually.
Many experts have suggested delaying the special consumption tax (SCT) implementation to 2028 instead of 2026 to provide relief for businesses, prevent compounding difficulties, and support economic growth while nurturing revenue sources.
Vietnam’s electronic tax system is back online after a scheduled suspension for upgrades and restructuring, ensuring smooth operations for taxpayers and businesses.
Experts propose a 20% tax on real estate sale profits instead of the current 2% flat tax, aiming to improve transparency and prevent speculation in Vietnam’s property market.
Gasoline and air conditioners are both considered essential goods and, therefore, must not be subject to luxury tax.
Vietnam is set to review its tax policies applied to the United States and other strategic partners to ensure a balanced and mutually beneficial trade relationship.
After a tax audit, Coca-Cola Vietnam was ordered to cut $30 million in reported losses due to transfer pricing concerns. The case is still unresolved in court.
The regulation on tax management for business activities conducted via e-commerce and digital platforms is set to take effect on April 1.
Prime Minister Pham Minh Chinh has directed the Ministry of Finance to assess extending VAT reductions through 2026.
Vietnam considers raising tobacco taxes every two years to avoid economic disruptions while promoting public health and increasing state revenue.
Vietnam’s corporate income tax rate of 20 per cent is higher than in Singapore (17 per cent) and Brunei (18.5 per cent).
With the total accumulated losses of foreign-invested enterprises surpassing 908 trillion VND, Vietnamese authorities are ramping up efforts to investigate tax practices and ensure greater financial accountability.
Prime Minister Pham Minh Chinh has directed the Ministry of Finance to develop policies to limit real estate speculation and improve oversight of construction projects.
While Vietnam’s e-commerce sector continues to expand, tax collection remains a challenge. Authorities are now pushing for stricter tax compliance measures, requiring platforms like Shopee and Lazada to report seller information and withhold taxes.