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Paying taxes is easier thanks to cashless transactions.
The workshop "Enhancing Security and Safety of Cashless Transactions" was held on the afternoon of June 14th in Ho Chi Minh City.
VAT policy for imported agricultural products
According to regulations, businesses paying VAT using the deduction method sell agricultural, livestock, aquatic, and marine products that have not been processed into other products.
Hanoi Tax Department collaborates with Shopee to implement tax management for e-commerce activities.
The Hanoi City Tax Department and Shopee Vietnam Co., Ltd. held a conference to exchange information and cooperate on tax management for businesses operating on e-commerce platforms.
Benefits of switching tax identification numbers to personal identification numbers.
Citizens will save time and money, reduce many procedural steps, and minimize personal paperwork when conducting public administrative transactions when their tax identification numbers are changed.
Accelerate the standardization of citizen identification codes for use as tax identification numbers.
The General Department of Taxation has retrieved information from the national population database for individual taxpayers, verifying approximately 70% of the total tax identification numbers managed by tax authorities.
Retail sales without invoices result in revenue losses for the government.
According to Minister of Finance Ho Duc Phoc, there is currently a significant amount of retail goods sold without invoices, or in other words, without invoices being requested, causing losses to the state budget.
MAN - a professional and reputable tax and accounting services company.
Accounting services are the optimal solution for small and medium-sized enterprises, and MAN Tax Consulting Management Company is one of the reputable providers of these services.
Accused of tax evasion, 'Queen of Latin Music' Shakira faces the risk of 8 years in prison.
Shakira is accused of tax evasion amounting to 14,5 million euros, and if found guilty, she faces an 8-year prison sentence.
Proposal to extend tax payments for domestically produced automobiles by over 20.000 trillion VND.
The Ministry of Finance has proposed allowing domestic automobile manufacturers and assemblers to defer payment of approximately 20.000 billion VND in special consumption tax from June to September 2022.
The Deputy Prime Minister instructed the Ministry of Finance to study the possibility of imposing a housing tax.
Deputy Prime Minister Le Minh Khai has just approved the Tax Reform Strategy until 2030, aiming to maintain a stable and reasonable rate of revenue mobilization into the state budget from taxes and fees.
Taxing rental properties: What is a reasonable rate?
Some agree with Circular 40 of the Ministry of Finance, but others suggest that the threshold for tax payment should be raised to 200 million VND/year.
Five businesses had their customs clearance procedures suspended for failing to fulfill their tax obligations.
Customs authorities have implemented coercive measures to halt customs clearance procedures nationwide for import and export goods of five businesses.
Tax revenue collection is at its lowest level in the past 10 years.
According to data from the General Department of Taxation, estimated budget revenue for the past nine months reached only 66,4% of the projected target, equivalent to 93% compared to the same period last year. This is the lowest level in the last 10 years.
For administrative tax violations, Mai Lanh Company was fined and ordered to pay back over 15 billion VND.
The District 6 Tax Department (Ho Chi Minh City) has just issued a decision imposing an administrative fine of over 15 billion VND on Mai Lanh Company for tax violations.
Under pressure from his opponents, the President announced he had paid 'millions of dollars' in taxes.
As expected, the tax allegations against President Trump were debated quite intensely during the first presidential debate.
EU imposes digital tax, Big Tech raises fees for businesses.
Many EU countries have implemented digital taxes on Big Tech companies, and in response to this decision, Apple and Google have increased fees for businesses to offset the tax.
Taking advantage of COVID-19, many businesses deliberately delayed paying their taxes.
A representative from the General Department of Taxation stated that there have been instances of businesses exploiting tax support policies to delay or avoid paying taxes to the State budget.
The government proposes a 30% reduction in corporate income tax.
The government has proposed a 30% reduction in corporate income tax payable for 2020 for small and micro-enterprises, an estimated amount of approximately VND 15.840 billion.
With the personal allowance raised to 11 million VND, what salary level is subject to tax?
Under the new deduction levels, the income thresholds for tax-free income are 11 million VND (0 dependents); 15,4 million VND (one dependent); and 19,8 million VND (2 dependents).
Authorities are collecting back VAT from banks starting in 2011.
The General Department of Taxation has requested provincial and city tax departments to review and guide credit institutions engaged in letter of credit (L/C) services to declare and pay value-added tax (VAT) starting from 2011.
The Ministry of Finance opposes reducing taxes on automobile engines and gearboxes to 0%.
According to the Ministry of Finance, current tax regulations are already sufficient to encourage the automotive manufacturing and assembly industry, so there is no need to increase tax incentives.
No tax audits for businesses affected by COVID-19.
The General Department of Taxation has instructed tax departments not to inspect businesses affected by COVID-19, but to focus on inspecting and auditing businesses with high tax risks.
An estimated 80.200 trillion VND in tax deferrals are expected for businesses due to Covid-19.
The Ministry of Finance has submitted a proposal to the Government to issue a Decree extending the deadline for paying taxes and land rent, covering four different types of taxes, totaling approximately 80.200 billion VND.
Is increasing the personal allowance to 11 million VND reasonable?
According to experts, adjusting the personal allowance should not only be based on the CPI increase rate but also take into account the income growth of the people in recent years.
Increasing personal allowances: How will this affect income tax?
According to the proposed personal allowance, a person earning 15 million VND/month (with 1 dependent) would not have to pay tax, while a person earning 100 million VND would receive a reduction of 700.000 VND.
Prime Minister: The tax sector needs strong measures to eliminate indifference towards citizens and businesses.
This morning (February 26), at the Ministry of Finance headquarters, Prime Minister Nguyen Xuan Phuc attended a nationwide online conference to announce the completion of the plan to establish regional tax offices under the 63 provincial and city tax departments.
Before meeting with President Trump, Macron received bad news from the United States.
Washington has warned it will impose a 100% tariff on $2,4 billion worth of French goods in retaliation for France's decision to impose a digital services tax on some American technology companies.
Businesses are complaining about difficulties due to higher taxes on components compared to complete machines.
There are components with import taxes as high as 25%, or even 30%, such as motors, while importing complete machines has a tax rate of 0%.
The National Assembly agreed to allow the Government to write off nearly 16.400 trillion VND in tax debt.
The content was recently approved by the National Assembly in a Resolution on writing off tax debts, waiving late payment penalties and interest for those who are no longer able to pay the state budget.
79 businesses in Quang Binh province owe hundreds of billions of dong in taxes.
79 businesses have been publicly named by the Quang Binh Provincial Tax Department for owing hundreds of billions of dong in taxes.
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