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Investor and philanthropist Warren Buffet receives the Medal of Freedom from President Obama at the White House in Washington, February 15, 2011. When Irish rockers U2 took to the main stage at this year’s Glastonbury music festival, a small but vocal group of activists raised a large balloon emblazoned with the words...

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An individual income tax exemption for those earning less than VND9 million a month has been approved The National Assembly Saturday agreed to cut a variety of taxes as proposed by the government in an attempt to boost the economy. The tax measures, passed by 82 precent of the NA members, include an individual income tax...

Tags: Income Tax, The Government, The Tax

  Factory workers change shifts at the Thang Long Industrial Park outside of Hanoi. The government is seeking approval from the National Assembly to suspend tax collection from those with a monthly income of less than VND9 million (US$440). The Ministry of Finance has submitted...

Tags: And Medium Sized, Foreign Invested, Income Tax, National Assembly, Personal Income Tax, Small And Medium, Small And Medium Sized, Tax Breaks, The Government, The National, The National Assembly, The Tax, The Tax Relief, To The National, To The National Assembly, Transfer Pricing

Foreign investors in Vietnam are set to be rocked by a higher foreign contractor tax on interest derived from bonds and certificates of deposit. VnnNews – Foreign investors in Vietnam are set to be rocked by a higher foreign contractor tax on interest derived from bonds and certificates of deposit.  Commodity prices rising following...

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A new environment tax on fuel products is necessary but it will drive up transport costs and hence consumer prices, experts say, suggesting the rate be low. Fuel is one of eight products that will be taxed under the Environmental Tax Law, according to a finance ministry’s proposal.Thai Van Chung, general secretary of the Ho Chi Minh City...

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Many retailers in Ho Chi Minh City have been breaking the law for a long time by not writing invoices and evading value added tax. Laptops are displayed at an electronics retail outlet in Ho Chi Minh City’s District 1.Nguyen Kim Shopping Center, an electronics chain appearing in the top ten list of biggest retailers in Vietnam last year,...

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VnnNews – National Assembly deputies on October 21, discussed the draft laws on natural resources tax and elderly people. Elderly people in Phong Tho district in the northern mountainous province of Lai Chau receive health treatment. Law on the elderly is under discussion by the Assembly.Deputy Nguyen Dinh Quyen from Ha Noi said the law...

Tags: Natural Resources, Tax Rates, That The Law, That The Law Should, The Elderly, The Law, The Law Should, The Na, The Rights, The Tax

VnnNews – The Ministry of Finance has affirmed that the housing tax is a kind of asset tax rather than an anti-speculation tax. Deputy Director of the Tax Policy Department under the Ministry of Finance Pham Dinh Thi Thi, who is also a member of the compilation committee of the draft housing tax, in an interview with Thoi bao...

Tags: Housing Tax, Housing Tax Law, Real Estate, Real Estate Market, Tax Law, The Housing, The Housing Tax, The Housing Tax Law, The Law, The Tax