Tax policy

On September 29, 2022, the Minister of Finance issues the Circular No. 59/2022/TT-BTC providing a number of charge and fee rates to support and remove difficulties for transport business.

Takes effect on October 08, 2022, Circular No. 55/2022/TT-BTC amends and supplements a number of Articles of the Circular No. 238/2016/TT-BTC on the service price for technical safety and environmental protection inspection of currently circulating motor vehicles, equipment, and heavy-duty vehicles; assessment and calibration of equipment inspecting heavy-duty vehicles shall formally increase the register service price by more VND 10,000/time/vehicle compared with previous regulations.

Excise tax is applicable to a number of luxury goods, and services. The excise tax rate (tax rate) is relatively high compared with other taxes, even though, the excise tax rate of some goods is 150%.

Although the excise tax rates of goods and services are different, the payable excise tax amount is defined in accordance with the common method, the payable excise tax amount is the excise taxed price multiplied by the excise tax rate.

The excise tax rate is the tax payment level of some luxury goods and services such as tobacco, beer, liquor and beer...which have high tax rates.

Environmental protection tax is a popular type of tax that is applicable to commodities having bad impacts on the environment. So, what is the environmental protection tax? What are taxable objects?

Excise tax is a tax imposed on a specific good or activity and is commonly levied on cigarettes, alcoholic beverages, soda, and gasoline. So, what is the excise tax? What are excise tax-liable goods and services?

On September 17, 2022, regulations on the rates, collection, remittance, management, and use of charges for exploitation and use of information in the national population database formally take effect.

Non-agricultural land use tax is the compulsory payment for organizations, individuals, and households when using non-agricultural land.

Value Added Tax (VAT) is popular with everybody. The rates of VAT include 0%, 5%, and 10%, within that 10% is the most popular rate.

Non-agricultural land use tax has a low tax rate (the maximum rate is 0.2%). Tax exemption of non-agricultural land use tax is the thing that everybody wants although the tax rate is not high.

Tax bases for incomes from business activities and incomes from salaries or wages can help employees and employers to calculate the taxable amount for employees.

Enterprises must prepare full dossiers and submit the request via electronic data systems in accordance with the criteria in the form in order to get the duty refund for import duty and export duty. Here are the latest duty refund dossiers for import duty and export duty.

E-invoices with tax offices’ codes created from cash registers electronically connected to tax offices are applicable to a number of subjects of sales and service supplies. This is the suitable form with the current situation for suitable investment and easy usage.

Many enterprises are using unlawful invoices; unlawfully using invoices for making the tax. Having a deep and right understanding of using unlawful invoices; unlawfully using invoices for making the tax and sanctioning levels shall help to avoid these behaviors.

Acts of making incorrect declarations to reduce payable tax amounts are considered as the administrative violations in tax and the statute of limitations for sanctioning of tax administration-related administrative violations is in the longer time compared with other administrative violations, in particulars, 05 years from the date of commission of the violations.

The General Department of Taxation issues Decision No. 1391/QD-TCT on the promulgation of the Management procedure of e-invoice registrations which are attached with codes and generated from cash registers. The Decision takes effect on its date of signing (August 23, 2022).

A duty refund is the return of duty that is collected by authorized agencies from enterprises because the revenue is more than the payable tax amount or is not applicable to the payable objectives. Here are the cases of duty refund.

On August 24, 2022, the Ministry of Finance issues Decision No. 1710/QD-BTC on the administrative procedures which are amended and supplemented in tax under the administration of the Ministry of Finance.

On August 22, 2022, the State Bank of Vietnam issues the Decision No. 1453/QD-NHNN on the announcement of administrative procedures which are amended and supplemented, replaced, and annulled in the foreign exchange field.