'Fear of responsibility' prevalent among business staff, authorities when it comes to tax issues

'Fear of responsibility' prevalent among business staff, authorities when it comes to tax issues

Strong tax reforms have created great advantages for enterprises, but both businesses and tax authorities still face many problems fulfilling their tax obligations due to confusing regulations and the “fear of responsibility", said Nguyen Van Phung, former head of the Bureau of Large Enterprises Management under the Ministry of Finance’s General Department of Taxation.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tax on alcoholic beverages should only be raised after 2025: businessman

Tax on alcoholic beverages should only be raised after 2025: businessman

Any changes to the special consumption tax (SCT) on alcohol and beer should only be made after 2025 when the Vietnamese economy and businesses bounce back, said Phan Dang Tuat, president of the Vietnam Association for Supporting Industries (VASI) and former chairman of top Vietnamese brewer Sabeco.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Now’s not the time to hike special consumption tax on liquor: workshop

Now’s not the time to hike special consumption tax on liquor: workshop

Vietnam should delay any hike in the special consumption tax (SCT) levied on the liquor industry amidst persistent negative impacts of the Covid-19 pandemic, experts and industry insiders say.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

New decree guides tax administration activities

New decree guides tax administration activities

The government in late October issued Decree 91 amending and supplementing several articles of Decree 126 guiding the implementation of the Law on Tax Administration.

KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7

Excessive land, home ownership subject to high taxation

Excessive land, home ownership subject to high taxation

A Party Central Committee resolution requires higher tax to be levied on excessive possession of land and housing.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

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