VAT - các bài viết về VAT, tin tức VAT

Indonesia to impose 12% VAT from 2025

The Indonesian Government plans to apply a 12% value-added tax (VAT) next year, marking a 1 percentage point increase from the current rate, according to a senior official.

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

Apply 2% VAT cut to all goods, services: Vietnam commerce chamber

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the Ministry of Finance cut the value added tax (VAT) by two percentage points for all goods and services amid prolonged economic stagnation.

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

What you can and can’t do: KPMG answers tax queries

“Importation” of uniforms from a domestic supplier for use in an export processing zone will incur import duties and VAT, say KPMG consultants.

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

Vietnam to amend VAT law as business complaints mount

The government will further modify the Law on Value Added Tax (VAT), acting on complaints by domestic and foreign businesses who have expressed frustration, particularly in accessing refunds.

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

KPMG navigates Vietnam VAT regulations

Current VAT and tax regulations do not allow input VAT to be offset against VAT payable at the import stage.

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

KPMG experts answer customer VAT queries

VAT regulations in Vietnam can be a difficult road to navigate, so let the accountants do their jobs to allow peace of mind for you and your company.

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

No VAT reduction for telecom, banking, securities, real estate, insurance sectors

The Vietnamese government on Wednesday proposed to the legislature a 2-percentage-point reduction in value added tax (VAT) for goods and services, except for those in the telecom, real estate, securities, insurance and banking sectors.

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

Vietnamese lawmakers say 'no' to VAT reduction for real estate, banking sectors

The Standing Committee of the National Assembly, Vietnam's legislative body, has disagreed with the government's proposal to reduce value added tax (VAT) for the banking, securities, real estate, and insurance sectors.

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

Government proposes National Assembly cut VAT to 8% in May

The government has proposed the National Assembly issue a resolution to reduce value added tax (VAT) from 10% to 8% to support people and businesses.

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

Government agrees to cut VAT to 8%

The government has assigned the Ministry of Finance to prepare a proposal seeking the National Assembly's approval to reduce VAT from 10% to 8%.

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

Targeted financial inspections and audits for 2023

The Ministry of Finance has set out directives regarding the inspection of state budget obligations in Official Letter No. 10039/BTC-TTr dated October 3, 2022.

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

VAT refund during construction stage only applicable to new investment projects

Following the provision of Decree 49/2022/ND-CP amending Decree 209/2013/ND-CP and Decree 100/2016/ND-CP, a VAT refund during the construction stage is only applicable to new investment projects.

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

Flexible tax policies give businesses room to move

KPMG experts answer businesses' queries regarding the complicated navigation of the tax landscape.

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

Leasing income not qualified for CIT incentive entitlement

As the leasing activity was not included into the original IRC, it is likely that leasing income is not qualified for CIT incentive entitlement.

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

Workers paid 3 times normal daily wage for working annual leave days

If workers work on annual leave days, such days will be considered overtime and the employer is required to pay the employee at least 300% of the normal daily wage.

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

Destroyed goods not deductible for CIT calculation purposes

Defective goods are not listed as force majeure event, so the destroyed goods value due to defective status is not deductible for corporate income tax (CIT) purposes, says KPMG.

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

Banks can issue invoices on monthly basis to corporate customers

Commercial banks can issue invoices on monthly basis to corporate customers if such invoicing arrangement is contractually agreed by the parties.

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

E-invoices to serve on-site goods export, import

For on-the-spot import declaration, a copy of an e-VAT invoice must be attached to the customs declaration dossier to be submitted via the electronic customs system.

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

Three tax officers protect 34 'ghost' companies to appropriate state money

Three tax officers in Ho Chi Minh City are found guilty of receiving more than VND10 billion ($427,000) in return for supporting 34 "ghost" companies to buy and sell value added tax (VAT) invoices.

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

Without benchmark, 2021 CIT tax reduction not feasible: taxmen

If taxpayers saw no revenue generated in 2019, a 30% CIT reduction for tax year 2021 will not be granted as there is no benchmark to determine the revenue decrease for 2021, according to the General Department of Taxation.

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

New VAT decree to boost property, energy sectors

The government on July 29 issued Decree 49/2022/ND-CP supplementing and amending a number of articles of Decree 209/2013/ND-CP on VAT and its amending decrees.

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

Separate goods invoices no longer required for reduced 8% VAT

Taxpayers are no longer required to issue separate invoices for goods and services in order to enjoy the reduced 8% VAT rate.

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

Personal income tax for extra hour salary

If a company is not qualified to implement overtime at work, extra-hour salaries should not be eligible for personal income tax exemption.

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

Facebook to charge extra 5% tax on Vietnam ads

Meta, the parent of Facebook, will charge a 5% value added tax on all advertisements in Vietnam starting June 1.

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

Tax update May 2022

Investment securities for which provision for devaluation can be made will not include government bonds, government-guaranteed bonds, and municipal bonds, according to a new circular.

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

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