News

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Withdraw more than 1.733 billion VND of the VAT refund estimates in 2016

The Director General of the General Department of Taxation has just signed Decision 2204/QĐ-TCT about withdrawing the estimates of VAT refund in 2016. 61 Tax Department have to implement the decision to withdraw the estimates VAT refund with more than 1,733.7 billion VND. Photo: Hữu Linh Accordingly, the General Department of Taxation decided to withdraw the estimates of VAT refund in 2016 which was ...

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Tightening Tax Refund Management, Facilitating Taxpayers

The General Department of Taxation has recently dispatched an official document concerning tax refund management: Applying information technology to 95 per cent of tax declaration, payment and reimbursement papers. Tax authorities must make public tax refund data, have all tax refund records checked and have all taxpayer complaints resolved. They must ensure the publicity and transparency of provisions in the Law on Tax Administration, ...

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Tarriff exemptions for Chinese, ASEAN goods

The zero percent tariff under the ASEAN-China Free Trade Agreement (ACFTA) will bring more goods from ASEAN and China to Vietnam. This will create more competition for local products, according to experts. The Government has issued a decree on special preferential tariffs for ASEAN and Chinese products for the 2016-18 period according to commitments under the ACFTA. Under the decree, hundreds of goods from ...

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Samsung wants Vietnam to waive taxes for recalled Galaxy Note 7

An employee uses a Samsung Electronics' Galaxy Note 7 new smartphone at its store in Seoul, South Korea, September 2, 2016. Photo by Reuters/Kim Hong-Ji The company doesn't want to pay tax twice for sending out replacement phones. South Korean tech giant Samsung has asked Vietnam to waive import/export duties and VAT for the faulty Galaxy Note 7 smartphones that it has been recalling globally. The ...

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