Under the programme, Vietnam’s tax policy system will be perfected in line with international practices while meeting the resource requirements to implement the 2021-2030 socio-economic development strategy.

Vietnam is aiming to streamline the tax management system.

The tax system will include the following: value added tax, special consumption tax, export-import tax, corporate income tax, personal income tax, natural resource tax, agricultural land use tax, non-agricultural land use tax, and environmental protection tax, along with other taxes and fees.

With regards to tax management, Vietnam aims to raise the rate of taxpayers’ satisfaction with the service of tax agencies to at least 90% by 2025 and 95% by 2030.

The rate of supporting taxpayers through electronic means is expected to reach 70% by 2025 and 90% by 2030.

By 2030, the rate of tax filing and payment conducted electronically will reach at least 98% for enterprises and organisations and upwards of 90% for individuals.

Vietnam will also create an integrated and centralised information system to meet all the demand of collecting, processing, storing and using data for tax management and providing online services for taxpayers.

Lawmakers approve environmental tax cut on gasoline

The Standing Committee of the National Assembly Wednesday approved a government proposal to cut environmental tax on gasoline by half as prices surge.

Dialogue seeks to settle businesses' obstacles related to tax policies

The Ministry of Finance (MoF) recently held a dialogue on tax and customs policies with the Republic of Korea (RoK)’s firms in both in-person and virtual forms.

Vietnam to impose value-added tax waiver from February

Vietnam will cut its value-added tax by 2 percentage points to 8 percent starting Feb. 1 to boost recovery after two years of Covid-19 impacts.

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1.

Tax revenue in 2021 exceeds estimate by 12.47 percent

Total tax revenues as of December 24, reached 1.5 quadrillion VND (66.1 billion USD), exceeding 12.47 percent of the yearly estimate or 177 trillion VND (7.7 billion USD), according to the General Department of Taxation.

Source: NDO