The decree, guiding the implementation of the Tax Administration Law, to take effect on December 5, stipulates that the total CIT amount that enterprises advance in the first three quarters of year must not be lower than 75 percent of the amount they have to pay for the whole year. … [Read more...] about New regulation on temporary tax payments worries businesses
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However, analysts have warned that challenges are awaiting domestic manufacturers ahead, when the preferential registration tax is no longer valid. The localization ratio of domestically assembled products is just 10-20 percent, much lower than the 60-80 percent in Thailand and Indonesia. … [Read more...] about Preferential registration tax policy expires, domestically made automobiles at a disadvantage
On November 11, the Government Office released a notice about the Deputy Prime Minister Trinh Dinh Dung’s conclusion at the meeting discussing solutions to develop the automobile industry, which gathered representatives of ministries, the Vietnam Automobile Manufacturers' Association (VAMA), and enterprises. … [Read more...] about When will taxes be lowered to reduce automobile prices?
In order to overcome this, airlines in Vietnam should work together to come up with effective and long-term solutions, before submitting their proposals to the prime minister, said Dr. Tran Dinh Thien, former director of the Vietnam Institute of Economics. … [Read more...] about Vietnamese airlines urge government to provide further support to overcome pandemic
Local airlines also proposed extending the period that take-off and landing prices are cut by half until the end of next year and reducing the environmental protection tax by 70% for airlines. In addition, commercial international flights to countries that have controlled the pandemic should be allowed to resume operations. … [Read more...] about Vietjet, Bamboo Airways seek Government financial aid