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MoF proposed to delay plan of value added tax increase up to 12 per cent

Due to strong opposition against the proposal on raising value added tax (VAT), the Ministry of Finance (MoF) has recently proposed to delay the VAT increase to 11 per cent until from January 01, 2019 and to 12 per cent until January 01, 2020.

Proposal on imposition of excise tax on soft drinks needs to be reconsidered?

The Chamber of Commerce and Industry of Vietnam (VCCI) proposed that the imposition of excise tax on soft drinks should be postponed until there is a comprehensive study which presents fully the effectiveness of excise tax imposition on obesity reduction in Vietnam.

MoF's proposal to increase taxes on petroleum products is unreasonable

The imposition of both environmental protection tax (EPT) and excise tax on "all types of petroleum products" is not reasonable.

VAT tax on land use rights to make the real estate market dark and be in danger

Nguyen Manh Ha, vice chairman of the Vietnam National Real Estate Asociation (VnREA) said that the proposal of imposing VAT on land use rights of the Ministry of Finance will make the real estate market in danger.

Beer prices will rise dramatically due to higher tax

When the excise tax on beer increased to 65%, consumer will be charged 45.9% of the tax on a bottle of beer

Higher VAT leaves businesses in trouble

‘We need to reconsider the assumption that the rich will suffer more than the poor as VAT increased. Because, in fact, more than 80% of the Vietnamese population is poor,’ said Pham Anh Tuan, Chairman of Board of Directors of the Cooperative Union of Agricultural Consumption (UCA).

Deputy Minister of Finance: higher VAT does not heavily affect the poor

Higher VAT is expected not to affect poor and low-income people, the Deputy Minister of Finance confirmed.

VAT increase may hike up real estate prices impacting tremendously businesses

The proposal for the two-percent VAT increase from January 1st, 2019 of the Ministry of Finance (MoF) may lead to a rise in real estate prices, which tremendously affects the economy, businesses and the daily life of the people.

MoF proposes VAT increase by 2%

The Ministry of Finance (MoF) has recently proposed to increase the value added tax (VAT) from 10% to 12%, effective from January 1st, 2019. It is estimated that more than half a million businesses and most of the people will be affected by the VAT increase.

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