Chủ đề: MoF

The Minister of Finance has issued Official Letter No. 3849 to People’s Committees in centrally-run cities and also provinces on the prevention of tax losses in business activities and transfer activities in real estate. The Ministry of Finance is now reviewing legal documents relating to real estate for possible amendments and supplements, to ensure consistency with other legal documents.

In order to support businesses and individuals, the Ministry of Finance (MoF) has proposed reducing land and water surface rentals by 30 per cent this year, costing VND3.5 trillion ($152.7 million). It is also drafting a Decree on extending the deadline for paying value added taxes, corporate income taxes, and personal income taxes. The total amount of taxes and land and water surface rentals to be extended or reduced will be around VND137 trillion ($5.9 billion).

The Ministry of Finance (MoF) is advising the government on a stimulus package with interest rate support totaling about VND20 trillion ($879.54 million) per year and an implementation period of two years, Minister of Finance Ho Duc Phoc told the National Assembly (NA) on November 9. He also proposed an increase to public debt levels so there are funds to support lending interest rates for businesses.

To help businesses resume production, the Ministry of Finance (MoF) has proposed temporarily waiving late payment penalties on the underpayment of corporate income tax (CIT) in the first three quarters of the year.

The Ministry of Finance (MoF) announced five Vietnamese public accounting standards on October 29, creating the basis for the country to increase its credit rating. It will issue 16 more between now and 2024.

Under the Ministry of Finance (MoF)’s public administration reform plan for the 2021-2025 period, it will strengthen the application of information technology and also work to improve the level of customer satisfaction over the handling of administrative procedures to at least 90 per cent.

MoF has released comments on a proposal regarding Metro Line No.1 and No.2 in HCMC.

The Ministry of Finance (MoF) believes that the purchase of domestic fabrics for the export products is not subject to the VAT rate of 0 per cent. Furthermore, there is no separate provision for VAT incentives for businesses.

According to data from the Ministry of Finance (MoF), total insurance premium revenue reached VND116.19 trillion ($5.06 billion) in the first seven months of 2021, an increase of 18.26 per cent year-on-year. As of the end of July, total assets in the insurance market were estimated at VND630.36 trillion ($27.52 billion), up 20.84 per cent year-on-year.

The Ministry of Finance (MoF) has proposed that initial registration fees for electric vehicles be cut by 50 per cent, to boost sales. The number of electric vehicles in Vietnam remains quite modest, and the country has just one auto maker producing them - VinFast.