Taxation


Tax on property gains coming

Vietnam will impose a tax of 25 percent on capital gains in property transactions as it moves to curb skyrocketing prices and speculation, the National Assembly, or parliament, said.

The tax, in addition to a 2-percent transfer tax already in place, would be applicable from January 2009, the office of the one-party legislature said in a report seen on Wednesday.

 
Tax on stock income coming in January
Vietnam's lawmakers have approved a 20 percent tax on income from the country's rapidly growing stock market.

The measure, approved by the National Assembly on Tuesday, will take effect in January 2009.

Until now, lawmakers have not taxed the fledgling market, which opened in 2000. But they have concluded the market has matured to the point where a tax would not harm its development.

 
Circular 32/2007/TT-BTC on Value Added Tax

MINISTRY OF FINANCE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No. 32-2007-TT-BTC

Hanoi, 9 April 2007

 
Depreciation costs are deductible, aren’t they?

(VNS-3/01/07)In the interests of creating an equitable and transparent legal environment for investment, the National Assembly has passed a raft of laws and the Government has adopted a ream of regulations in an effort to erase discrepancies in the law.

But, at the same time, some ministries and agencies seem to have been working at cross purposes, issuing regulations that create further inequities in the law.

 
Exposure Draft for new Personal Income Tax Law

 
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