Vietnam needs to raise tobacco prices and taxes: WHO’s expert
A health ministry survey in 2022 found that 3.5% of Vietnamese people aged 13 to 15 were using e-cigarettes.
A health ministry survey in 2022 found that 3.5% of Vietnamese people aged 13 to 15 were using e-cigarettes.
This would reduce budget revenues by VND5.8 trillion (US$246.7 million) per month and by VND35 trillion (US$1.48 billion) over the last six months of the year.
This incentive would ensure a sustainable future for Vietnam’s economy toward net-zero emissions by 2050.
Green Taxi SM branded electric taxis will be available in public places and throughout Vincom's commercial center system in Hanoi.
Advances in technology may be the key to solving the problems faced by local taxi companies.
The application of modern and highly automated information technology is expected to create the best conditions for taxpayers to fulfill their tax obligations.
The authorities also extended the payment deadline for taxes and land rental fees of VND106 trillion ($4.5 billion) for local firms.
Vietnam’s total tax revenue was estimated at VND1,460 trillion ($61.86 billion), exceeding the estimate by 24.3%.
The cut is necessary to help citizens weather inflation and support socioeconomic recovery.
Experts have analyzed the key problems that have prevented better collection of tax on electronic transaction in Vietnam.
The first selection process for the second quarter would take place on October 15 at the latest, with the invoice’s owner having the opportunity to win prizes of up to VND50 million (US$2,100).
The tax cut is scheduled to take effect in six months, subject to the approval of the Standing Committee of the National Assembly.
Hanoi expects positive economic performance in 2023 would result in the higher budget collection.
Vietnam is now among the first four Southeast Asian countries collecting taxes from offshore service providers that currently do not have a representative office in the host country.
The move aims to stabilize market prices of strategic commodities, contributing to containing inflation and supporting the monetary policy in the short- and medium-term.
The country is on track to reach a GDP growth of 6.8-7% this year.
The driver's license will be suspended for two months.