Tag: The Ministry of Finance

Proposed VAT on land transfer under fire

The Ministry of Finance’s proposal to impose 10 per cent value added tax (VAT) on the transfer of land use rights has met with objections, as it might increase land prices. Hà calculated that costs for transferring land use rights would increase 10-15 per cent and deter home buyers, adding that housing makes up 70 […]

Capital assignment tax won’t affect FDI and M&A: experts

The Ministry of Finance (MOF) has proposed adjusting the rate of the capital assignment profit tax imposed on foreign enterprises in Vietnam in an effort to simplify the process of collection and treatment of corporate income taxes. The taxation will be applied to all capital assignment deals of foreign enterprises, regardless of resident status in […]