Proposal for the Personal Income Tax Law 2025: Major Changes and Impacts
Why is a Major Reform Necessary? Vietnam is entering a phase of economic and social development filled with both challenges and opportunities. In this context, the tax system plays a crucial role in income redistribution, fostering economic growth, and ensuring government revenue. The Personal Income Tax Law 2025 represents a significant step in tax system reform, aiming to enhance fairness, transparency, and alignment with real-world economic conditions. Let’s examine the groundbreaking aspects of the Personal Income Tax Law 2025 proposal …
7 Powerful Impacts of Abolishing Tax Exemptions in Vietnam for Imports Under 1 Million VND
On February 18, 2025, Vietnam will implement a significant change in its tax policy by abolishing import tax and VAT exemptions for goods valued under 1 million VND. This decision marked a turning point for Vietnam’s economy, particularly impacting the cross-border trade and e-commerce industries. The move aims to boost domestic production and create a more equitable tax environment, but it has also introduced several challenges. In here, we will explore the 7 powerful impacts of abolishing tax exemptions in Vietnam, its effect on busines…
Social Plugin