M-TP Entertainment, owned by singer Son Tung M-TP, says it faced tax enforcement of nearly 120 million VND due to a technical discrepancy in the system.
The Ministry of Finance considered regional household deductions, but Deputy Minister Nguyen Duc Chi highlighted its limitations and operational challenges.
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed a two-year grace period for administrative penalties against small businesses violating invoice regulations.
Experts suggest a 20-25% maximum personal income tax rate would be more suitable for Vietnam, given its average income level and the economy's need for savings and investment.
Taxpayers could see their personal income tax deductions rise to 13.3-15.5 million VND, with dependent deductions increasing to 5.3-6.2 million VND monthly, starting in the 2026 tax year, according to a proposal by the Ministry of Finance.
Vietcombank proposes eliminating the regulation requiring commercial banks to withhold and remit taxes on behalf of foreign entities earning income in Vietnam.
Ten days after the two-tiered administrative system came into effect, accountants at a consumer goods company are still manually verifying customer addresses for invoicing.
E-commerce platform operators are responsible for withholding, remitting, and filing periodic tax returns; individuals and household businesses are eligible for tax refunds if their revenue falls below the taxable threshold.
The Ministry of Finance proposes to continue reducing the environmental protection tax on gasoline by 50%, jet fuel by 70%, and kerosene by 40% until the end of next year.
Many celebrities selling goods on social media have proactively declared and paid over 40 billion VND to the state budget, according to the deputy director of the Hanoi Tax Department.
VietinBank has launched an integrated financial package to support small businesses in opening accounts, accessing loans, and utilizing e-invoices and sales software in accordance with Decree 70.
Refusing cashless payments to avoid taxes is illegal and demonstrates a lack of responsibility towards public financial obligations, according to Hanoi police.
