Taxation in Vietnam

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The Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business – Vietnam National University, Hanoi, on May 25 announced Vietnam’s tax equity report 2017.

While industry experts worry about losses, economists demand to know how the tax money will be spent.

The proposal to amend the Environmental Protection Tax Law has faced strong opposition over the last two years when the draft law was opened for public opinion.

Unexplained assets should be seized from civil servants instead, some legislators say. Some members of Vietnam’s legislative National Assembly have expressed concerns about a proposal to slap a heavy tax on officials with unexplained incomes or assets, saying it could be used to launder money.

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 per cent for trades not registered to the Vietnam Securities Depository and not made on the securities market.

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