The Prime Minister issued Direction 14 / CT - TTg on the action plan on the State Budget for 2017 on April 19, 2017.
Regarding taxation and tariffs, the following contents are announced.
· In the manufacturing and commercial activities, tax revenue for import
transactions increase from 14% to 16% and from 5% to 7% for export transactions
compared to 2016.
· Do not issue new tax regulations to reduce tax revenues. (Excluding those
promised internationally)
· Strengthening tax survey, customs ex post investigation. Databases of
imports and the appropriateness of taxable prices, centering on high price,
high tax rate products such as automobiles and cosmetics will be focused.
· Stricter requirement for VAT refund