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Tax
Recently, the US government has shown strong moves to protect domestic production through a series of executive orders issued to strengthen the tariff barriers of this trading country. On April 3, the President of the United States announced a list of countries subject to U.S. reciprocal tariffs and applicable tariffs, which are seen as a retaliatory measure in response to the tariff policies of trading partners. Previously, Vietnam made necessary preparations to respond to the US tariff decree through a Decree amending and supplementing the preferential import tariff rates of a number of items in the Preferential Import Tariff according to the List of taxable items issued together with the Government's Decree No. 26/2023/ND-CP dated May 31, 2023 ("Decree amending and supplementing the Addition").
Stepped up to protect the U.S. domestic manufacturing industry, these investigations could lead to retroactive tariffs, import bans, and the collapse of Vietnam's market share in the world's largest market. With an estimated Vietnam-US trade surplus of $110 billion in 2024, key industries such as steel, textiles, fisheries, and furniture are at risk of being targeted by the U.S. Department of Commerce and the U.S. International Trade Commission. In the face of this complicated legal problem, how do Vietnamese businesses need to respond to maintain their position in the US market? This article will analyze the challenges of anti-dumping/anti-subsidy and solutions of businesses from a legal perspective.
There is a rush of information from the US government to impose tariffs on goods of countries importing into this country. The tax rate is increasing every time, putting more pressure and worry on businesses. Vietnamese businesses are not out of this worrying "spiral". However, in the face of a wave of evil, it is always a wise choice to calm down to find the right countermeasures.
The changes in US tariff and trade policies, especially the increase in tariff and trade remedies since the beginning of President Trump's 2nd term, have put Vietnamese businesses in an urgent need to adjust their business strategies and find solutions. The new direction is both practical and at the same time must be effective so that Vietnamese businesses can calmly respond and overcome the fierce wave called "US tariffs".
The information of increasing import tariffs has been rushing and turning around continuously since US President Donald Trump was elected to a second term has put Vietnamese businesses in the "high alert zone". The Trump administration's implementation of a series of new tariff policies to protect the domestic economy, reduce the trade deficit and boost domestic production has made the already "hard-to-eat" U.S. market even more difficult.
Decree No. 20/2025/ND-CP ("Decree 20") was promulgated on February 10, 2025, and will take effect on March 27, 2025, to address these shortcomings. However, whether the amendments truly meet the demands of modern tax administration and create a more favorable environment for businesses remains to be verified.
In practice, many enterprises remain uncertain and encounter various difficulties when handling tax issues related to capital transfers. This article will clarify the tax obligations and requirements that businesses engaging in capital transfers must take into account, including applicable taxes, declaration obligations, payable tax amounts, potential legal risks, and tax incentive policies.
The abolition of the tax exemption policy for low-value imported goods is a necessary step to strengthen regulatory control and create a fair competitive environment between imported and domestically produced goods. However, the complete removal of this exemption also raises challenges in enforcement and the risk of financial burdens on consumers and small businesses.
Value Added Tax (“VAT”) refunds are a significant aspect of business operations, particularly for import-export enterprises. However, numerous businesses continue to face challenges and obstacles in the refund process. It can be said that VAT refunds hold substantial significance for businesses, as the refunded amount can constitute a significant portion of a large company's cash flow.
Tax is one of the obligations of enterprises in the process of business operation, late tax payment can lead to many unfortunate consequences for enterprises. In this article, Lawyer Nguyen Nhat Duong will share and mention the risks of enterprises with tax arrears having their enterprise registration certificates revoked and being forced to dissolve.
In this article, Trainee lawyer Cao Nguyen Bao Lien discusses the difficulties businesses face in determining whether or not their industries and services are eligible for VAT reduction. Even when businesses consult tax authorities on this issue, there are still differences between local tax authorities.
On June 4, 2024, the General Department of Taxation also promulgated official telegram No. 01/CD-TCT to check the tax declaration and payment for individuals who livestream sell goods
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