Proposed VAT law amendments stir much debate in Vietnam

A souvenir shop in Hà Nội. The Ministry of Finance proposes to require individuals and household businesses earning VNĐ150 million (US$6,250) annually to pay VAT. — Photo hanoimoi.vn

HANOI: In the proposed amendments to the Value Added Tax (VAT) Law, the Finance Ministry has put forward a revision that would require individuals and household businesses with an annual revenue of 150 million dong to pay VAT.

This is an an increase of 50 million dong from the current threshold.