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Ministry proposes special tax on online games

Update: October, 07/2014 - 08:51
Kids play online games at a store. Recently, the Ministry of Finance proposed to apply a special 10 per cent consumption tax on online games when statistics of tax departments show its high revenues. — Photo gamek.vn
HA NOI  (VNS) — The Ministry of Finance recently submitted a proposal to the Prime Minister about applying a special 10 per cent consumption tax on online games.

The online educational games approved by the Ministry of Education and Training are proposed to be exempt from the tax.

The special tax is expected to help orient the business and production operations of firms and enhance the management of online games. The ministry has suggested a 10 per cent tax to initially help enterprises to manage and take initiatives in outlining plans for investment, production and business.

It is projected that the special tax will bring in more than VND650 billion (US$30.9 million) per year. — VNS



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