lenders juggle with tax info obligations

Lenders juggle with tax info obligations

Cybercriminals and the exposure of account information remain significant barriers for all stakeholders, with commercial banks now required to identify and collect holding information of customers to relevant authorities in a bid to fulfil tax obligations.
fixes aim to clear up e commerce tax

Fixes aim to clear up e-commerce tax

With the fast development of digital commerce in the past few years, an adjusted decree from the Ministry of Finance and a new e-commerce tax portal are expected to facilitate better tax management for e-commerce platforms.
nation urged to prepare for tax overhaul

Nation urged to prepare for tax overhaul

Tax incentives have always been a key factor in attracting foreign direct investment into Vietnam. However, concerns are arising as a global minimum tax agreement threatens to shake up the entire system and, therefore, foreign funding prospects.
tax cuts on agenda to assist recovery

Tax cuts on agenda to assist recovery

New fiscal solutions are set to be applied to reduce risks of high inflation this year which are looming due to massive pressure in growing prices of a series of indispensable items and services, affecting consumption recovery and economic growth.
no policy for draft law on property tax

No policy for draft law on property tax

The Ministry of Finance (MoF) made an announcement on March 14 stating that there is currently no policy in place to prepare a draft law on real estate taxation.
tax authorities ask for estate transactions through banks

Tax authorities ask for estate transactions through banks

All real estate transactions must be implemented through banks, the General Department of Taxation has proposed to the Ministry of Finance.
nations strive to unite on tax collection

Nations strive to unite on tax collection

Vietnam is being urged to stay current on the changing tax landscape and keep an eye on the broader global picture as the world continues to debate a far-reaching minimum corporate tax rate.
tax authorities double down on cross border compliance

Tax authorities double down on cross-border compliance

A fresh tax scheme by the General Department of Taxation is focusing on overseas providers engaging in cross-border activities without a physical presence in the country, helping to alleviate their tax compliance puzzles in Vietnam.
businesses seeking access to tax cuts

Businesses seeking access to tax cuts

A new bailout package worth over $900 million is expected to help local companies to recover soon through tax reductions, but for some this solution may come too late to overcome the health crisis completely.
hanoi clears up businesses tax concerns

Hanoi clears up businesses’ tax concerns

Enterprises, especially foreign-invested firms affected by the COVID-19 pandemic, had their tax-related concerns cleared up by the Hanoi Department of Taxation during an online conference on November 16.
supporting multinationals to plan out tax strategies

Supporting multinationals to plan out tax strategies

The Ministry of Finance’s Circular No.45/2021/TT-BTC guiding the application of advance pricing agreements is considered a mechanism for multinational corporations to plan tax strategies. Dinh Mai Hanh, tax partner at Deloitte Vietnam, talked to VIR’s Hoang Anh how the circular contributes to enhancing the regulatory framework on transfer pricing in Vietnam.
plastic tax proposal meets opposition

Plastic tax proposal meets opposition

Hyosung Vina Chemicals’ proposal to increase the imported tax for models of polypropylene is facing opposition from the Vietnam Plastics Association because they believe it will push manufacturing costs up and limit their expansion.
multitude of options on table for further tax interventions

Multitude of options on table for further tax interventions

With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community. Meanwhile, some black sheep are profiting from the current policies – an issue that would need to be remedied to free up resources for those in real need.
landmark corporation tax deal changes the game

Landmark corporation tax deal changes the game

Last week, the G7 countries agreed on a historic deal for a global minimum corporate tax rate for international companies.
e commerce expansion complicates tax obligations

E-commerce expansion complicates tax obligations

As one of the fastest-growing internet economies, Vietnam boasts great potential for e-commerce thanks to the country’s increasing young and tech-affine population. E-commerce has driven significant growth in Vietnam at 46 per cent, alongside strong growth across most sectors except for travel, according to a report from Google, Temasek and Bain & Company.