05-08-2011 14:00
Export taxes on all kinds of coal would be increased from the current 15 per cent to 20 per cent as of September 11 to limit the outflow of the natural resource, according to a new circular issued by the Ministry of Finance.
01-03-2021 12:53
Vietnam is a country where internet users account for more than half of the country’s population and this is expected to increase sharply in the coming years.
03-03-2021 08:00
To support businesses to recover operations soon, numerous policies related to deferring tax and land rent payments are to be put in place, while a reduction in corporate income tax is being considered.
03-03-2021 11:00
The long-standing dispute between Vietnamese tax authorities and foreign-invested enterprises continues to rumble on, with many companies suffering legal setbacks in a bid to avoid tax obligations.
13-11-2020 12:48
Proposals currently being pored over to recognise short-term leasing of apartments as a legal business will put pressure on popular homestay groups such as Airbnb.
21-11-2020 08:00
Vietnam’s ability to charge taxes from cross-border platforms may soon improve thanks to the Organisation for Economic Co-operation and Development’s new tax rules, focusing on expanding the country’s taxing rights under international laws.
20-11-2020 10:26
A US court mostly sided with tax authorities in a dispute with Coca-Cola over how the soda giant reports income from some overseas markets, according to a ruling this week.
21-04-2020 10:00
The ongoing pandemic has prompted the Vietnamese government to push back deadlines for tax and land use fee payment. Notwithstanding, firms can find themselves in hot water due to the lack of eligibility criteria.
09-06-2020 08:00
Over 700,000 micro- and small-sized enterprises in Vietnam could receive a hefty reduction in corporate income tax payable this year, while more than one million individual taxpayers could be beneficiaries of personal income tax deductions.
12-06-2020 09:00
The National Assembly is expected to provide millions of farming households and thousands of agricultural firms nationwide with an exemption of tax for using agricultural land for the 2021-2025 period, which will also help the country secure more investment into agriculture.
22-06-2020 08:00
The deductibility of intercompany expenses involving “non-tangible” goods transactions continues to be an area of focus by the tax authorities, particularly those expenses for payments relating to intellectual property or provision of services. Joseph Vu, partner of Transfer Pricing, and Nguyen Thanh Hoa, partner of Legal at KPMG Ltd., take a closer look and give insights on mitigating risks regarding deductibility of these expenses from a tax and transfer pricing perspective.
15-01-2020 15:32
The General Department of Taxation plans to inspect tax compliance at 19.5 per cent of businesses in 2020, the department’s Director Cao Anh Tuan said on Tuesday.
13-12-2019 11:53
Foreign-invested enterprises will no longer be allowed to ignore their tax obligations as Vietnamese tax departments step up action on duty-dodging businesses.
11-06-2011 16:47
Seatech last week announced the launch of Vietnam’s first online tax declaration service to local taxpayers in Vietnam.
04-11-2019 12:24
VNT Logistics (ticker: VNT) has been fined nearly VND4 billion ($173,900) for tax issues, according to the Hanoi Tax Department.