tax authorities clamping down on foreign evaders

Tax authorities clamping down on foreign evaders

Foreign-invested enterprises will no longer be allowed to ignore their tax obligations as Vietnamese tax departments step up action on duty-dodging businesses.
most enterprises satisfied with tax administrative reform

Most enterprises satisfied with tax administrative reform

Seventy-eight per cent of surveyed enterprises expressed satisfaction with tax administrative reforms this year, up 3 per cent compared to 2016.
crude import tax zeroed in november

Crude import tax zeroed in November

The Prime Minister announced import tax on crude oil will be scrapped from the current rate of 5 per cent.
tax implications of cross border trade

Tax implications of cross-border trade

"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."
france sticks to digital tax despite us anger

France sticks to digital tax despite US anger

Finance Minister Bruno Le Maire said on Friday (Apr 5) that France would stick to plans for a tax on digital giants such as Facebook and Apple, despite displeasure in Washington.
car deals to cushion tax impact

Car deals to cushion tax impact

CAR firms are supporting registration fees and reducing prices to lure back customers scared off by the car price hike since the beginning of the year, due to new taxes.
unilever denies tax dodging charges

Unilever denies tax-dodging charges

Despite the taxes being cut from VND800 billion ($34.78 million) to nearly VND600 billion ($26 million), Unilever Vietnam continues to express dissatisfaction with the State Audit Office of Vietnam’s (SAV) proposal.
disputes drag on over inconsistent tax incentives

Disputes drag on over inconsistent tax incentives

Foreign enterprises and local authorities continue to clash over inconsistencies related to preferential policies for expansion projects during 2009-2013.
no tax paying delay for closing businesses

No tax paying delay for closing businesses

Tax payers and businesses that are completing their dissolution procedures shouldn’t be allowed to postpone their late tax payments and charges for late tax payment.
solution near for tech giant tax limbo

Solution near for tech giant tax limbo

Applying the highest tax rate on advertisers of Facebook and Google seems to be the Vietnamese government’s latest solution to collect taxes from the technology giants, who still do not have representative offices in Vietnam and currently pass through a policy blind spot.
tax implications on vietnams bond market

Tax implications on Vietnam’s bond market

Through the long process of formation and development, the bond market in Vietnam has been growing in both depth and scale, proving its role as a medium for long-term capital mobilisation in the economy, as well as addressing the shortfall of the state budget.
environmental protection tax on many commodities next year

Environmental protection tax on many commodities next year

Lawmakers have decided to raise the environmental tax on a number of commodities from January 1, 2019.
nestle leading the way in tax compliance practices

Nestlé leading the way in tax compliance practices

Nestlé Vietnam, a leading nutrition, health and wellness company, has picked up yet ­another accolade from a local administration, attesting to the company’s long-term investment and development commitment in the Vietnamese market.
new zealand to tax tourists to fund infrastructure

New Zealand to tax tourists to fund infrastructure

New Zealand announced plans Friday to introduce a tourist tax and increase other fees for international visitors to fund infrastructure development in the face of a tourist boom.
traphaco and cadivi fined for tax arrears

Traphaco and Cadivi fined for tax arrears

The Hanoi Department of Taxation has just issued a fine of nearly VND1 billion ($44,000) to Traphaco JSC (code: TRA) and VND5.5 billion ($242,300) to Vietnam Electric Cable Corporation (Cadivi, code: CAV) for erroneous tax declaration.