vietnam approves 30 pct corporate income tax reduction

Vietnam approves 30 pct corporate income tax reduction

The Government has decided to implement a 30 percent corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
foreigners earning incomes from providing services in vietnam what are their tax liabilities

Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities?

With the increasing trends in economic integration, it is normal that overseas organisations and foreigners generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organisation earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (“FCT”).  How about tax liabilities of a foreigner earning income through providing services in Vietnam?  
despite huge revenues facebook and google pay tiny tax in vietnam

Despite huge revenues, Facebook and Google pay tiny tax in Vietnam

Despite making billions of dollars in revenue, two giant technology brands Facebook and Google only paid miniscule taxes to the Vietnamese government.
grant thornton vietnam hosts seminars to update on key tax changes

Grant Thornton Vietnam hosts seminars to update on key tax changes

Grant Thornton Vietnam hosted tax seminars with the chairwoman of the Vietnam Tax Consultants Association (VTCA) as a guest of honour, to highlight important tax policies in 2017 and update on key regulatory changes from 2018.
vietnam fails to enforce tax payments from uber bv

Vietnam fails to enforce tax payments from Uber B.V?

To date, the Ho Chi Minh City Department of Taxation has yet to enforce tax payments from Uber B.V because the company has yet to open a bank account in Vietnam.   
big c vietnam pays off 93 million tax arrears

Big C Vietnam pays off $93 million tax arrears

Big C Vietnam, representing its new owner Central Group, has paid off the whole VND2.034 trillion ($93 million) it declared in tax earlier.
central group to shoulder the tax for buying big c vietnam

Central Group to shoulder the tax for buying Big C Vietnam?

Vietnam’s General Department of Taxation has requested Central Group to pay the regulated tax arrears incurred by the transfer of Big C Vietnam supermarket chain, after failing to collect its dues from previous owner Groupe Casino.
vietnam mulls 10 pct excise tax on online games

Vietnam mulls 10 pct excise tax on online games

Vietnam’s Ministry of Finance has proposed adding online games to the list of goods subject to special consumption taxes, which currently includes tobacco and liquor products, a decision that could result in VND650 billion (US$30.59 million) in tax collection per annum.
vietnam will remain fdi magnet with global minimum tax in place

Vietnam will remain FDI magnet with global minimum tax in place

On November 29, the National Assembly of Vietnam approved a resolution on applying additional corporate income tax following the Global Anti-Base Erosion Rules, which is expected to have an impact on foreign direct investment (FDI) inflows into Vietnam.
vietnam extends tax payment deadline for domestically manufactured cars

Vietnam extends tax payment deadline for domestically manufactured cars

The government has extended the deadline for special consumption tax (SCT) payments for domestically manufactured and assembled cars.
vietnam temporarily exempts online gaming from special consumption tax

Vietnam temporarily exempts online gaming from special consumption tax

Vietnam's government has delayed the decision to include online gaming services in the scope of the country's special consumption tax, leading to a sigh of relief from domestic industry stakeholders.
vietnam sets october for move towards global minimum tax adoption

Vietnam sets October for move towards global minimum tax adoption

The Vietnamese government is slated to table the proposed legislation regarding global minimum tax before the National Assembly in October, with the General Department of Taxation (GDT) forecasting an implementation timeline commencing at the outset of 2024.
vietnam must revisit policies to develop implementation of global minimum tax

Vietnam must revisit policies to develop implementation of global minimum tax

Countries that have outbound and inbound investment activities have been making drastic moves in considering policies related to the global minimum tax (GMT). If Vietnam does not take immediate action or delays implementing it, it may miss the opportunity to have the right to tax and may be left behind in attracting foreign investment.
vietnam mitigates global minimum tax issues for foreign investors

Vietnam mitigates global minimum tax issues for foreign investors

Vietnamese tax officials are strategising resource allocation and customised support mechanisms to alleviate the consequences of the global minimum tax (GMT) on foreign enterprises, ensuring an appealing investment climate.
tax department in vietnam asks banks to provide transaction information

Tax Department in Vietnam asks banks to provide transaction information

The General Department of Taxation has issued a letter requesting commercial banks and other credit institutions to provide transaction information, account balances, and data as requested by the directors of local tax departments.