unregistered pos payments cause tax losses

Unregistered POS payments cause tax losses

Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.
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.
finance ministry proposes new housing tax

Finance Ministry proposes new housing tax

The Ministry of Finance has proposed a tax on houses depending on their construction value as part of a draft law on property tax.
big companies fined for tax avoidance

Big companies fined for tax avoidance

Several listed companies on the two national stock exchanges have been punished for tax-related violations.They have paid penalties of up to several million US dollars due to an alleged lack of understanding of the regulations.
steel braves anti dumping tax

Steel braves anti-dumping tax

Amid concerns over US anti-dumping measures and anti-subsidy rates on corrosion-resistant and cold-rolled steel from Vietnam, local steelmakers are finding their way to self-reliance, thanks in part to the increased total capacity of the $10.6 billion Formosa Ha Tinh Steel complex.
agency to tax e commerce like other businesses

Agency to tax e-commerce like other businesses

The HCM City Tax Department plans to continue to collect taxes from online businesses that use Facebook and other social media sites.
tax on imported sugar to remain at 5

Tax on imported sugar to remain at 5%

The tax on imported sugar, as stipulated by the ASEAN Trade in Goods Agreement (ATIGA), will be maintained at 5 per cent from the beginning of this year, instead of zero per cent as previously rumoured.
uber and grab subject to tax in hanoi

Uber and Grab subject to tax in Hanoi

Uber and Grab, which have offices in Ho Chi Minh City and other cities and provinces, will have to pay taxes to the Hanoi People’s Committee.  
fertiliser tax does more good than harm experts

Fertiliser tax does more good than harm: Experts

Following the implementation of a provisional tax on imported fertilisers, more things need to be done to help balance benefits of both local producers’ and farmers’ benefits, industry insiders have agreed.
tax department confirms grab claim

Tax department confirms Grab claim

Ho Chi Minh City’s District 10 Tax Department has confirmed that Grab Vietnam paid VND140 billion ($6.16 million) to the Vietnamese state budget in the first ten months of 2017.
mof probes grab for possible tax evasion

MoF probes Grab for possible tax evasion

The Ministry of Finance (MoF) will continue coordinating with the State Bank of Viet Nam and other competent authorities to review the use of Malaysian company Grab’s grants from the mother company to its local branch.
city eyes large tax on second homes

City eyes large tax on second homes

The HCM City People’s Committee has proposed that the Ministry of Construction apply a high tax on second and subsequent homes, as well as when there are a high number of real estate transactions within a year.
no more alcohol tax hikes forum pleads

No more alcohol tax hikes, forum pleads

Taxes on alcohol and soft drinks should not be hiked again in the next few years since successive hikes in special consumption tax have had a strong impact on the market, a round table organised by the Viet Nam Beer, Alcohol and Beverage Association heard in HCM City on Wednesday.
experts tax customs reform needed

Experts: Tax, customs reform needed

Taxation and customs general departments must simplify their administrative procedures and eliminate unnecessary licences to attract more overseas Vietnamese investors, experts said.
business tax cheats to have licences revoked

Business tax cheats to have licences revoked

The Ministry of Finance has said it will recommend that businesses found to be evading taxes by repeated declaration of losses have their licenses revoked.