panama papers trigger tax probes

Panama papers trigger tax probes

Localities have expressed high hopes for the tax office’s investigation into the affairs of Vietnamese citizens linked to the Panama Papers leaks.
mof drafts preferential tax for smes

MoF drafts preferential tax for SMEs

The Ministry of Finance is drafting a proposal on corporate income tax applicable for small and medium-sized enterprises (SMEs) in the next five years.
formosa may see hefty fine in tax arrears

Formosa may see hefty fine in tax arrears

Hung Nghiep Formosa Ha Tinh Steel Co., Ltd. (HFS), the operator of the $10.5 billion steel and port complex in the central province of Ha Tinh, may have to pay VND1.555 billion ($69.6 million) in tax arrears, including refunded value added tax (VAT), deducted taxes, and late payment fees, according to newswire Vnexpress.net.
corporate tax cut curtails incentives

Corporate tax cut curtails incentives

A new lower tax rate across the board should be a boon to corporations – but it also means that companies previously granted favourable tax rates will now be at the base level.
finance ministry clarifies tax rate

Finance ministry clarifies tax rate

The Ministry of Finance said a bad translation claiming that the tax-rate-to-profit ratio in Viet Nam was high, accounting for nearly 40 per cent of profit and undermining competitiveness, caused misunderstandings.
tax used to tackle imports of pig iron

Tax used to tackle imports of pig iron

The Ministry of Finance plans to lift the preferential 0 per cent tariff on pig iron imported into Vietnam to 3 per cent to protect local producers, according to its newly-published draft circular amending Circular 182/2015/TT-BTC.
beverage companies seek tax delay

Beverage companies seek tax delay

Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans.
nokia assessed for hi tech tax break

Nokia assessed for hi-tech tax break

Nokia Vietnam, now a wholly-owned subsidiary of Microsoft, must await final approval from the Ministry of Science and Technology to see if it qualifies as a hi-tech enterprise eligible for tax incentives.
vn households may soon pay tax online

VN households may soon pay tax online

Online tax payment will likely be availabe to individuals and business households in Viet Nam soon with the pilot implementation underway in three major cities.
car prices jump following tax adjustment

Car prices jump following tax adjustment

The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.
vietnam tax breaks for troubled investments

Vietnam tax breaks for troubled investments

The 60-day deferral of Value Added Tax (VAT) payments on importation and VAT refunds are the tax incentives Viet Nam applies to investment projects facing objective financial problems.
tax perks stimulate nidec projects

Tax perks stimulate Nidec projects

The Vietnamese government has just granted preferential corporate income tax of 10 per cent for Nidec Corporation’s three investment projects in Saigon Hi-Tech Park, encouraging the group to expand its operations in Vietnam.
india considers tax on vn dvds

India considers tax on VN DVDs

The Directorate General of Anti-Dumping and Allied Duties (DGAD) of India will arrange a hearing on the imposition of an anti-dumping tax on DVDs imported from Viet Nam, according to the Competitiveness Management Department under the Vietnamese Ministry of Industry and Trade.
foreign experts to enjoy tax exemption

Foreign experts to enjoy tax exemption

Foreign experts working on aid projects for foreign non-governmental organisations and Vietnamese nationals employed full-time by UN organisations will soon be exempted from personal income tax.
tax waiver draft under heavy debate

Tax waiver draft under heavy debate

The Ministry of Finance’s kindness to waive the late tax payment toll for businesses in difficulties may face objection from the parliament one more time.