former senior banking advisor hua thi phan sentenced to 30 years of imprisonment

Former senior banking advisor Hua Thi Phan sentenced to 30 years of imprisonment

Hua Thi Phan was sentenced to 30 years of imprisonment on two charges, and has to repay VND16.796 trillion ($740 million) to Construction Bank (CB) as well as pay nearly VND17 billion ($0.75 million) for court fees.
brussels eyes eu sales tax financial tax in budget overhaul

Brussels eyes EU sales tax, financial tax in budget overhaul

The European Commission on Wednesday urged the introduction of an EU sales tax and financial services tax as part of an overhaul of the next EU budget that brought instant criticism from Britain.
tax department sends bibica 130434 fine and tax arrears

Tax department sends Bibica $130,434 fine and tax arrears

Bibica Corporation, one of the leading confectionery businesses in Vietnam, will have to pay VND3 billion ($130,434) in fines and tax arrears, VND2.1 billion ($91,304) of which is value-added tax arrears from 2016-2017, according to information published on its website.
vietnam tax summit 2022 covers up to date tax legislation

Vietnam Tax Summit 2022 covers up-to-date tax legislation

Vietnam Tax Summit 2022, the largest annual tax summit in the country that took place last week, featured thought-provoking guest speakers, industry experts, and tax specialists.
tax watchdog aims to better manage real estate tax transactions

Tax watchdog aims to better manage real estate tax transactions

Tax authorities are aiming to improve tax management of property transactions to prevent tax avoidance and increase State budget collection.
rsm tax in motion 2021 brings businesses up to speed on tax field updates

RSM Tax in Motion 2021 brings businesses up to speed on tax field updates

Tax is affecting businesses at a rapid pace. The motion from tax environment changes in general to new tax trends and specific recently developed treatments bring challenges and opportunities to companies of all sizes across many sectors.
vepr urges tax policies for fdi to be revised to prevent tax avoidance and evasion

VEPR urges tax policies for FDI to be revised to prevent tax avoidance and evasion

Vietnam needs to revise tax and land policies for foreign direct investment (FDI) companies to ensure a level playing field for businesses.
hanoi tax department launches march companion month to support tax payers

Hanoi Tax Department launches March Companion Month to support tax payers 

Hanoi Tax Department is launching the March Companion Month to better facilitate tax payers in their tax settlement with a number of new solutions amidst the COVID-19 outbreak.
enterprises relish low corporate income tax and tax payment time cuts

Enterprises relish low corporate income tax and tax payment time cuts

In the World Bank’s report entitled Doing Business 2015 released in mid-January, Vietnam’s effective corporate income tax rate (CIT) stands at 15.7 per cent, proving to be more attractive than Singapore (17 per cent), Indonesia (16.7 per cent), Thailand (17.9 per cent) and Malaysia (21 per cent).
extending mandate of tax authorities may halt tax evasion

Extending mandate of tax authorities may halt tax evasion?

Handing over the right of prosecution and investigation to the tax authorities is expected to hinder tax evasion as well as delayed tax payments by enterprises, especially multinational firms in Vietnam.
tax dept vows to collect tax from sales on facebook

Tax dept vows to collect tax from sales on Facebook

The HCMC Taxation Department has drawn up a plan to cooperate with agencies to collect tax from sales via social networks.
vietnams new tax regulations reflect global tax trends

Vietnam's new tax regulations reflect global tax trends

There have been various economic ups and downs in the post-pandemic era that have necessitated decisive measures to sustain growth. Despite an improvement in the third quarter of the year, Vietnam's economy still faces a number of obstacles to achieve its targets.
tax authorities puzzled over airbnb tax obligations

Tax authorities puzzled over Airbnb tax obligations

Despite Airbnb being present in Vietnam since 2015 and operating with profit, it is difficulty for tax authorities to tax the company as it does not yet have a business registration licence or a representative office and legal representation in Vietnam.
tax dodgers heavily tax the states coffers

Tax dodgers heavily tax the state’s coffers

Despite measures to beat tax dodgers, the state is still losing large amounts of money because of company fraud that involves generating fake invoices.
tax for development does vietnam need tax reform

Tax for development: Does Vietnam need tax reform?

To remain on its successful path of inclusive development, Vietnam will need large public investments for years to come.