legislator cut enterprise income tax

Legislator cut enterprise income tax

  Law makers on April 16 backed the Government's proposal to reduce the current general level of enterprise income tax to 22 per cent in an effort to boost investment in Vietnamese businesses.
import tax cut plan backlash

Import tax cut plan backlash

Hanoi - A plan to reduce import taxes on trucks proposed by the Ministry of Finance could harm the domestic automobile industry, said auto firms and experts.
green tax leads to colourful debate

Green tax leads to colourful debate

“Nylon is seriously destroying the environment. Millions of nylon bags are used in Vietnam each day and the material takes hundreds of years to disintegrate”
tax case bounces rubber firm

Tax case bounces rubber firm

Local firm Saigon-Kymdan Rubber is facing a tax arrears collection case due to a related parties transaction with prices inappropriate with market rates.
big names face tax scrutiny

Big names face tax scrutiny

Big-name foreign companies such as Adidas, Coca-Cola and PepsiCo are facing scrutiny from local tax authorities on transfer pricing possibility in Vietnam.
auto firms to face tax hit

Auto firms to face tax hit

State agencies are considering collecting tax arrears worth trillions of dong from several auto joint ventures relevant to ATIGA tax preference eligibility.
workers set for a tax break

Workers set for a tax break

The revised draft Personal Income Tax (PIT) Law took to the National Assembly agenda on October 26 and Deputy Minister of Finance Vu Thi Mai said 70 per cent out of a total 3.87 million labourers named in enterprise payroll system would not be required to pay tax if the VND9 million ($428) payment threshold was passed by the National Assembly.
paid up enjoy a tax holiday

Paid up?  Enjoy a tax holiday

Enterprises without overdue tax debts will continue to enjoy a tax grace period.  
tax dodgers a shared problem

Tax dodgers?  A shared problem

Dr. Phan Huu Thang, director of National Economics University’s Centre for Foreign Investment Studies, discusses the role of foreign business associations in helping state agencies combat transfer pricing for tax evasion by some multinationals.
tax breaks needed for struggling firms

Tax breaks needed for struggling firms

More value added and corporate income tax support is needed to help under fire companies.
eximbank and gdc co operate in tax collection

Eximbank and GDC co-operate in tax collection

The Vietnam Export-Import Bank (Eximbank) and the General Department of Customs (GDC) signed an agreement yesterday to co-operate in collecting taxes and customs duties electronically.
govt clarifies tax incentives for smes

Gov’t clarifies tax incentives for SMEs

The government has just issued a decree clarifying tax reductions and exemptions for small- and medium-sized enterprises grappling with difficulties due to the economic downturn.
time to map out land tax impacts

Time to map out land tax impacts

The government’s urgent push to knock property taxation into shape will leave significant footprints on future real estate projects in Vietnam, writes Ninh Van Hien, tax partner and Ronald Parks, tax director at KPMG  Vietnam.

Tax refunds made simple for firms

Companies will learn the outcome of their tax refund applications in 15 days under new tax department regulations issued last week.
hyundai vinashin faces tax burden

Hyundai-Vinashin faces tax burden

Hyundai-Vinashin shipbuilding joint venture is entering rough seas with a looming tax wave to break on its bow.