blueprint builds on hopes for cross border tax collection

Blueprint builds on hopes for cross-border tax collection

Vietnam’s cross-border tax management in 2021 is foreseeing an optimistic outlook thanks to the validity of some related regulations from late last year. However, local end-users may bear larger costs for the services due to the current landscape.
end of the game nigh for online tax dodgers

End of the game nigh for online tax dodgers

The age of unfettered freedom for online business and vendors is coming to a close as Vietnamese authorities are building policies to better trace these activities and collect the state’s due.
us removes anti dumping tax on minh phu shrimp

US removes anti-dumping tax on Minh Phu shrimp

United States Customs and Border Protection (CBP) has cancelled anti-dumping tariffs imposed on Minh Phu's subsidiary.
ride hailing firms forced to complete tax mission

Ride-hailing firms forced to complete tax mission

Vietnam is narrowing the gap in competition between ride-hailing businesses and traditional taxis by imposing 10 per cent VAT on the former.
tax on bonus share selling still controversial experts

Tax on bonus share selling still controversial: experts

Starting on December 5, investors will have to pay a 5 per cent individual income tax if they want to sell bonus and dividend shares in accordance with Decree 126/2020/ND-CP.
vietnam stands to benefit from new oecd tax rules

Vietnam stands to benefit from new OECD tax rules

On October 12, the Organisation for Economic Co-operation and Development (OECD) in cooperation with the G20 released their much-awaited blueprint for taxing the digital economy. This blueprint proposes changes to existing international tax rules to allow countries like Vietnam to tax the business profits of multinational enterprises who do not have a physical presence in Vietnam.
holes in net as state fishes for tax boost

Holes in net as state fishes for tax boost

Complicated tax laws and a shortage of auditors are hurting the state’s ability to hit up enterprises for tax contributions.
hpa introduces new tax policies for businesses in hanoi

HPA introduces new tax policies for businesses in Hanoi

Hanoi Promotion Agency (HPA) promotes new tax policy updates and consulting activities in 2020 and answers problems in the implementation process for enterprises in Hanoi.
na considers govt proposal on tax policies

NA considers gov’t proposal on tax policies

The 12 th National Assembly Standing Committee opened its 42nd session in Hanoi on July 13 to review the government’s proposal on tax exemptions, reductions and extensions in 2011 and give opinions to the draft resolution on tariffs environmental protection.
new green tax set to colour firms thinking

New green tax set to colour firms’ thinking

Vietnam is to clean up its environmental act with a new tax on products ranging from plastic bags to pesticides.
vietnam tax duty to be obligatory for google facebook soon

Vietnam: Tax duty to be obligatory for Google, Facebook soon

Google and Facebook will have to perform their tax duty and take responsibility for content verification of cross-border advertising services in Vietnam, as new rules will come out soon.
formulating tax laws for modern international trends

Formulating tax laws for modern international trends

According to US Supreme Court Justice Wendell Holmes, Jr, "Taxes are what we pay for civilised society”. And just like the societies we live in, tax laws must evolve and adapt to new circumstances and challenges in order to pay for the provision of government goods and services as well as the infrastructure we rely upon to lead our daily lives. 
vietnam closes in on tech app tax avoiders

Vietnam closes in on tech app tax avoiders

Apple and Google are once again under fire over tax avoidance in Vietnam, with none of their revenues from their app markets being retained in the country. However, a new law could soon enable local authorities to take their cut.
government tax cuts to ease burden on businesses

Government tax cuts to ease burden on businesses

The Vietnamese government is rolling out several tax relief measures to support cash-strapped businesses, particularly local and foreign enterprises, the aviation industry, and agricultural groups.
deadlines for tax and land use fee payments extended

Deadlines for tax and land use fee payments extended

Prime Minister Nguyen Xuan Phuc on April 8 approved Decree No 41/2020/ND-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.