multi dimensional opinions during formation of law on tax

Multi-dimensional opinions during formation of law on tax

In order to ensure the simplicity, consistency and transparency of the law, during the law formation process the government and lawmakers must listen to the multi-dimensional opinions from consultant firms and the relevant authorities.  
pm tells authorities to investigate tax evasion

PM tells authorities to investigate tax evasion

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Finance (MOF) and General Department of Taxation (GDT) to study media reports on transfer pricing of foreign direct investment (FDI) enterprises and tax policy.
foreign investors concerned about tax incentives and procedures

Foreign investors concerned about tax incentives and procedures

The lack of flexibility in tax incentive policies and the authorities’ delays in helping foreign investors to complete licensing procedures are two factors hindering foreign investors in Vietnam.
more banks provide e tax payment service

More banks provide e-tax payment service

The General Department of Customs (GDC) announced another four banks that qualify to provide its 24/7 e-tax payment scheme, raising the total to 22 banks.
tax collectors struggle to collect from internet income

Tax collectors struggle to collect from Internet income

A young man from the central province of Quang Nam reportedly showed up at the provincial tax department on Tuesday to pay his long overdue income tax from alleged income of US$700,000 he generated from Google from 2014-17.
gtnfoods has to pay 10323 in tax arrears

GTNFoods has to pay $10,323 in tax arrears

GTNFoods JSC, which holds 22 per cent of Tael Partners, an investment fund from Singapore, will have to pay VND233.3 million ($10,323) in tax arrears, fines, and late payment fees, according to the decision of the Hanoi Department of Taxation.
mcdonalds slammed for post brexit tax moves

McDonald's slammed for post-Brexit tax moves

Top European and US labour unions on Monday slammed McDonald's recent tax moves and pointed the finger at Britain, which critics believe could become a dangerous tax haven after Brexit.
habeco requested to pay 81mil in tax liabilities

Habeco requested to pay $81mil in tax liabilities

The State Audit of Vietnam (SAV) has proposed the Hanoi Beer Alcohol and Beverage JSC (Habeco) pay the State budget 1.85 trillion VND (81 million USD) in tax liabilities.
lg group investigated over tax evasion allegations

LG Group investigated over tax evasion allegations

The Korean authorities’ investigation into tax evasion at the country’s fourth biggest group, LG Group is causing a stir. The corporation promises full cooperation, as it did in Vietnam, when LG Electronics Vietnam Co., Ltd. was caught out by tax authorities.
mumusos tax code identical to another vietnamese company

Mumuso’s tax code identical to another Vietnamese company

The information page of Mumuso Vietnam Co., Ltd. on hosocongty.vn shows no relation to South Korea as the representative and charter capital are from Vietnam and China.
preferential tax rate cannot control car prices

Preferential tax rate cannot control car prices

Despite the 0 per cent preferential tax rate, the price of CBU cars imported from ASEAN members keeps increasing, showing that tax rates cannot replace market mechanisms to control automobile prices.
tobacco tax hike could help protect mothers children

Tobacco tax hike could help protect mothers, children

Raising tobacco taxes could help reduce smoking and the harm it causes to women and children, experts said at a workshop held in Hanoi on Monday.
amazon blocks australia from global sites over tax

Amazon blocks Australia from global sites over tax

US internet giant Amazon will block Australian shoppers from its international websites to counter new tax laws on online purchases, it announced Thursday (May 31).
doc lists condition for exemption from steel tax

DoC lists condition for exemption from steel tax

The US Department of Commerce (DoC) has notified the exemption of measures if Vietnamese steel export enterprises prove that the exported products are made from material not using Chinese-origin substrate.
posco under the steely glare of tax evasion scrutiny

POSCO under the steely glare of tax evasion scrutiny

POSCO-VNPC, a member of POSCO Vietnam Holdings, is faced with tax arrears of nearly VND30 billion ($1.37 million) due to a false classification of steel products, raising concerns about tax avoidance.