rd cuts after tax profit growth

R&D cuts after-tax profit growth

One of Vietnam’s leading bedding goods producer Everpia Vietnam (EVE) deducted 10 per cent of its 2010 net profit to finance its research and development (R&D) fund, significantly reducing its after-tax profit growth.
ecb governor calls for tax regulation on bitcoin

ECB governor calls for tax, regulation on bitcoin

BERLIN: A top European Central Bank official on Wednesday (Jan 3) called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering.
grab vietnam refutes accusations of tax evasion

Grab Vietnam refutes accusations of tax evasion

Country head of Grab Vietnam Jerry Lim responded to accusations of tax evasion and confirmed to VIR that Grab has fulfilled its tax obligations in its three years of operations in Vietnam and paid over VND142 billion ($6.24 million) in the first 10 months of 2017. 
new cit law aims to halt tax evasion

New CIT law aims to halt tax evasion

In the latest draft of Law on Corporate Income Tax (CIT), the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
lcd tax loophole found with big losses

LCD tax loophole found, with big losses

Local customs departments will have to tighten their inspection of LCD product codes to avoid tax losses, as electronics firms have recently been tagged with tax arrears of VND481.68 billion ($21.89 million) due to incorrect declarations of tax codes.
apex vietnam applied tax enforcement measures

Apex Vietnam applied tax enforcement measures

The Song Than Customs Branch in the southern province of Binh Duong has issued a decision to apply tax enforcement measures nationwide on 100-per-cent South Korean-invested garment company Apex Vietnam Co., Ltd. due to delays in tax payment.
the tax reforms needed to boost apecs connectivity

The tax reforms needed to boost APEC’s connectivity

Freer trade in the Asia-Pacific region has given rise to increased opportunities for tax avoidance and evasion. Warrick Cleine  covers the tax reforms needed for Viet Nam to take best advantage of APEC market integration.
finance ministry proposes reasonable tax hikes

Finance Ministry proposes ‘reasonable’ tax hikes

The Ministry of Finance (MoF) introduced a draft of amendments to laws on Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Protection Tax at a press conference on Tuesday.
ronaldo denies tax fraud at court hearing

Ronaldo denies tax fraud at court hearing

MADRID: Real Madrid forward Cristiano Ronaldo denied hiding millions of euros in income at a court hearing near the Spanish capital on Monday (Jul 31) where he was charged with tax evasion.
lg supplier denied import tax refund

LG supplier denied import tax refund

Serveone Vietnam Co., Ltd., a supplier of LG Electronics, will not be able to enjoy reimbursement of import tax, according to the Ministry of Finance.
ministry drafts auto part tax cut

Ministry drafts auto part tax cut

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation’s rules.
ministry moots ethanol import tax cut

Ministry moots ethanol import tax cut

The Ministry of Finance has proposed to lower import tax on bio-fuel ethanol from 20 to 17 per cent so as to make E5 petrol cheaper.
uber 294 million in tax arrears

Uber $2.94 million in tax arrears

Uber BV Netherlands Co., Ltd. (Uber) will have to pay nearly VND67 billion ($2.94 million) in tax arrears, including personal and corporate income tax, withholding tax and value-added tax (VAT), as well as late payment fine, according to newswire Vnexpress.
malaysia to start imposing tourism tax from august

Malaysia to start imposing tourism tax from August

KUALA LUMPUR: Malaysia will begin imposing its tourism tax from Aug 1 this year, starting from RM2.50 (S$0.80) per room each night, according to details published on the Royal Malaysian Customs Department's website.
mourinho accused of tax fraud ronaldo before judge

Mourinho accused of tax fraud, Ronaldo before judge

MADRID: Jose Mourinho was on Tuesday (Jun 20) accused by Spanish authorities of failing to pay €3.3 million (US$3.7 million) in taxes at Real Madrid as star player Cristiano Ronaldo was summoned to appear before a judge next month.