vietnams gold tax bringing heated protests

Vietnam's gold tax bringing heated protests

The new 10 per cent export tax rate continues to raise strong protests from local gold trading enterprises.

Ethanol in crosshairs as deadline nears on tax credit

Ethanol, once seen as an answer to US energy problems, is seeing political support waning as a deadline nears for Congress to decide on extending tax subsidies for the widely used biofuel.
commercial banks offer e tax service

Commercial banks offer e-tax service

Hanoi -  By the end of this year, account holders at five commercial banks in 18 cities and provinces across Viet Nam will be able to pay their taxes online.
weighing up the pros and cons of the vice tax rise

Weighing up the pros and cons of the ‘vice tax’ rise

The National Assembly is considering an increase in special consumption tax on cigarettes, beer, wine and spirits. Daniel A. Witt, president of Washington DC-based International Tax and Investment Centre (ITIC) discussed with VIR’s Thanh Tung about the possible impact the tax rises would have.
vice tax gets nod from na standing committee

Vice tax gets nod from NA Standing Committee

The National Assembly Standing Committee has given the thumbs-up to the government’s proposal to raise the special consumption tax on cigarettes, beer and spirits.
vn slashes tax procedures to save time

VN slashes tax procedures to save time

Viet Nam has taken drastic measures to reduce the time needed for companies to fill in tax forms and pay dues from 1,050 hours down to the current 872 hours in five years.
tax exempted for goods in border economic zones

Tax exempted for goods in border economic zones

The Ministry of Finance has issued a circular to realize PM Nguyen Tan Dung’s decision on financial regulations to border economic zones (BEZ), in which many types of goods and services are exempted from value added tax (VAT) and excise tax.
heated words collide with new gold tax hike

Heated words collide with new gold tax hike

A proposed gold export tax hike has run into strong opposition from local gold trading enterprises.
feedback sought on tax exemption for fizzy drinks

Feedback sought on tax exemption for fizzy drinks

Viet Nam's policy-making bodies may reconsider a proposal to exempt non-alcoholic carbonated drinks from the list of products subject to an excise tax rate of 10 per cent.
mof mulls rubber export tax break

MoF mulls rubber export tax break

The Ministry of Finance is considering scrapping the rubber export tax, with an aim to remove difficulties for companies amid falling latex prices and declining exports.
us may slash anti dumping tax for vietnamese pangasius

US may slash anti-dumping tax for Vietnamese pangasius

The U.S. Department of Commerce (DOC) has planned to reduce its anti-dumping tax for more Vietnamese pangasius exporters after the most recent administrative review on anti-dumping tax rates for imported goods, according to a state agency under the Vietnamese Ministry of Industry and Trade.
us mulls 25 antidumping tax on vietnamese shrimp

US mulls 25% antidumping tax on Vietnamese shrimp

The U.S. Department of Commerce (DOC) has proposed levying antidumping tariffs of up to 25 percent on Vietnamese shrimp, according to preliminary results of its latest period of review released on Monday.
ministry mulls over sin tax on soft drinks

Ministry mulls over sin tax on soft drinks

The Ministry of Finance is considering a special consumption tax on soft drinks for their potential health risks.  
judge indicts barca over alleged tax fraud

Judge indicts Barca over alleged tax fraud

A judge has indicted Spanish football champions Barcelona over alleged tax crimes linked to their signing of Brazilian star striker Neymar.
us tax compliance act threatens tardy banks

US tax compliance act threatens tardy banks

From July 1, 2014, the US Foreign Account Tax Compliance Act (FATCA) will take effect. In essence, banks that choose to do nothing on FATCA will be subject to a 30 per cent reduction in the interest they receive on deposits at other banks, on interbank and on nostro balances.