wide global ripples expected following g7 tax negotiation

Wide global ripples expected following G7 tax negotiation

Large multinational corporations, including those operating in Vietnam, are carefully watching developments following the landmark corporate tax agreement made by the G7, although market watchdogs are skeptical about a global minimum tax.
real estate groups top tax debt tally

Real estate groups top tax debt tally

A number of corporate taxpayers that have failed to fulfil their tax obligations are posing challenges for their own customers, especially in real estate-focused companies regarding land-use right certificates.
shopee tiki and lazada to pay tax for their online sellers

Shopee, Tiki, and Lazada to pay tax for their online sellers

E-commerce operators like Shopee, Tiki, and Lazada will need to fulfill tax obligation for their online sellers according to Circular No.40/2021/TT-BTC guiding VAT, PIT ,and tax management for business households and individuals.
tax tweak deemed essential to shield digital economy

Tax tweak deemed essential to shield digital economy

Commercial banks are being required to provide information of taxpayers’ payment bank accounts and transactions to the tax department, as Vietnamese authorities aim to create a level playing field in an open digital economy.
phu hung securities liable for tax penalties in vietnam

Phu Hung Securities liable for tax penalties in Vietnam

Phu Hung Securities Corporation (UPCoM: PHS) has recently received the decision of tax inspection from the Taxation Department of Nha Be district, Ho Chi Minh City dated December 11, 2020.
indonesia australia sign mou on tax information exchange

Indonesia, Australia sign MoU on tax information exchange

Indonesia and Australia have signed a memorandum of understanding (MoU) on tax information exchange, announced the Indonesia’s Taxation Directorate General (TDG) on September 9.
tax officials reduce inspections to help businesses amid covid 19

Tax officials reduce inspections to help businesses amid COVID-19

After collecting US$11.6 million from violations since early 2020, the General Department of Taxation (GDT) said it would reduce regular tax checks at businesses to help them focus on production to overcome the COVID-19 pandemic.
tax policies must support firms to boost revenue official

Tax policies must support firms to boost revenue: official

The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister Tran Xuan Ha has said.
na studies continuation of agricultural land tax exemptions

NA studies continuation of agricultural land tax exemptions

The National Assembly (NA) Standing Committee continued its 44th session on April 28 with discussions on extending the legislature’s draft Resolution on agricultural land tax exemptions to the end of 2025.
retroactive tax alterations to buffer cash flow for businesses

Retroactive tax alterations to buffer cash flow for businesses

The forthcoming tax amendment on interest expense cap is slated to be beneficial for 1,000 companies adopting parent-subsidiary business models, with reimbursement worth nearly VND5 trillion ($217.4 million).
more sectors to be eligible for tax land lease payment extension

More sectors to be eligible for tax, land lease payment extension

The Ministry of Finance has suggested adding four sectors into the list of industries eligible for extension of tax and land lease payment deadlines with a total sum of 180 trillion VND (7.82 billion USD).
indonesia planning 10 tax on foreign digital services

Indonesia planning 10% tax on foreign digital services

JAKARTA: Indonesia will slap a 10 per cent value-added tax on the digital offerings of foreign companies from Jul 1, the finance ministry said, a levy that could apply to internet giants such as Spotify and Netflix.
japanese tenma investigated for bribery and tax evasion in vietnam

Japanese Tenma investigated for bribery and tax evasion in Vietnam

Vietnam’s Ministry of Finance has investigated Japanese plastic-maker Tenma for allegedly paying JYP25 million ($215,000) in bribes to some Vietnamese tax inspectors to avoid tax duties in 2017 and 2019.
doc announced tax decision against vietnamese tra fish

DOC announced tax decision against Vietnamese tra fish

The US Department of Commerce (DOC) has made a final decision on anti-dumping tax based on the seventh administrative review of tra fish fillet products imported from Vietnam between August 1, 2009 and February 15, 2010.
instructions on extension or delay of tax payment by covid 19

Instructions on extension or delay of tax payment by COVID-19

In the case of suffering material damage due to natural disasters or epidemics such as COVID-19, businesses can apply for an extension in tax payment and even exemption from late payment fees.