25-12-2018 09:51
Beside tax-related administrative violations, Yeah1 used illegally invoices, therefore, the firm is fined VND75.57 million ($3,284), collected arrear of VND192.37 million ($8,364), and penalty for late payment of tax of VND58.2 million ($2,532).
07-01-2019 11:58
Japan on Monday (Jan 7) started levying a ¥1,000 (US$9.22) departure tax on each person leaving the country, a measure aimed at raising funds to further boost tourism.
03-01-2019 08:49
PARIS: The French government sought on Wednesday (Jan 2) to downplay fears that workers will be left out of pocket as the country transitions to a pay-as-you-earn tax system that could fan the flames of a revolt over spending power.
17-08-2004 18:03
A prolonged dispute concerning the corporate income tax level Phu My Hung joint venture is to pay on land and housing business activities has finally come to an end.
27-09-2018 12:32
Total import-export tax revenue collected through e-payments reached VND191.15 trillion (US$9.2 billion), accounting for 95 per cent of the total tax revenue to the State budget, from January 1, 2018 to September 5, 2018.
27-09-2018 10:00
The new cigarette tax rate of VND5,000 (US$0.2) per pack will help reduce the rate of tobacco consumption and strengthen the State budget, health experts have said.
31-08-2018 16:09
Turkey on Friday (Aug 31) raised tax on foreign currency deposits in a bid to prop up the tumbling lira, in a presidential decision published in the official gazette.
16-10-2018 10:04
Corporate income tax levied on small and medium – sized enterprises (SMEs) should be reduced to promote the business development, a solution together with broadening tax base to increase budget revenue from business and production.
25-10-2018 17:07
The Ministry of Industry and Trade (MoIT) wants to take advantage of market and policy opportunities to promote automobile manufacturing projects of domestic automakers including Truong Hai Auto Corporation (Thaco), Thanh Cong Group and VinFast.
05-11-2018 14:11
While starting a business, dealing with construction permits, and getting electricity are assessed as the areas seeing the most improvement, paying taxes and resolving insolvency have seen little improvement much over the five years of implementing Resolution 19.
02-11-2018 11:14
Many local enterprises are concerned with paying higher corporate income tax according to regulations on the deductibility of loan interest under Decree 20, in effect since May 1, 2017.
30-10-2018 09:11
Retaining key personnel has always been a company’s prerequisite policy paving the way to prosperity. Employee Stock Ownership Plan (ESOP) has long been considered a good management tool and compensation benefit for the retention of human capital, as well as a good solution for those companies with limited cash flow. While ESOP is not a new term, its important tax implications have been continuously provoking controversy. This report investigates the Personal Income Tax (PIT)’s exposure under ESOP schemes, which provide beneficiaries a better understanding and thus the ability to minimise tax risks.
05-07-2018 11:11
Numerous South Korean firms in Vietnam expressed concerns about losing their tax incentives due to surprise decisions from the authorities.
25-07-2018 15:00
Grant Thornton Vietnam’s seminar on business tax obligations and regulations will take place on August 9, 2018 at Lotte Legend Hotel Saigon, Ho Chi Minh City.
13-08-2018 16:34
Tax management for mergers and acquisitions activities has recently drawn a great deal of attention from the public. Nguyen Van Phung, director of the Department of Tax Administration at Large Enterprises under the General Department of Taxation, told Manh Bon about the major points of the current tax law governing these transactions.