yeah1 is asked to pay 14180 in tax arrears

Yeah1 is asked to pay $14,180 in tax arrears

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).  
japan starts 1000 departure tax for travellers

Japan starts ¥1,000 departure tax for travellers

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.
macron government on tenterhooks as new tax regime takes effect

Macron government on tenterhooks as new tax regime takes effect

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.

PM steps in to end Phu My Hung tax row

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.
e payments account for 95 percent of tax revenue

E-payments account for 95 percent of tax revenue

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.
increase on special consumption tax vital to reduce smoking

Increase on special consumption tax vital to reduce smoking

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.
turkey hikes tax on forex deposits to prop up lira

Turkey hikes tax on forex deposits to prop up lira

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.
nfsc proposes lowering corporate income tax on smes

NFSC proposes lowering corporate income tax on SMEs

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.
moit wants to cut tax for locally produced auto parts

MoIT wants to cut tax for locally produced auto parts

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.
businesses spend one month and ten days on tax and insurance

Businesses spend one month and ten days on tax and insurance

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.
local corporations pay higher corporate income tax

Local corporations pay higher corporate income tax

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.
employee shares ownership plan and tax implications in vietnam

Employee shares ownership plan and tax implications in Vietnam

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.
south korean firms complain about losing tax incentives

South Korean firms complain about losing tax incentives

Numerous South Korean firms in Vietnam expressed concerns about losing their tax incentives due to surprise decisions from the authorities.
grant thornton to hold seminar on business tax and regulations

Grant Thornton to hold seminar on business tax and regulations

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.
clear tax policies on ma transactions now in place

Clear tax policies on M&A transactions now in place

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.