authorities slap social media profiteers with tax bill

Authorities slap social media profiteers with tax bill

The HCM City tax department said it has served a tax notice and slapped a fine on an individual together amounting to VND4.1 billion (US$178,000) for failure to pay tax on incomes received from foreign companies in the last two years.
tax implications of selling equity or shares in vietnamese entities

Tax implications of selling equity or shares in Vietnamese entities

Grant Thornton Vietnam compiled a concise mini-guide on Vietnamese regulations on tax obligations following the transfer of equity interest or securities in Vietnamese entities.
macron digital tax plan faces eu rebuff

Macron digital tax plan faces EU rebuff

French President Emmanuel Macron's ambitious plans for an EU digital tax targeting US tech giants such as Google or Facebook faced strong headwinds on Saturday (Apr 28), provoking anger from Paris.
gelex fined to more than 53000 for erroneous tax declaration

GELEX fined to more than $53,000 for erroneous tax declaration

The Hanoi Department of Taxation has just issued a fine of more than VND181 million ($8,000) to Vietnam Electrical Equipment JSC (GELEX) for erroneous tax declaration, along with over VND1.03 billion ($45,400) in tax arrears and late payment fees.
liquidation of a vietnamese entity critical tax exposures

Liquidation of a Vietnamese entity—critical tax exposures

The liquidation of a Vietnamese legal entity is a lengthy and complicated process in which the final tax audit involves a lot of effort from the dissolving entity.
ramping up tax audits to boost shrinking state budget

Ramping up tax audits to boost shrinking state budget

Many firms in Vietnam, both local and domestic, will face tax audits this year.
foreign investors alarmed after sabeco was hit by tax arrears

Foreign investors alarmed after Sabeco was hit by tax arrears

The authorities’ collecting VND2.5 trillion ($109.8 million) in tax arrears from Saigon Beer, Alcohol and Beverage Corporation (Sabeco) made foreign investors concerned about taking part in later divestments of state-owned firms.
ministries disagree on solutions to collect tax from google facebook

Ministries disagree on solutions to collect tax from Google, Facebook

The Ministry of Finance (MOF) wants the State Bank of Vietnam (SBV) to instruct commercial banks to withhold taxes from transactions with Facebook and Google, but SBV said it is not authorized to do so.
eu to unveil digital tax targeting facebook google

EU to unveil digital tax targeting Facebook, Google

The EU will unveil proposals for a digital tax on US tech giants on Wednesday (Mar 21), bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world.
pv gas hit with 5 million in tax arrears

PV Gas hit with $5 million in tax arrears

PetroVietnam Gas Joint Stock Corporation (PV Gas) will have to pay VND106 billion ($4.67 million) in tax arrears, including missed tax payments and the resulting fine.
european stocks cheer with us tax cuts firmly in their sights

European stocks cheer with US tax cuts firmly in their sights

LONDON: Stock markets across the world jumped on Monday (Dec 18) as adoption of US tax cut plans moved into the final stretch.
evn to pay tax arrears of vnd19 trillion

EVN to pay tax arrears of VND1.9 trillion

The Ministry of Finance (MoF) is demanding more than VND1.9 trillion (US$85 million) in tax arrears from Electricity of Viet Nam (EVN) after uncovering that the group had failed to declare its costs accurately.
mof wants hike in tax on capitalsecurities trade income

MoF wants hike in tax on capital/securities trade income

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 per cent for trades not registered to the Vietnam Securities Depository and not made on the securities market.
ministries protest special consumption tax on soft drinks

Ministries protest special consumption tax on soft drinks

Numerous ministries and associations protested against the Ministry of Finance (MoF)’s proposal to apply a special consumption tax (SCT) of 10-20 per cent on soft drinks.
mai linh tax request a bad precedent

Mai Linh tax request a bad precedent?

The Vietnam Social Security refuses to deal with Mai Linh’s request to be exempted from interest and late payment fees as well as to extend the deadline for its original social insurance payment as such a request is not within the company’s legal rights.