22-06-2017 11:15
The new price range for the calculation of the natural resource tax that will come into effect from July 1, 2017is found to be remarkably wide. Moreover, in specific cases, the highest price used to calculate the tax is 1.42 times as much as the minimum level. Still, Nguyen Huu Tan, deputy director of the Tax Policy Department under the General Department of Taxation, told VIR’s Manh Bon that illegal profiteering is simply not possible with this tax policy.
15-03-2017 14:29
The Ministry of Finance has rejected a petition from traditional taxi companies to introduce tax calculation measures such as Uber and Grab cars, Vietnam News Agency reported.
26-12-2016 08:00
The year 2016 marked a major watershed regarding transfer pricing in Vietnam, with regulations now having been in effect for a decade, and the announcement of a new round of tax reforms by the Ministry of Finance (MoF) introducing regulatory changes to tackle base erosion profit shifting practices.
27-07-2016 14:29
Preferential corporate income tax
21-07-2016 09:45
The finance ministry issued Circular No. 83/2016/TT-BTC (“Circular 83”) on June 17, 2016. It guides the implementation of investment tax incentives prescribed in the Investment Law and government decree No. 118/2015/ND-CP, which details and regulates several articles of the Investment Law.
25-08-2016 10:01
Viet Nam is likely to intensify scrutiny of income tax paid by foreign workers, a seminar heard in HCM City yesterday.
21-09-2016 09:29
Higher anti-dumping duties on Vietnamese frozen warm-water shrimp exports levied by the United States Department of Commerce (DOC) will affect the psychology of businesses and shrimp farmers in Viet Nam.
21-03-2016 15:00
Prime Minister Nguyen Tan Dung has approved calculation of petroleum import tax based on weighted average of the tariffs, taking into account Most Favoured Nation (MFN) status and Free Trade Agreement (FTA).
26-02-2016 14:54
Deputy Prime Minister Vu Van Ninh has recently assigned the Ministry of Finance to finalize the draft government resolution on tax incentives for information technology (IT) businesses before collecting opinions of relevant ministries and submitting it to the Government this month.
24-01-2011 20:31
The Ministry of Finance is checking up on the application of corporate income tax preferences to small and medium sized enterprises during the global economic crisis.
13-04-2016 10:56
Though a new excise tax calculation method has been legislated, it seems impossible for some businesses subject to the tax to declare tax liability compliant with the new requirements.
24-02-2016 15:53
On July 7, 2015 the governments of Vietnam and the US entered into an “Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income”. Nguyen Huu Hoai, a partner of law firm Russin & Vecchi, summarises key points of the agreement from Vietnam’s perspective.
26-07-2004 18:15
The first comprehensive tax regime for the securities sector – including new tax breaks – is expected in August.
10-11-2015 09:00
The Government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to a Prime Minister's new decree.
11-01-2016 10:35
Deputy Prime Minister Vu Van Ninh this week asked the Finance Ministry to complete a draft resolution on tax incentives for IT firms and collect suggestions from relevant ministries and the Ministry of Justice for submission to the Government this month.