extending mandate of tax authorities may halt tax evasion

Extending mandate of tax authorities may halt tax evasion?

Handing over the right of prosecution and investigation to the tax authorities is expected to hinder tax evasion as well as delayed tax payments by enterprises, especially multinational firms in Vietnam.
tax dept vows to collect tax from sales on facebook

Tax dept vows to collect tax from sales on Facebook

The HCMC Taxation Department has drawn up a plan to cooperate with agencies to collect tax from sales via social networks.
vietnams new tax regulations reflect global tax trends

Vietnam's new tax regulations reflect global tax trends

There have been various economic ups and downs in the post-pandemic era that have necessitated decisive measures to sustain growth. Despite an improvement in the third quarter of the year, Vietnam's economy still faces a number of obstacles to achieve its targets.
tax authorities puzzled over airbnb tax obligations

Tax authorities puzzled over Airbnb tax obligations

Despite Airbnb being present in Vietnam since 2015 and operating with profit, it is difficulty for tax authorities to tax the company as it does not yet have a business registration licence or a representative office and legal representation in Vietnam.
tax dodgers heavily tax the states coffers

Tax dodgers heavily tax the state’s coffers

Despite measures to beat tax dodgers, the state is still losing large amounts of money because of company fraud that involves generating fake invoices.
understanding the us vietnam tax agreement

Understanding the US-Vietnam tax agreement

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.
new tax gives vietnam incentive to adjust

New tax gives Vietnam incentive to adjust

Businesses in Vietnam want preparations to be intensified for the upcoming introduction of a global minimum corporate tax rate.
binh minh plastics honoured by forbes vietnam

Binh Minh Plastics honoured by Forbes Vietnam

Binh Minh Plastics JSC (BM PLASCO), an SCG member in Vietnam, was named as one of the 50 Best Listed Firms in 2022 by Forbes Vietnam.
more capital from tax havens poured into vietnam

More capital from tax havens poured into Vietnam

Foreign businesses have invested in their own companies but have also contributed capital to thousands of Vietnamese companies.
vietnam tax breaks for troubled investments

Vietnam tax breaks for troubled investments

The 60-day deferral of Value Added Tax (VAT) payments on importation and VAT refunds are the tax incentives Viet Nam applies to investment projects facing objective financial problems.
vietnam targets reduced tax time

Vietnam targets reduced tax time

According to Resolution 19/N-CP on core measures to improve the business climate and national competitiveness, the amount of time businesses spend on tax procedures will be decreased five-fold from 876 hours to 171 hours.
vietnam hosts regional tax conference

Vietnam hosts regional tax conference

The 21st annual Asia-Oceania Tax Consultants Association (AOTCA) conference was held in Vietnam for the first time on October 16-18.
vietnam wishes for increased tax transparency

Vietnam wishes for increased tax transparency

Vietnam is one of the leading countries with a massive of 94 per cent of businesses looking to increase tax transparency.
pham minh chinh elected prime minister of vietnam

Pham Minh Chinh elected Prime Minister of Vietnam

The National Assembly (NA) adopted a resolution on the election of Pham Minh Chinh as the Prime Minister for the 2016 – 2021 tenure on April 5 afternoon.
prudential vietnam announces phuong tien minh as new ceo

Prudential Vietnam announces Phuong Tien Minh as new CEO

UK-backed life insurer Prudential Vietnam Assurance Private Ltd. today announced that Phuong Tien Minh has joined the company as its new CEO, effective from June 3.