The debate about whether to tax 2-seat Daewoo Matiz and Kia Morning vehicles as vans or passenger cars, which people thought came to and end, has been resumed. An importer has accused customs agencies of deliberately delaying procedures to put difficulties on the enterprise. Customs agencies deliberately put difficulties in enterprises’ way The Hanoi branch [...]
Viet Nam successfully realised a ten-year tax reform programme ending in 2010, putting in place a tax system that meets the requirements of a market economy and membership in the World Trade Organisation (WTO). State tax revenues during 2006-10 doubled those in the previous five-year period and represented 23 per cent of gross domestic product [...]
More than 1,000 foreign-invested enterprises in Vietnam reported fake losses to evade tax in three years from 2008 to 2010. According to a General Department of Taxation (GDT) report for the first half of 2011, it treated 107 foreign-invested enterprises (FIEs) as having reported fake losses for three consecutive years from 2008-2010 with tax arrears [...]
The 12th National Assembly Standing Committee opened its 42nd session in Hanoi on July 13 to review the Government’s proposal on tax exemptions, reductions and extensions in 2011. The report on the supplementary promulgation of solutions on tax presented by Finance Minister Vu Van Ninh said the Government provided an extension on tax payment for [...]
About 15 trillion dong to 19.5 trillion dong of taxes may be exempted and reduced in 2011, according to Ministry of Finance’s Office Letter No 8217/BTC-CST sent to Prime Minister for supplementing some measures to mitigate difficulties of enterprises. Under it, a cut of 50% in taxes for households, self-employment, those who lease accommodations for [...]
Personal income tax for Vietnamese and foreigners who work on the islands of Con Dao has been reduced by 50 per cent, in a proposed draft of preferential policies by the Ministry of Planning and Investment. The draft aims to turn Con Dao into a high-quality tourism destination in the region. The Con Dao archipelago [...]
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