MoF probes Grab for possible tax evasion
The Ministry of Finance (MoF) will continue coordinating with the State Bank of Vietnam and other competent authorities to review the use of Malaysian company Grab’s grants from the mother company to its local branch.
Money supply for Grab’s branch operations in Vietnam comes from its parent company in Malaysia, which has currently accumulated to US$50 million, sans interest.
Grab has paid up to VND140 billion (US$6.2 million) in tax from January to October 2017.
The MoF promised further probe of the company’s financial situation in the near future, with tighter watch on other foreign entities operating in Vietnam.