Cross-border transactions are in the crosshairs as Decree 126/2020/ND-CP - the latest regulation on tax administration - is to come into effect on December 5, said senior tax officials in a recent press conference.

Ambassador Le Thi Tuyet Mai, Head of the Vietnamese Mission in Geneva, has called on Thailand to enhance transparency in regulations in areas regarding cross-border trade.

Businesses following the sharing economy model are facing problems in tax declaration. Because of the lack of regulations, the taxation body may be taxing inaccurately or missing taxpayers.

Vietnam’s railways sector has failed to attract cross-border business because it lacks a comprehensive logistics package.