Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment, according to the HCM City Real Estate Association.
Vietnam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year.
Vietnam continues to be plagued by foreign company chiefs fleeing the country without paying off debts or workers’ salaries.
The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of VND53 billion (US$2.26 million), immediately after the firm withdrew its petition against the Ho Chi Minh City’s Department of Tax department.
In the latest draft of Law on Corporate Income Tax, the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 percent for trades not registered to the Vietnam Securities Depository (VSD) and not made on the securities market.
The Ministry of Finance (MoF) is demanding more than VND1.9 trillion (US$85 million) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.
Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise.
The newly released Decree 03 stipulates that Vietnamese will be allowed to go to casinos during a trial period of three years. What will happen after that period?
Two new preferential loans, unrestricted by scale and deadline, for social housing and cheap commercial housing projects will be provided to low-income earners. The new packages are expected to continue the VND30 trillion VND housing stimulus package.
If anyone has ever thought winning a jackpot is a rare occurrence, they should think again as a Vietnam-Malaysia joint venture has found three winners of its American-style computerized lottery this month.
The Vietnamese legal entity of Singapore’s Grab ride-hailing mobile app, formerly GrabTaxi, is responsible for paying taxes on behalf of its partnered drivers, according to a guideline issued on November 10 by Vietnam’s taxation authority.
State-owned lottery company Vietlott announced that it held an awards ceremony on Wednesday to hand over a VND64.8 billion (US$2.9 million) cheque to a winner from the southern province of Dong Nai.
Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of Industry and Trade’s Competitive Management Department said.
The Government has proposed the National Assembly (NA) reduce the personal income tax by 50% for workers in the information technology sector.
The total state budget revenue in January was 95% of the revenue year-on-year due to about 66% fall in crude oil revenue, the finance ministry said.
Foreign-invested enterprises contributed the largest part of Ho Chi Minh City’s budget revenue last year, reported Saigon Giai Phong newspaper.
The Ho Chi Minh City tax department has set up an anti-transfer pricing task force and is calling for a probe to be launched into alleged transfer pricing practices at Coca-Cola Vietnam, says an official.
The Vietnam Tax Consultants Association (VTCA) has completed the draft on the new tax policy for information technology (IT) firms as assigned by the government. It plans to give more tax incentives to encourage the development of the industry.
(VOV) -The domestic support industries require better solutions to meet the demands of manufacturers operating in key industries and the targets envisioned in the government’s industrialization strategy through 2020.