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Vietnam vows to collect tax from cross-border services

Vietnam vows to collect tax from cross-border services

The collection of tax from cross-border services, or services provided by foreign firms via internet to users in Vietnam, is included in the amended Tax Management Tax, expected to take effect in early 2020.

NA deputies to ratify CPTPP on November 12

NA deputies to ratify CPTPP on November 12

Legislators will vote on a resolution ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and relevant documents on November 12, as part of the ongoing sixth session of the 14th National Assembly.

HCM City talks tax with businesses

HCM City talks tax with businesses

HCM City authorities discussed the current shortcomings of tax and customs regulations in Vietnam at a dialogue with enterprises on December 15.

Enterprises plagued by unclear tax and fee regulations

Enterprises plagued by unclear tax and fee regulations

While the Vietnamese government is making great efforts to improve the country’s business and investment climate, unclear tax- and fee-related regulations are tormenting local firms planning to expand.

Experts: Fertiliser tax does more good than harm

Experts: Fertiliser tax does more good than harm

Following the implementation of a provisional tax on imported fertilisers, more things need to be done to help balance benefits of both local producers’ and farmers’ benefits, industry insiders have agreed.

Tax on income from bank savings proposed

Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.

Auto sale down 6% in seven months

Auto sale down 6% in seven months

The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 8.

HCM City, Vientiane agree to foster cooperation

HCM City, Vientiane agree to foster cooperation

Vietnam’s Ho Chi Minh City and the Lao capital city of Vientiane have agreed to foster and expand their cooperation in the time ahead and approve cooperation orientations for the 2017-2020 period.

Hanoi’s tax revenue up 18% in first half of 2017

Hanoi’s tax revenue up 18% in first half of 2017

The capital city of Hanoi collected over VND93.9 trillion (US$4.1 billion) in taxes during the first half of this year, completing 50.1% of its annual target and 18 percent higher compared with the same period in 2016, the municipal Tax Department reported on July 10.

Cement export tax burdens domestic firms

Cement export tax burdens domestic firms

The imposition of 5% export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.

HCM City looks to tax Facebook business

HCM City looks to tax Facebook business

The HCM City Department of Taxation is seeking ways to get information of business activities carried out online, including via Facebook, in order to collect taxes.