Vietnamplus

The Ministry of Finance has published a list of 600 businesses up and down the country who still owed large amounts of taxes to the Government until June 30.

The Malaysian Government on April 1 begins imposing a 6 percent Goods and Service Tax (GST) as part of efforts to improve the nation’s tax management system and fiscal deficit.

Lawmakers discussed a number of draft laws on taxation during the ongoing eighth session of the 13th National Assembly (NA) on November 4.

Amending the current tax laws is likely to create the best possible conditions for taxpayers to fulfill their duties while accelerating sectoral reforms in line with Vietnam’s international commitments, Finance Minister Dinh Tien Dung said.

Prime Minister Nguyen Tan Dung has asked the taxation sector to focus on reducing troublesome procedures in tax payment and impose strict punishments on officers who harass the people and businesses.

Some 335 trillion VND (15.7 billion USD) has been collected from taxes in the first half of 2014, up 14.5 percent year on year and equal to 53.7 percent of the annual tax collection plan.

Vietnamese information technology (IT) firms can win international bids to provide services to big clients in the world under the valuable contracts, but they find it difficult to get jobs in the home market, a newspaper said.

From February 5, enterprises can negotiate and reach agreements with tax authorities over the taxable prices of their goods or services, according to a newly-released circular by the Finance Ministry on the implementation of the Advance Pricing Agreement.

Deputy Prime Minister Vu Van Ninh has asked the taxation sector to continue designing policies to remove difficulties for businesses, creating suitable growth in 2014.

What are the advantages of e-invoices, compared to traditional paper invoices?

Ho Chi Minh City People's Committee has asked the Ministry of Finance to create mechanisms and policies to manage capital transfers and the franchise business.

Finance Minister Dinh Tien Dung and US Secretary of Treasury Jacob J. Lew discussed financial services, as part of the Trans-Pacific Partnership (TPP) negotiations, and Vietnam ’s economic renewal and stabilisation process at their talks in Hanoi on November 14.

Nine laws will come into force on July 1 after being passed by the National Assembly, aiming to streamline Vietnam's policies and offer support to those who need it most in the wake of ongoing economic difficulties.

As many as nine laws will come into effect as of July, according to the Vietnam Government Portal (VGP).

Enterprises will be allowed to pay their tax debts by installments from the beginning of July, under a new proviso intended to assist firms in weathering the economic storm.

Vietnam's General Department of Taxation is speeding up a project to modernise the country's tax administration so that it can be completed by 2015.

The fourth session of the 13 th National Assembly passed six laws during the November 20 sitting.

The National Assembly will convene in Hanoi on October 22 for the fourth session of the 13 th tenure, with many revised laws on the agenda, including those on anti-corruption, tax management and personal income tax.