Taxes lost from e-commerce sector during COVID-19 Business

Taxes lost from e-commerce sector during COVID-19

The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.
Lower corporate income tax on SMEs proposed Business

Lower corporate income tax on SMEs proposed

Corporate income tax levied on small and medium–sized enterprises (SMEs) should be reduced to promote the business development, a solution together with broadening tax base to increase budget revenue from business and production.
PM tells authorities to investigate tax evasion Business

PM tells authorities to investigate tax evasion

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Finance (MOF) and General Department of Taxation (GDT) to study media reports on transfer pricing of foreign direct investment (FDI) enterprises and tax policy.
Company reports must meet world standards Business

Company reports must meet world standards

Credit-risk management should be enhanced to make sure business information was transparent and reliable to improve Vietnam’s trade, economic and investment conditions, according to Nguyen Quang Thuan, CEO from data analysis firm StoxPlus.
Tax on income from bank savings proposed Business

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.
Indonesia taxes Google World

Indonesia taxes Google

Indonesia’s government has tightened its tax collection policy on high-technology enterprises in the country, starting with the US-based technology giant Google, as the companies have not paid enough to the government despite their expansion.
HCM City looks to improve tax collection Business

HCM City looks to improve tax collection

HCM City has asked the municipal tax authority to enhance preventative measures against tax fraud and transfer pricing to ensure tax revenue and improve business confidence.