Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill World

Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill

A Malaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB) fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaid taxes over seven years while he was still in office, the National News Agency Bernama of Malaysia reported.
Government taking fight to fraudsters: Deputy PM Society

Government taking fight to fraudsters: Deputy PM

Market surveillance units last year cracked a number of major counterfeit rings countrywide as the fight against trade frauds took place on a scale never seen before, Deputy Prime Minister Truong Hoa Binh said.
Tax chiefs in Asia-Pacific region discuss digital tax World

Tax chiefs in Asia-Pacific region discuss digital tax

Tax chiefs from 17 Asia-Pacific countries and territories, including Vietnam, began their annual talks in Indonesia to discuss a digital tax and how to tackle the issue of base erosion and profit shifting (BEPS).
Workshop discusses int’l experience of transfer pricing Business

Workshop discusses int’l experience of transfer pricing

The opposing viewpoints of domestic and foreign experts on transfer pricing – a hot topic attracting much public interest in recent times – were the focus of a workshop held by the American Chamber of Commerce in Vietnam (AMCHAM) in Hanoi on November 9.
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.
Tax, investment changes concern foreign firms Business

Tax, investment changes concern foreign firms

The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Vietnam, said Bui Ngoc Tuan, Deputy General Director of the Audit and Advisory firm Deloitte Vietnam at a workshop on in Hanoi on July 10.