Vietnamplus

The General Department of Taxation (GDT) has announced the list of top 1,000 corporate income taxpayers (V1000) in Vietnam in 2020.

Thirteen countries, including Vietnam, have agreed to assist Indonesia with collecting taxes overseas, allowing the country to go beyond its borders in pursuit of tax evaders, the taxation directorate general has said.

Ho Chi Minh City brought in more than 140.3 trillion VND (6.06 billion USD) in budget collections during the January - April period, a 15.76 percent increase year-on-year and fulfilling 30.45 percent of the annual target.

HCM City witnessed a sharp fall in budget collections in the first nine months of this year as a result of COVID-19, which will pose problems in fulfilling the annual target.

Prime Minister Nguyen Xuan Phuc on April 8 approved Decree No 41/2020/ND-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.

The General Department of Taxation (GDT) has proposed to erase 12 trillion VND (516 million USD) out of total 30 trillion VND irrecoverable tax debts.

Taxpayers will have the right to know the time limit for tax refunds and non-refundable tax amount with legal grounds, according to a draft revision for the Law on Tax Management.

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.

Total State budget revenue in HCM City reached 347.98 trillion VND (15.32 billion USD) in 2017, slightly more than the year’s target, and up 13.5 percent compared to 2016, according to the city’s State Treasury.

The online tax refund pilot project launched by General Department of Taxation early this year has been well received by taxpayers.

The telecommunications and information technology sectors have been the leading corporate taxpayers on a list of 1,000 leading corporations, accounting for 18 percent of total tax payments this year.