Uber BV completely pays off tax arrears Business

Uber BV completely pays off tax arrears

The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of 53 billion VND (2.26 million USD), immediately after the firm withdrew its petition against the Ho Chi Minh City’s Department of Tax department.
Cigarette smuggling remains unabated Society

Cigarette smuggling remains unabated

Cigarette smuggling has caused a loss of thousands of billions of Vietnamese dong each year for the State, according to figures released by the Vietnam Tobacco Association at a symposium held on July 23 in the Mekong Delta city of Can Tho.
VAT increase not promote economic growth: report Business

VAT increase not promote economic growth: report

Increasing value-added tax (VAT) does not help boost economic growth, but it can increase the poverty rate, said a report announced by the Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University in Hanoi on June 28.
Fertiliser stocks shoot up due to VAT change Business

Fertiliser stocks shoot up due to VAT change

Fertiliser stocks are surprising the market with many large names hitting the ceiling prices, mainly due to the Ministry of Finance’s decision to make fertiliser subject to VAT at the preferential rate of 5 percent.
Vietnam’s tax equity report 2017 announced Business

Vietnam’s tax equity report 2017 announced

The Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University, Hanoi, on May 25 announced Vietnam’s tax equity report 2017.
 Experts’ reactions to MoF tax plan mixed Business

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.
Ministry mulls auto parts tax cut Business

Ministry mulls auto parts tax cut

The Ministry of Finance has promised to study and report to the Government recommendations by the Vietnam Association of Mechanical Industry (VAMI) on policies to promote domestic automobile production.
More solar panels installed in HCM City Environment

More solar panels installed in HCM City

More than 270 businesses and households in Ho Chi Minh City have installed solar power panels on roofs with a total capacity of about 3,600KWp, according to the HCM City Power Corp under Electricity of Vietnam.