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Update news general department of taxation
Guiding decrees needed to fight with transfer pricing in Vietnam
Anti-transfer pricing measures were included in the Law on Tax Administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
Four-month State budget revenue posts drop as Gov’t offers tax relief
The State budget revenue in January – April was estimated to total VND491.38 trillion (US$21.18 billion), representing a drop of 5.9 per cent against...
Tax watchdog to enhance inspection this year
The General Department of Taxation plans to inspect tax compliance at 19.5 per cent of businesses in 2020, the department’s Director Cao Anh Tuan said on Tuesday.
Non-state enterprises dominate V1000 biggest taxpayers in 2018
The General Department of Taxation of Vietnam (GDT) on Wednesday announced the list of 1,000 highest taxpayers (V1000) in Viet Nam in 2018 which contributed 60.3 per cent of total corporate income tax.
Tax authority proposes to erase VND12 trillion irrecoverable debts
The General Department of Taxation (GDT) has proposed to erase VND12 trillion (US$515 million) out of total VND30 trillion irrecoverable tax debts.
Vietnam exerts pressure on Google’s YouTube advertisers
The Ministry of Information and Communications (MIC) has ordered tens of domestic and foreign brands to not advertise on video clips that contain anti-State propaganda on YouTube, a video-sharing platform.
Taxation department defends payment procedures
VietNamNet Bridge – The General Department of Taxation has said that tax payment procedures in Vietnam are not as bad as assessed by the World Bank (WB), although taxpayers complain they are worse than ever.
Taxation bodies struggle hard with bogus companies
VietNamNet Bridge – A lot of newly set up businesses never exist in reality, but only exist on paper just to help the owners appropriate the VAT refund.
