MoF

Update news MoF

Tax evasion in capital transfer deals remains a hot potato for MOF

 VietNamNet Bridge – The HCM City Taxation Sub-department has found that a lot of the capital transfer deals have been made recently, but the tax sums the agency has collected from the deals are modest.

MoF to release $5b in G-bonds

 VietNamNet Bridge – The Ministry of Finance (MoF) announced that over VND17 trillion (US$823.1 million) worth of government bonds were mobilised after its 10 auctions in December 2013.

MOF vindicates Intel in suspected tax evasion

 VietNamNet Bridge – The Ministry of Finance (MOF) has denied the rumor that Intel, a big US invested enterprise in Vietnam dodged the laws to evade the tax it should have paid for the $100 million capital transfer deal.

Entreatment for tax incentives refused, Viettel gets disillusioned

 VietNamNet Bridge – The Ministry of Finance (MOF) has rejected the military telecom group Viettel’s proposal to enjoy the tax incentives like those given to Samsung Vietnam.

MOF attempts to tax deposit interests

 VietNamNet Bridge – The Ministry of Finance (MOF) is considering taxing the profits businesses make from depositing their money at banks or lending to others.

MoF proposes tax hikes on Viet Kieu vehicles

 VietNamNet Bridge – The Ministry of Finance has proposed raising special consumption taxes on vehicles imported by repatriating Vietnamese citizens (Viet Kieu).

Draft to bolster stock market supervision

 VietNamNet Bridge – A new draft decree from the Ministry of Finance (MoF) will see tighter supervision of the country's bourses, and the Viet Nam Securities Depository Centre (VSD).

Credit rating agency is in the cards: MoF

 VietNamNet Bridge – The Ministry of Finance has proposed to establish the country's first credit rating agency to increase corporate bond market and assist businesses in mobilising capital for their business and production.

Tax policies encourage manufacturers to make small, low cost cars

Automobile manufacturers have successively launched the car models with the cylinder capacity of less than 2.0L, hoping the models would help stimulate the demand.

Big guys hurry to withdraw capital from securities companies

A new wave of big investors withdrawing capital from securities companies has been noted. Securities companies turn out to be not the geese that lay golden eggs as they previously thought.

Five-seat cars would be much cheaper with low taxes

If the automobile industry development plan is implemented as expected, cars would get much cheaper in just some years.

BPO service providers bear unreasonable VAT

The 10 percent VAT rate imposed on the export data digitalization service has blocked the information technology firms’ way to develop and expand the markets.

Law loopholes lends a hand to distributors raise in formula prices

Formula prices have increased 30 times since 2007. State management agencies, which have failed to control the prices, have blamed this on the loopholes of the laws.

Equitisation process needs a shot in the arm

 VietNamNet Bridge – A new decree on equitisation is in the works as authorities hope to accelerate the equitisation progress and enhance the role of market forces in Vietnam’s economy.

Baby formula market chaotic, uncontrollable

The formula products imported through unofficial channels to Vietnam have been available on the market and favored by customers, even though their quality has not been certified by state management agencies.

Ministry puts skids on vehicle tax proposals

 VietNamNet Bridge – The Ministry of Finance (MoF) has rejected measures proposed by the Viet Nam Automobile Manufacturers Association (VAMA) to reduce vehicle taxes in order to help auto makers overcome their current difficulties.

MOF says high tariff policy on less-than-9-seater cars to be maintained

Though affirming the downward trend of the import tariff on brand new car imports under the mode of CBU, MOF says it would take very cautious steps in this process to avoid negative impacts on the domestic automobile manufacturing.

Vietnam launches general offensive on FIEs alleged of conducting transfer pricing

The taxation agencies would gather their strength to fight against the transfer pricing and would go their ways to find out the truth, though it is really a very complicated and hard work.