tax arrears

Update news tax arrears

Transfer pricing among FDI firms in Vietnam at alarming rate: State Audit

While FDI firms continue to report losses, they keep expanding operations in the country.

Formosa's hazardous waste cannot be treated in Ha Tinh province

VietNamNet Bridge - None of the waste treatment plants in Ha Tinh province has technology that is advanced enough to treat hazardous industrial waste, according to the Ha Tinh Department of Natural Resources and Environment.

MOF, local inspectors disagree on tax arrears payment for Dai Nam Company

VietNamNet Bridge - While the Binh Duong provincial tax inspectors concluded that Dai Nam Company broke tax laws and had to pay tax arrears of VND99 billion, the Ministry of Finance (MOF) said the company had not committed any violation.

Sabeco rejects tax arrears finding

 Beverage giant challenges decision of State Audit Office that it must pay tax arrears for 2013.

BUSINESS IN BRIEF 15/5

HCM City hosts int’l business forum; McDonald’s to publicise nutrition facts in Vietnam; Firms eye agriculture as lucrative new field; Shrimp exports to US up two-fold over last year; Eight banks to pilot credit link

Ministry of Finance loses lawsuit on tax arrears

VietNamNet Bridge – The Ministry of Finance's inspection team has lost in a lawsuit for tax arrears, the judgement required that they return over VND7.17 billion (USD342,000) to a company in HCM City.

Nissan Vietnam forced to pay hundreds of billions of tax arrears

 VietNamNet Bridge – Nissan Vietnam has been told to re-export the sets of car parts it imported in 2009-2012 or pay the import tax for the sets of car parts as for complete built units (CBU).

Numerous businesses unexpectedly asked to pay tax arrears

 VietNamNet Bridge – A lot of businesses have unexpectedly received a demand to pay tax arrears worth of up to billions of dong. The businesses complain that they are the victims of the unclear legal documents.

Many businesses died, arrears of tax reach over $3 billion

According to a report from the General Department of Taxation, arrears of tax in the first half of 2013 reached VND64.632 trillion ($3.23 billion), up 32 percent compared to 2012 and 30 percent over the same period.