tax evasion

Update news tax evasion

Hundreds of cars free of tax arrears

 VietNamNet Bridge – The General Department of Customs has released its conclusion on 722 Daewoo Matiz and Kia Morning car that were declared as small vans to evade taxes in 2009.

Two gold mining firms asked to pay VND250 billion in taxes

 VietNamNet Bridge – Officials of the Bong Mieu gold mining company and Phuoc Son Gold Company said that they had asked the customs office to reconsider the export tax of nearly VND250 billion ($12 million).

OV to face stricter rules on vehicle imports

VietNamNet Bridge – Returning overseas Vietnamese would have to satisfy stricter regulations to be exempt from import tax and value added tax on the cars and motorbikes they bring back home.

EU leaders face tough talks at tax fraud summit

 Leaders of recession-hit Europe take a fresh stab at fighting tax fraud and evasion worth a trillion euros a year at a summit Wednesday but seem unlikely to convince reluctant Austria and Luxembourg to sign on.

EU seeks to unleash crackdown on tax evasion

European finance ministers bid to unlock a trillion-euro annual crackdown on tax evasion, under pressure from EU leaders looking for new measures to boost job creation and growth at their Brussels summit next week.

Vietnamese boycotting Coca-Cola on the suspicion about transfer pricing

The information that Coca-Cola has not paid any dong in tax over the last 10 years of operating in Vietnam has raised a wave of anger among Vietnamese.

Confiscation of smuggled goods at Gucci-Milano Hanoi shop

The Hanoi authorities have agreed with the proposal of the relevant agencies on handling violations committed by the two shops selling luxurious products with the brands Gucci and Milano on Ly Thai To Street, Hoan Kiem district, Hanoi.

How luxury cars come to Vietnam?

Most of the luxury cars have been imported to Vietnam as the assets of Viet Kieu repatriates. There are the rings that bring the cars to Vietnam under forged documents.

Tax dodgers? A shared problem

Dr. Phan Huu Thang, director of National Economics University’s Centre for Foreign Investment Studies, discusses the role of foreign business associations in helping state agencies combat transfer pricing for tax evasion by some multinationals.

Thousands of fashion products with world famous brands seized

VietNamNet Bridge - About 3,400 products including clothing, glasses, swimwear with famous brands like Gucci, Valentino, D & G have been seized by the HCM City customs agency because of their Chinese origin.