Tax inspectors to begin on-site visits in August

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VietStock FI English 1 day(s) ago

Starting next month, tax authorities will begin conducting on-site inspections of all businesses in Phnom Penh to gather information for tax registration, the Ministry of Economy and Finance announced yesterday.

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Gov’t releases five-year socio-economic development action program

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Báo điện tử CP English 4 day(s) ago

Gov’t releases five-year socio-economic development action program

VGP – The Government recently issued Resolution 63/NQ-CP on an action program to realize the National Assembly’s Resolution on socio-economic development plan in the 2016-2020 period.

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Circular outlines tax incentives

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Báo Đầu Tư English 1 week(s) ago

Circular outlines tax incentives

The finance ministry issued Circular No. 83/2016/TT-BTC (“Circular 83”) on June 17, 2016. It guides the implementation of investment tax incentives prescribed in the Investment Law and government decree No. 118/2015/ND-CP, which details and regulates several articles of the Investment Law.

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Eximbank administers sharp cut to 2016 profit target

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Báo Đầu Tư English 1 week(s) ago

Eximbank administers sharp cut to 2016 profit target

Vietnam Export Import Bank (Eximbank) is lowering its target for deposits, lending, assets, and pre-tax profit for the year 2016 deviating from the earlier plan.

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Car sales sputter on tax hike

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VietStock FI English 1 week(s) ago

Car sales sputter on tax hike

Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April.

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Steel firms seeing optimistic growth

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Báo Đầu Tư English 1 week(s) ago 1 related news

Steel firms seeing optimistic growth

Local steel firms have recorded upbeat business results in the first half of this year on account of steady demand and an unexpected market rebound.

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Ho Chi Minh City tax revenues top $4.3 bln

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Báo Thanh Niên English 1 week(s) ago

Ho Chi Minh City tax revenues top $4.3 bln

Ho Chi Minh City’s revenues topped VND96.6 trillion (US$4.3 billion) in the first half, with tax revenues from the private sector rising and that from the state sector falling.

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Indonesia starts implementation of tax amnesty: tax official

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Báo Thanh Niên English 1 week(s) ago

Indonesia starts implementation of tax amnesty: tax official

The Indonesian government will start the implementation of its tax amnesty program on Monday, more than two weeks after parliament passed the law in an effort to bring home funds stashed abroad, a tax official said.

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HCMC offers many incentives to American investors

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SaiGon GP English 1 week(s) ago

HCMC offers many incentives to American investors

Ho Chi Minh City introduced many incentives for overseas Vietnamese and American businesses at a conference in San Francisco yesterday, expecting to receive an investment wave in the wake of the Trans-Pacific Partnership (TPP) and make the U.S. the top investor in the city.

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Authorities struggle to collect gold mine taxes

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Báo Dân Trí English 1 week(s) ago

Authorities struggle to collect gold mine taxes

Despite the authorities suspending operations and freezing bank accounts, they have still proved unable to collect VND434bn (USD19.7m) in back taxes from two gold mines in Quang Nam Province.

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Profit-tax revenue leads first half surge

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VietStock FI English 2 week(s) ago

Profit-tax revenue leads first half surge

Cambodia's tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday.

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Vietnam revokes license of Canadian gold miner over back taxes

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Báo Thanh Niên English 2 week(s) ago

Vietnam revokes license of Canadian gold miner over back taxes

Authorities in the central province of Quang Nam have revoked the license of a Canadian-owned gold miner, after it failed to pay more than VND334 billion (US$14.77 million) in back taxes, local media reported on Tuesday.

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Phuoc Son Gold sees business registration certificate revoked

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Báo Đầu Tư English 2 week(s) ago 1 related news

Phuoc Son Gold sees business registration certificate revoked

The business registration certificate of Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has been withdrawn, due to its delay in paying VND334 billion ($14.96 billion) in tax arrears.

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Formosa may see hefty fine in tax arrears

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Báo Đầu Tư English 2 week(s) ago

Formosa may see hefty fine in tax arrears

Hung Nghiep Formosa Ha Tinh Steel Co., Ltd. (HFS), the operator of the $10.5 billion steel and port complex in the central province of Ha Tinh, may have to pay VND1.555 billion ($69.6 million) in tax arrears, including refunded value added tax (VAT), deducted taxes, and late payment fees, according to newswire Vnexpress.net.

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PetroVietnam to hold power company sale-off

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Báo Dân Trí English 2 week(s) ago

PetroVietnam to hold power company sale-off

PetroVietnam Power Corporation (PV Power) plans to sell its entire 2.88 million shares, equalling a 7.85 per cent stake, in EVN International Joint Stock Company to foreign investors on August 1, according to information published on Hanoi Stock Exchange (HNX)’s website.

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