Tax reform showing results

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VietStock FI English 6 day(s) ago

Tax reform showing results

A fair and transparent taxation system will play a vital role in Cambodia’s economic growth as the country weans itself off donor dependence and moves toward an economy driven by trade and investment. The Post’s Kali Kotoski sat down with Clint O’Connell, head of Cambodia Tax Practice for foreign investment advisory and tax firm DFDL Cambodia, to discuss recent tax reforms and their impact on business and investment.

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Confusion over regulation results in reimbursements

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Báo Đầu Tư English 1 week(s) ago

Confusion over regulation results in reimbursements

The Ministry of Finance is likely to reimburse the tax arrears collected from numerous firms on income generated by additional investment during the period of 2009-2013.

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GDT executes U-turn on loss carryforward

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Báo Đầu Tư English 1 week(s) ago

GDT executes U-turn on loss carryforward

Enterprises with many subsidiaries from now on may be free to apply loss carryforward to any income streams that benefits them most in terms of taxes saved, according to a recent decision from the General Department of Taxation.

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Big-wig dairy producers narrowly escape $45.87 million toll

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Báo Đầu Tư English 4 month(s) ago

Big-wig dairy producers narrowly escape $45.87 million toll

A group of domestic dairy producers that hold massive shares in the Vietnamese milk market will likely be set free of a tax arrear toll of nearly $45.87 million.

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Tax revenue soars on vehicle, tobacco tariffs

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VietStock FI English 6 month(s) ago

Cambodia's General Department of Taxation (GDT) collected $1.09 billion in taxes during the first 10 months of 2015, up 23.9 per cent compared to the same period a year earlier, according to a statement posted on its website.

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General Department of Taxation postpones property taxes deadline again

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VietStock FI English 6 month(s) ago

The General Department of Taxation (GDT) Cambodia has once again announced the second postponement of 2015 tax payment for real estate by setting a new deadline to the end of November this year.

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Transfer pricing fight goes up a notch

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VietnamNet English 6 month(s) ago

Transfer pricing fight goes up a notch

With the aim of strengthening the fight against transfer pricing, the General Department of Taxation (GDT) under the Ministry of Finance (MoF) has established the Transfer Price Inspection Department under the Inspector of General Department of Taxation and a separate Transfer Price Inspection Department in Hanoi and Ho Chi Minh City and southern Binh Duong and Dong Nai provinces. The Departments were officially launched on October 28.

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Have companies cut their time to file taxes?

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VietnamNet English 7 month(s) ago

Have companies cut their time to file taxes?

VietNamNet Bridge - The General Department of Taxation (GDT) has said that the time needed by businesses to follow tax procedures has been reduced by 420 hours. However, the business community doubts the figure.

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Are 70 percent of businesses unprofitable?

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VietnamNet English 8 month(s) ago

Are 70 percent of businesses unprofitable?

VietNamNet Bridge - The Vietnam Chamber of Commerce and Industry (VCCI) has reported that 70 percent of businesses are unprofitable, but the General Department of Taxation (GDT) said it does not know where the figure comes from.

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SMEs urged to register at Taxation Department

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VietStock FI English 8 month(s) ago

Cambodia’s small- and medium- enterprises should formalise their accounts and register with the Taxation Department to avoid the risk of unpredictable tax collection in the future, industry insiders said at a tax seminar in Phnom Penh yesterday.

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One-third of enterprises in VN must "lobby" tax officers

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VietnamNet English 9 month(s) ago 1 related news

One-third of enterprises in VN must 'lobby' tax officers

The Vietnam Chamber of Commerce and Industry (VCCI) and the General Department of Taxation (GDT) have released a report on business satisfaction with the reform of taxation procedures in 2014.

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Tax revenues maintain positive trend in 2015

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VietStock FI English 10 month(s) ago 1 related news

The government collected $707 million in tax revenues for the first half of this year, a 38.5 per cent increase from the same period last year, the General Department of Taxation reported on Monday.

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Businesses hesitant to pay taxes online

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VietnamNet English 11 month(s) ago

Businesses hesitant to pay taxes online

VietNamNet Bridge - The goal to have 90 percent of businesses pay tax online at all 63 provincial taxation agencies in 2015 may be unattainable as businesses oppose it.

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More than 3 million business households disappear from documents

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VietnamNet English 11 month(s) ago

More than 3 million business households disappear from documents

VietNamNet Bridge - More than 3 million business households listed by the General Statistics Office (GSO) cannot be found in the General Department of Taxation (GDT) documents.

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GDT: Result of share issue for dividend payment

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VietStock FI English 11 month(s) ago

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