New regulations legalise betting services

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Báo Dân Trí English 2 month(s) ago

New regulations will allow firms to conduct dog and horse race and betting on foreign football matches legally to prevent illegal betting sites and illegal money transferring.

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Environmental protection tax hike hurts firms

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

The Finance Ministry (MoF)’s proposal to almost triple the environmental protection tax on oil and gas consumption would reduce businesses’ competitiveness against foreign firms, according to the Viet Nam Chamber of Commerce and Industry (VCCI).

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MOIT to take over control of milk formula prices

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Báo Dân Trí English 3 month(s) ago

The Ministry of Finance (MoF) on Friday delivered documents to the Ministry of Industry and Trade (MoIT) regarding the management of 877 formula milk products for children less than six years old. The Domestic Market Department under the MoIT will be responsible for managing the prices of these products.

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Finance Ministry lowers ‘.vn’ domain prices

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Báo Đầu Tư English 4 month(s) ago

The Ministry of Finance (MOF) has lowered the fee for registering and using the national domain name ‘.vn’ in order to become more competitive with international domain name ‘.com’.

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Tax reform and transfer pricing

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Báo Đầu Tư English 4 month(s) ago

The year 2016 marked a major watershed regarding transfer pricing in Vietnam, with regulations now having been in effect for a decade, and the announcement of a new round of tax reforms by the Ministry of Finance (MoF) introducing regulatory changes to tackle base erosion profit shifting practices.

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Euro Auto Corporation accused of violations in importing of BMWs

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Báo Dân Trí English 5 month(s) ago

The Ministry of Finance (MOF) has asked to temporarily stop customs clearance for BMW auto shipments imported into Vietnam except in cases of diplomatic immunity.

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MoF’s new TP law to curtail tax loss

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Báo Đầu Tư English 5 month(s) ago

Under pressure for more stringent control requirements to combat transfer pricing and loss of tax revenue, the Ministry of Finance completed the draft Transfer Pricing Decree and is now in the stage of collecting comments from the public. VIR’s Thanh Xuan talked with Tu Ha, Vietnam director at transfer pricing advisory firm Quantera Global, on significant developments and guidance for business compliance.

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State rebuffs MoF tax cuts

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Báo Đầu Tư English 6 month(s) ago

The government has requested the Ministry of Finance scale down the proposed tax incentives for businesses between 2017 and 2020.

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Foreign insurers found violating multiple Vietnamese regulations

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Báo Đầu Tư English 7 month(s) ago

Five foreign insurance companies providing life and non-life insurance as well as insurance broking have been discovered to be committing a set of violations.

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State agencies may release financials from 2018

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Báo Dân Trí English 7 month(s) ago

The Ministry of Finance (MoF) is publicly seeking opinions in regard to a draft government decree requiring the ministry and local governments publicize State financial reports from 2018.

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Government to divest from Vinamilk in 2016

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Báo Đầu Tư English 7 month(s) ago

Government to divest from Vinamilk in 2016

The government will divest its 45.1 per cent stake in Vietnam Dairy Products JSC (Vinamilk) in 2016.

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Local equitisation, divestment fall short of target: MoF

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Báo Dân Trí English 8 month(s) ago

Local equitisation, divestment fall short of target: MoF

The State has received VNĐ5.8 trillion (US$256.5 million) from the divestment of State capital in local enterprises in the first eight months of this year, it was announced by the Department of Corporate Finance under the Ministry of Finance (MoF).

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MOF proposes tax reduction to rescue SMEs

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Báo Dân Trí English 8 month(s) ago

MOF proposes tax reduction to rescue SMEs

The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).

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State budget revenue reaches VND 584 trillion in seven months

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Báo điện tử CP English 9 month(s) ago

VGP – State budget revenue in the first seven months reached about VND 584 trillion, equal to 57.5% of the forecast, according to a recent report released by the Ministry of Finance (MoF) on August 10.

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Taxes on SMEs to come down to 17%

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Báo Dân Trí English 9 month(s) ago

Taxes on SMEs to come down to 17%

Corporate income tax rates for small and medium-sized enterprises (SMEs) will fall to 17 per cent from the current 20 per cent under a draft plan from Ministry of Finance (MoF) aimed at easing difficulties facing enterprises.

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