Government
Taxation
Review on further tax break
The Revenue Department may renew the 15,000-baht tax break on domestic tour packages and hotel accommodation that expired last month. The tax-collecting agency will also decide whether to extend the deduction for one year or two, director-general Prasong Poontaneat said. Keep reading ...
Vietnam tax authorities to get tough on Uber: report
More than a year after entering Vietnam and constantly facing authorities’ scrutiny and protests from taxi companies, US-headquartered cab-hailing service Uber is in the hot seat for failing to pay taxes. Speaking to Tuoi Tre newspaper on 9 January, a Ho Chi Minh City tax official ...
Cambodian PM touts exemption for land bequests
The Cambodian government has announced its intention to scrap a 4 per cent fee levied on the transfer of property when the transfer is being made as an inheritance. According to a letter signed by Prime Minister Hun Sen and posted on his Facebook page on ...
Finance ministry weighs in on controversial dairy back taxes of $30 million
Eight dairy importers and producers in Vietnam may be able to escape back taxesof VND700 billion (US$30.69 million) in a controversial case of import tariff calculations that even officials cannot see eye to eye on. The businesses, including Vinamilk and Dutch-owned FrieslandCampina, said they have imported an ...
Auditor proposes tax exemption review
The State Audit Organisation (SAO) has proposed that the Ministry of Finance’s Department of Customs review tax exemptions and provide detailed accounts of the implemented financial measures. The proposal was included in the audit report, as part of the final implementation report of the 2013-2014 state ...
Tax revenues grow state coffers by $1.3B
Revenue from tax collection jumped 25 per cent in 2015, government officials revealed on 22 December, saying the tax department has collected about $1.3 billion on the back of better compliance and awareness among the private sector. At a seminar in Phnom Penh, Kong Vibol, director ...
National Assembly stands firm on timber tax
Valuable woods are not subject to a resource tax decrease for fears it might unintentionally trigger worsening deforestation, voted the National Assembly’s Standing Committee (NASC) on 10 December. The debate on wood taxes was sparked as the NASC weighed in on the draft of the amended ...
Vietnam blocks exports by foreign gold miner over huge back taxes
Two major foreign-invested gold mining companies in the central province of Quang Nam will not be allowed to resume exports until they pay VND387 billion (US$16.93 million) in back taxes, a government spokesman confirmed at a press conference on 27 November. Nguyen Van Nen was responding ...
Vietnam PM wants $3 billion in unpaid taxes collected by year-end
Prime Minister Nguyen Tan Dung on 27 November ordered local governments and state agencies to collect VND70 trillion (US$3.06 billion) in back taxes by the end of the year amid budget concerns. The order came as the government is expected to fall short of its revenue target ...
Ho Chi Minh City businesses cry foul as tax refunds take unconscionably long
Deputy Minister of Finance Do Hoang Anh Tuan has instructed tax offices in Ho Chi Minh City to review businesses’ applications for tax refunds and resolve possible problems that have been delaying payments. He issued the order at a meeting on 5 November after many businesses complained ...
