Government
Taxation
Vietnam plans to drop fines for some tax defaulters
The Ministry of Finance plans to forgo fines imposed on businesses which were behind their tax due date if their partners, including state agencies, had failed to pay them on time in accordance with contract terms. Keep reading ...
About 71% of businesses satisfied with Vietnam's tax procedures reform
The Vietnam Chamber of Commerce and Industry and General Department of Taxation, under the Ministry of Finance, revealed a report on the satisfaction of businesses with the tax administrative procedures reform in 2014 in Hanoi on 11 August. Keep reading ...
Vietnam’s name-and-shame corporate tax list enjoys success
Vietnam has found an effective way to crack down on tax laggards as it struggles to fund infrastructure projects and curb rising debt: make the names of the offending businesses public to shame them into paying up. The Ministry of Finance published a first-ever list of ...
Fuel tax delayed after pump protest
Provincial administration organisations (PAOs) in Thailand’s three southern border provinces have agreed to delay imposing a new local tax on fuel sales, which led to a brief protest by local pump stations 13 July. Motorists in Pattani, Yala and Narathiwat were left high and dry after most ...
Vietnam tax authorities come under fire for naming, shaming defaulters
Tax offices in Hanoi and Ho Chi Minh City have released lists of hundreds of businesses with huge overdue taxes in an effort to shame them into paying the money. They also threatened to block bank accounts or invalidate invoices of businesses that fail to ...
Exclusive: Myanmar drafts new foreign investment rules
Foreigners will no longer need a local partner to set up businesses in Myanmar and may be granted a five-year tax holiday from the start of commercial operations, according to the draft of a new investment law obtained by Reuters. Keep reading ...
