Challenges of collecting e-commerce tax losses
Digital transformation is an inevitable trend that changes the way goods and services are consumed and supplied, especially activities on digital platforms, making tax management more complicated.
Keyword: "tax management"
19 Result
Tax authorities to put retailers selling through livestreami🏅ng under scr♎utiny
The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections.
New credit regulation♐s on related-party transactions proposed
The Ministry of Finance (MoF) has proposed new regulations on determining related-party transactions between enterprises and credit institutions to fight against transfer pricing.
PM urges measures to remove obstacles to e-co🍸mmerce
Prime Minister Pham Minh Chinh has stressed the need to implement specific tasks in order to untangle knots in e-commerce development, according to the Government Office.
Pe🎐ople, enterprises kept at centre of digital transf♓ormation: PM
People and enterprises must be put at the centre of the digital transformation, and benefit from the achievements that the process has carved out, Prime Minister Pham Minh Chinh said on July 10.
Tax sector t🅷o t꧋ighten management for e-commerce activities
The rapid development of e-commerce in recent times has posed significant challenges to the tax management in Vietnam. The tax sector is coordinating with relevant ministries and branches to seek suitable solutions to development requirements and practices serving tax management and preventing tax loss.
30 foreign suppliers declare, pay tax via ♊portal
As many as 30 big foreign suppliers, including Microsoft, Facebook, Netflix; Samsung; TikTok; and eBay made tax declaration via the portal //Etaxvn.gdt.gov.vn and paid 22.2 million USD worth of tax, according to a report recently submitted by the Ministry of Finance to the National Assembly.
Land rent cut by 30 percent for those🐼 hit by pandemic
Prime Minister Pham Minh Chinh has decided to reduce land rent by 30 percent for those affected by the COVID-19 pandemic this year.
New decree to prevent ♔transfer pricing, lim🐼it thin capitalisation
The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.
🌸 Vietnamese, Polish ministrꦯies sign MoU on finance cooperation
The finance ministries of Vietnam and Poland have signed a memorandum of understanding (MoU) on cooperation in a range of fields between the two sides.
Ex🐭perts call for tightening control on e-commerce
According to the recently approved amended Law on Tax Management, companies that have not opened their representative offices in Vietnam such as Google, YouTube and Facebook are obliged to pay taxes.
NA d🌞eputies vote on three laws, d♎iscuss two bills
The National Assembly is scheduled to vote on three revised laws and discuss two law projects at the ongoing 7th session on June 13.
Tax collection up 12.3 percent in 2018
The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.
Plan to tax bus🍸iness households causes controversy
The General Department of Taxation’s plan of taxing business households with annual revenue from 100 million VND (4,300 USD) is causing controversy.
Hanoi targets 12.7 billion USD in exports
Hanoi has set a target of earning about 12.7 billion USD from exports in 2018, a rise of about 8 percent over the previous year.
Deputies question fina🐬nce minister, SBV governor
The question and answer session of the 14th National Assembly’s fourth sitting on November 16 was heated up with issues regarding tax, public debt and monetary policy management.
Hanoi’s tax revenu𓄧e up 18 percent in fir♊st half of 2017
Hanoi collected over 93.9 trillion VND (4.1 billion USD) in taxes during the first half of this year, completing 50.1 percent of its annual target and 18 percent higher compared with the same period in 2016.
Tax mismanagement cost the State budget
The Government Inspectorate of Vietnam has revealed that mismanagement in tax collection between 2012 and 2014 caused mounting arrears and losses of trillions of dong to the State exchequer.
New tax to be levied on auto imports
The Government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to a Prime Minister's new decree.