Used Grab and Uber helmets are seen at a used-helmet shop in Jakarta, Indonesia, April 2, 2018. Photo by Reuters/Beawiharta Ride-hailing firm Grab Vietnam on Thursday said it would not be paying any back taxes rival Uber might still owe in Vietnam despite its deal to acquire the latter's operations in Southeast Asia. "This matter is Uber's responsibility. Grab did not buy Uber's legal status in Vietnam, which is the unit bearing all legal responsibilities for settling tax-related issues with the tax department," a Grab representative told VnExpress, adding that all questions related to the issue should instead be sent to Uber. An official from Ho Chi Minh City's tax department said that the department is still waiting for Grab to submit an official report on the acquisition deal before deciding on how to handle the issue. Commenting on Grab's announcement, lawyer Doan Van Hau, chairman of the Vietnam Lawyers' Commercial Arbitration Center, said Grab's refusal is in violation of … [Read more...] about Grab says it will not pay any back taxes owed by Uber in Vietnam
Penalties for not paying taxes
VietNamNet Bridge - More countries want to collect taxes from multinational technology groups like Google and Facebook, but the problem they face is how to do it. The global and local media has reported that the Indonesian government decided to collect tax arrears for the past 5 years from Google, estimated at over $400 million for 2015 alone. Indonesia is the first Southeast Asian nation that will collect tax arrears from Google. Earlier this year, Google's head office in Paris was inspected by the local government, with the request of paying $1.76 billion in tax arrears. In 2013, the UK accused Google of tax evasion. In recent years, the question whether Google and Facebook has dodged or evaded taxes and how to collect taxes from these groups has been repeatedly raised. In Vietnam, advertising on Google and Facebook is done via two methods: through agents and online transactions. For the first method, only a few firms have registered and paid taxes for the services. For the … [Read more...] about Google faces tax penalties in Indonesia – does it pay tax in Vietnam?
Cold rolled steel at a foreign company. Photo courtesy of Thoi bao Kinh Te Saigon Online Vietnam is considering anti-dumping duties on stainless steel imports following a demand from the local industry despite vehement protests from users. The Vietnam Competition Authority has ruled that mainland China, Malaysia, Indonesia, and Taiwan dump stainless steel, and called on the trade ministry to impose taxes of 6.45 to 30.73 percent on their products for 120 days, Thoi bao Kinh te Saigon Online reported Wednesday. Hanoi-based Inox Hoa Binh and South Korea's Posco VST, which hold an 80 percent share of the stainless steel market, in June demanded a 20-40 percent anti-dumping tax on stainless steel imports that cost up to 25 percent less than local products. It was the first case of its kind since the country enacted relevant regulations in 2004 though Vietnamese companies have often been sued for dumping by other countries. Vietnam imposes up to 10 percent tax on stainless … [Read more...] about Users unhappy with Vietnam plan for anti-dumping taxes on stainless steel imports
Ho Chi Minh City was ready to collect a million-dollar sum for what it believes is tax evasion from Uber, but the ride-hailing company has asked the court to suspend the action. A source from HCMC’s Tax Department said it had received an emergency notice from the city’s court on Friday that the collection of money be put on hold. “We have to wait for the final verdict from the court to see if we can collect the money or not,” the official said. The department earlier asked five commercial banks to help collect more than VND53 billion ($2.34 million) of what it believed was back taxes from Uber between January 1 and 10. In September, the department ordered Uber to pay VND66.7 billion of back taxes and tax evasion penalties by December 23. But the company has only paid VND13.3 billion. It has complained to Vietnam’s Ministry of Finance that it is not subject to paying taxes according to Vietnam’s agreement on double taxation avoidance with the … [Read more...] about Uber files lawsuit against HCMC’s $2.3 mln tax demand
Vietnam’s tax authorities have chosen what they believe is the most convenient method for them to collect taxes on multimillion-dollar revenues from global Internet giants, but, it turns out, they have not done much besides digging themselves into a hole.Tech behemoths such as Google, Facebook, and Booking.com are raking in whopping revenues from their Vietnam operations and are able to freely channel their earnings out of the country without paying taxes.There is a Vietnamese saying that describes a situation whereby a man releases a hen into his garden, hoping she attracts other roosters so he can catch all at once.However, the hen eventually runs away and the man has to work even harder just to find her. In the end, the man’s idea to release the hen as a means of making life easier only caused him to struggle – quite similar to what the Vietnamese taxman has done with Internet giants.Hefty turnover from VietnamNo official statistics are available as to how … [Read more...] about Vietnam taxman has self to blame for failure to have Facebook, Google pay taxes Info Alert Alert Chia sẻ bài viết qua e-mail