A bird’s eye view of the Ha Do Centrosa Garden urban area project in District 10, Ho Chi Minh City. Photo: Tu Trung / Tuoi Tre Even with the crackdown, authorities still face an uphill battle in terms of taxing the transfer of townhouses, where detecting tax evasion is a significantly more challenging task. … [Read more...] about Vietnam’s property sellers save big tax bucks with illegal ‘two-price’ practice
Status of income tax refund
Coca Cola forced to pay tax arrears, taxation agencies urged to find more violators
Of this, tax arrears are VND471 billion, including VND360 billion worth of corporate income tax, VND60 billion worth of VAT and VND52 billion worth foreign contractors’ withholding tax. A loss of VND762 billion has not been accepted by the taxation agency. … [Read more...] about Coca Cola forced to pay tax arrears, taxation agencies urged to find more violators
To catch the tax dodger
Thanh Nien mentions two cases involving the transfer of stakes in Metro Cash & Carry Vietnam and Big C. In the first case, the owner of Metro Cash & Carry Vietnam was forced to pay more than VND4,000 billion, while in the second case, French-based Casino had to pay over VND2,000 billion for the BigC deal. The news site Cafef.vn also recalls several other similar cases, including a fine of VND182 billion slapped on Honda Vietnam and VND95.2 billion related to Keangnam-Vina for wrongful transactions. … [Read more...] about To catch the tax dodger
CPA Australia Survey: Tax Reform And Technology Adoption To Bolster China’s Stable Economic Growth In 2020
BEIJING, CHINA - Media OutReach - 17 January 2020 - Bolstered by the adoption of emerging technologies and the government's tax and financial sector reforms, most accounting and finance professionals expect China's economy to maintain a stable growth rate of above 5.5 per cent in 2020. In addition, three-quarters expect their company's profit will remain the same or increase, according to the China Economic and Business Sentiment Survey 2020 conducted by CPA Australia, one of the world's largest accounting bodies. … [Read more...] about CPA Australia Survey: Tax Reform And Technology Adoption To Bolster China’s Stable Economic Growth In 2020
Working groups thrash out solutions for economic growth
I think Vietnam’s legal system is quite decent but there are numerous overlapping laws and conflicts, and sometimes there are gaps where foreign investors, especially new ones, face difficulties in completing procedures to start their business and investment in Vietnam. … [Read more...] about Working groups thrash out solutions for economic growth
