Tax reforms and evidence of transfer pricing

Regarding the tax policy applicable to these platforms, experts said the basis for tax calculation is according to Circular No. 103/2014/TT-BTC. Accordingly, owners of Steam and Netflix are considered foreign business organizations that do not have a permanent establishment in Vietnam, or have income generated in Vietnam. Therefore, these are subject to contractor tax, including specific taxes such as value added tax (VAT), corporate income (CIT), personal income tax (PIT) ... … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes

HCM City (VNS/VNA) - The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index. This month pork has been sold at the Hoc Mon wholesale market in Ho Chi Minh City for around 72,000 VND (3.17 USD) per kilogramme, 8,000 VND down from previous months, according to its management. Le Xuan Huy, deputy general director of the CP Livestock Joint Stock Company, said hog prices are down because of increased imports of both frozen pork and live pigs as well as lower demand. According to the Ministry of Agriculture and Rural Development, in the first seven months of this year Vietnam imported more than 93,248 tonnes of pork, mainly from Canada, Germany, Poland, Brazil, the US, Spain, and Russia, 223 percent up from the same period in 2019. The ministry licensed imports of pigs on the hoof from Thailand from mid-June. As of August 36 companies registered to quarantine more than 4.7 million … [Read more...] about Pork prices fall as Vietnam increases imports

General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe said RCEP integrates certain FTAs ASEAN had signed. Therefore, once put into place, the trade deal will allow businesses to use a common certificate of origin (CO) instead of the current single certificate for each market.  … [Read more...] about RCEP: local enterprises stepping firmly forward

When Twitter first labelled Trump’s false claims about election fraud with a warning for the first time on May 26, ,2020, this was not the first time that Twitter executives publicly expressed their views through political interference. The social media platform, as well as Facebook, has been used by various political groups to rally the public and spread its messages, from the Austrian student protests and the Gaza disputes in 2009 to G20 protests in Toronto and the Arab Spring in 2011. Here, however, the attitude displayed by Twitter with these examples is nowhere similar to what transpired with Trump recently, which resembled more of the 2019-2020 protests in Hong Kong – where the platform swiftly removed over 1,000 accounts perceived as being associated with Mainland China – or in June 2020 in Turkey – where over 7,000 accounts believed to be managed by Turkish authorities as a way to facilitate support for President Recep Erdogan were taken down. I will not … [Read more...] about Social media – a revolution to be feared

The student from Thanh Hoa province has quickly adapted to the new circumstances at the new school. Hieu said he is happy as he now can study medicine, a discipline that can help many people. HIeu told reporters that there have bern changes in his life as a university student. He has to live in an unfamiliar environment with no parents and has to be more independent. … [Read more...] about The student who carried friend to school offers a lesson in kindness