Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities? Income earned by foreigners from rendering services in Vietnam is taxed in Vietnam regardless of their residence status. However, the tax implications are different depending on various factors that are specified in this article to help the foreigners to comply with the tax regulations in Vietnam as well as mitigate the risks of additional tax, penalties and interests on late tax payment. Regulation on residence status in Vietnam According to the current tax regulation, an individual is regarded as a Vietnamese tax resident if: Being present in Vietnam for a period of 183 days or more within one western calendar year or 12 consecutive months from the date of first arrival in Vietnam; or Having a registered place of “permanent residence” in Vietnam; or Having a rented house (including hotels, guesthouses, motels, offices) with a lease term of 183 days or more in a tax year. In … [Read more...] about Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities?
What are the penalties for not paying taxes
The tax department in Ho Chi Minh City is still stuck at collecting tax from the Vietnamese branch of Uber International Services Holding B.V. based in the Netherlands after finding out that it has not registered for any bank accounts in Vietnam. A court in the city last month dismissed a lawsuit against the city’s tax department by Uber Vietnam after the ride-hailing firm asked the court to stop the department from charging it with a million-dollar sum of tax. The department earlier asked five local 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 of 2017. Instead, Uber Vietnam then filed a lawsuit against the department. The court said it dropped the lawsuit because Uber Vietnam “does not have the required legal status for such a case.” It was decided by the court that Uber Vietnam will have to transfer its income into the bank accounts of the tax department instead of … [Read more...] about Vietnam still struggles to make Uber pay back taxes
At the end of the year enterprises have a lot of works to do when it comes to finalising tax. They may also get ready for inspections by the taxman. On the sidelines of Deloitte Vietnam’s Tax Update Seminar on November 26 where Deloitte experts shared experiences in year-end tax finalisation and exposures from recent tax inspections, The Saigon Times Daily spoke with Phan Vu Hoang, Tax Partner of Deloitte Vietnam, over some tax issues that might be of enterprises’ interest. * What issues taxpayers should pay particular attention to in tax inspections and audits this year? In 2013, in line with the newly amended Law on Tax Administration (“LOTA”) effective from July 2013, tax authorities have strengthened tax audit and tax inspection activities. One notable issue in the amended LOTA is that tax authorities will manage taxpayers through frequent analysis of financial statements, assessment of compliance level, and consequently classification of risk level with … [Read more...] about Bản in : Tax inspections getting tougher
Editor’s note: Dr. Terry F. Buss, a fellow at the National Academy of Public Administration, discusses some possible solutions to end nepotism, favoritism and cronyism Vietnam could learn from the U.S. and other countries, in this piece written exclusively for Tuoi Tre News. Editor’s note: Dr. Terry F. Buss, a fellow at the National Academy of Public Administration, discusses some possible solutions to end nepotism, favoritism and cronyism Vietnam could learn from the U.S. and other countries, in this piece written exclusively for Tuoi Tre News. Nepotism, favoritism and cronyism are detrimental to good governance. These lead to poor performance, inefficiency, ineffectiveness, and corruption, while widely spawning low morale and resentment across government. So, governments that tolerate or encourage this deliver poor services, make bad decisions, increase taxes unnecessarily and benefit a few civil servants over others who are hard-working but excluded. No one knows the … [Read more...] about What Vietnam can learn from other countries in fighting nepotism
MILAN, Jan 28 -- Italy believes Google evaded 227 million euros ($247.5 million) in taxes between 2009 and 2013 and could hit the U.S. Internet giant with hefty punitive fines, investigative sources said on Thursday. The report by Italian finance police was due to be handed to Google later in the day and comes amid an increasingly angry debate across Europe over taxation of multinationals who park earnings in low-tax nations. Asked about the Italian report, a Google spokesperson said: "Google complies with the tax laws in every country where we operate. We are continuing to work with the relevant authorities." Finance police suspect that over a five-year period, Google failed to declare some 100 million euros of revenues in Italy which would have fallen into a 27 percent corporate tax bracket. In addition, some 600 million euros of royalties should have been revealed to the tax authorities and would have faced a tax demand for some 200 million euros. A source said there was … [Read more...] about Italian tax police believe Google evaded 227 million euros in taxes: sources