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Vietnam's tax audits are reassessments: Foreign expert

Inspections and audits have become more confrontational and aggressive, giving rise to concern from foreign investors about the tactics and transparency, according to foreign observers.

Tax incentives can exacerbate risk of tax losses from transfer price of businesses in the SEZs: Oxfam

Vietnam National Assembly and the Government should carefully review tax incentives in future special economic zones to avoid budget losses and negative socio-economic impacts, according to Nguyen Thu Huong, senior manager of Oxfam.

Several enterprises face tax arrears and risks of devaluation during IPO due to maintaining two accounting systems

Two accounting systems results in a lack of transparency and it is also the shortest path leading to the devaluation of firm during future mergers and acquisitions (M&A) or initial public offering (IPO).

Dr. Ngo Tri Long: Both options on calculating personal income tax are unreasonable

According to economist Ngo Tri Long, both options on changing the calculation methods of personal income tax proposed by the Ministry of Finance (MoF) are irrational.

Grab Taxi’s accumulated losses reach US$41 million

Grab Taxi Co., Ltd (Grab Taxi)'s accumulated losses have reached VND398 billion (equivalent to US$41.36 million), 47 times higher than its charter capital, according to the General Department of Taxation (GDT).

VAT increase may hike up real estate prices impacting tremendously businesses

The proposal for the two-percent VAT increase from January 1st, 2019 of the Ministry of Finance (MoF) may lead to a rise in real estate prices, which tremendously affects the economy, businesses and the daily life of the people.

Vietnam's tax authorities to take closer look at foreign retailers

With tax avoidance among multi-nationals a growing global concern, Vietnam is keen to know what retailers are up to.

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