At the recent semi-annual meeting of the taxation sector, Tran Ngoc Tam, Head of the Taxation Department of Ho Chi Minh City admitted that they are coping with difficulties in Uber's tax collection as the company had sold all of its business operation in Vietnam to Grab.
The linkages between domestic and foreign direct investment (FDI) business have not been as good as expected, even weaker than Laos and Cambodia, resulting in a low development of supporting industries and technology transfer.
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.
The reform process of the tax policies related to real estate has recently encountered with adverse reactions from the public opinion as it is expected to create the barriers for businesses in this area.
New ride-hailing apps such as Uber and Grab are coming under criticism from traditional taxi companies in Vietnam, who claim that tax policies give them preferential treatment.
"An economy with low real estate prices will guarantee sustainable economic development,” said Prof. Dang Hung Vo, former Deputy Minister of Natural Resources and Environment.
Tax Department of Ho Chi Minh City has decided to adopt practical measures to collect taxes from online retailers on Facebook.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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