tax
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Vietnam PM and President Trump Commit to Billions in Trade Deal
The Prime Minister of Vietnam and a 100-member delegation of Vietnamese diplomats and businessmen received a warm welcome from President Donald Trump in Washington D.C. on May 31, 2017. The meeting took place at the White House with the focus on strengthening relations, beginning with a billion dollar trade partnership between the two countries. “Prime
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Stock Market and Banking Liquidity in 2017
Ha My Tran – Ext: 1309 Many investors have become concerned with the banking system liquidity this year. The apparent reason is that the domestic monetary flow was on an upward trend during 2016, thanks to the SBV’s strong easing monetary policies; this has resulted in a strong boost for the market. Will this story
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The World’s First-Ever Vietnam Tax Infographic
August 29, 2016 We present the world’s first infographic on Vietnamese tax rates. It was created by Grant Thornton chairman and our long-time contributor Kenneth Atkinson specifically for VietnamAdvisors. Nowhere else will you find a breakdown this comprehensive.
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Invest in Vietnam: Automobile Market May Diverge Due to Tax Adjustment
June 14, 2016 Looking back at the first 4M2016, sale volume remain uptrend but unable to achieve impressive growth rate as last year. Particularly, for 4M2016, total sale volume reached 85,410 cars (+10% y-o-y); while 2014 and 2015 reached 28% and 37% respectively.
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Bubbling Saigon Beer
June 09, 2016 Sabeco AGM set conservative targets for FY2016 with net sales of VND28,558 billion, up 3% y/y and pretax profit of VND4,471 billion, unchanged y/y. Rising special consumption tax is a drag here.
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Taxation in Vietnam – Value Added TAX (VAT)
May 30, 2016 VAT is an indirect tax, the cost of which ultimately falls on the consumer. The majority of transactions involving the supply of goods, the provision of services and imports will be subject to this tax.
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Vietnam Taxation Primer: Corporate Income Tax
May 16, 2016 Tax administration is controlled by the General Department of Taxation, which operates under the Ministry of Finance. Tax affairs may also be handled by local provincial Tax Departments.
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Dien Quang JSC Led by LED Sales Looks to Have a Bright Future
March 15, 2016 DQC FY2015 results fell on weak exports as having sold off cheap inventories in 2014 and then switched to LED products. Even as domestic sales jumped 20% led by LED products. Following a major marketing campaign early in the 2-H FY2015.
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Exclusive Interview: Uber Vietnam
January 22, 2016. VietnamAdvisors Exclusive Interview with Douglas Ma, International Expansion at Uber Technologies Uber Ho Chi Minh City Uber Hanoi VietnamAdvisors talks exclusively with Douglas Ma, who is in charge of International Expansion at Uber Technologies. Doug is excited to share his thoughts on how Uber Vietnam is growing rapidly, with convenience for riders and plenty
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Tax Issues – Transfer Pricing
October 14, 2015 On 1 September 2015, the General Department of Taxation (“GDT”) has issued decisions on the official establishment of Transfer Pricing Inspection Department at both the GDT and 4 provincial tax departments level, including: Ha Noi; Ho Chi Minh; Binh Duong and Dong Nai. The main functions and tasks of the Transfer Pricing
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Regulations on settlement of complaints to tax authorities (ENG)
August 19, 2015 Complaint Settlement Some circumstances of complaints that shall not be accepted for settlement: Administrative Decisions, Administrative Acts within the scope of the State secrets in relation to defense, security and diplomacy according to the list stipulated by the Government; Administrative Decisions, Administrative Acts being complaintnot directly related to the rights, legitimate benefits
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Enterprise Transfer Pricing
October 14, 2015 The main functions and tasks of the Transfer Pricing Inspection Department at 4 provincial tax department: Ha Noi; Ho Chi Minh; Binh Duong; Dong Nai are as follows: Setting up the Transfer Pricing inspection programs and plans on annual basis; Receiving the requests and dossiers requiring the inspection on Transfer Pricing forwarded
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Enterprise Registration Guidelines
October 14, 2015 On 14 September 2015, the Government has issued Decree No. 78/2015/ND-CP on Enterprise Registration. This Decree shall come into effect from 1 November 2015 and replace Decree No. 43/2010/ND-CP, Decree No. 05/2013/ND-CP. There follows a brief summary of some of the key points: Business activities: When registering a business establishment, notifying the
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Administrative Decisions of Tax Authorities
August 19, 2015 On 20 April 2015, the General Department of Taxation has issued Decision No. 742/QD-TCT replacing Decision No. 1720/QD-TCT dated 8 October 2014 on provision of the mechanism for settlement of complaints of the tax authorities of all levels. Scope of adjustment: This mechanism stipulates and systemizes a number of regulations on receiving
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