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Foreign investment fares poorest in steel: report

Foreign investment fares poorest in steel: report

Steel manufacturers were some of the worst performing foreign invested enterprises in 2019, a new finance ministry report says.
New Grab policy cuts drivers’ income, hikes user fees

New Grab policy cuts drivers’ income, hikes user fees

Although Grab leaders have claimed they are “on the same boat” as their drivers, the recent increase in fares and commission have reduced drivers’ income while users pay more.
December 15, 2020 | 04:22 pm GMT+7
Gojek Vietnam raises fares after tax regime change

Gojek Vietnam raises fares after tax regime change

Ride-hailing company Gojek has raised fares by 8.3-10 percent following the recent revamp of the value-added tax regime, which requires it to pay more.
December 12, 2020 | 05:00 pm GMT+7
GrabBike riders strike over increased commission rate

GrabBike riders strike over increased commission rate

Hundreds of GrabBike riders on Monday turned off their app and gathered at the company’s office to protest its increased commission rate after the government raised tax.
December 07, 2020 | 04:28 pm GMT+7
Vietnam rationalizes tax regime for ride-hailing companies, to treat them as transporters

Vietnam rationalizes tax regime for ride-hailing companies, to treat them as transporters

Vietnam has imposed a 10-percent value-added tax for each trip by a ride-hailing company vehicle as it seeks to create a level playing field for traditional taxi firms.
December 07, 2020 | 12:02 pm GMT+7
Vietnam allows taxman greater scrutiny of bank accounts

Vietnam allows taxman greater scrutiny of bank accounts

A decree requiring banks to provide tax authorities with details of customers’ transactions is set to take effect from December 5.
November 23, 2020 | 05:30 pm GMT+7
Lowering taxes to attract FDI is a ‘race to the bottom’: experts

Lowering taxes to attract FDI is a ‘race to the bottom’: experts

Competing for foreign investment with tax incentives will end up hitting governments’ revenues and be a lose-lose situation for all ASEAN members, experts warn.
November 16, 2020 | 08:07 am GMT+7
Tax evasion remains rife among online sellers

Tax evasion remains rife among online sellers

Many people earning huge incomes from online commercial activities do not pay tax until discovered by tax authorities.
November 05, 2020 | 01:30 pm GMT+7
No plans for office, servers in Vietnam at this time: Netflix

No plans for office, servers in Vietnam at this time: Netflix

Netflix does not have plans to open a representative office or place servers in Vietnam, but said it is working with authorities to meet tax obligations.
October 24, 2020 | 02:30 pm GMT+7
Vietnam to tax Netflix’s local revenues

Vietnam to tax Netflix’s local revenues

The General Department of Taxation has asked streaming giant Netflix to furnish details about its revenues in Vietnam since its entry in 2016 to assess its taxes.
October 21, 2020 | 01:00 pm GMT+7
Vietnam mulls increasing Covid-19 tax deferral package for businesses

Vietnam mulls increasing Covid-19 tax deferral package for businesses

The Finance Ministry has proposed deferring VND180 trillion ($7.6 billion) worth of taxes and land rents for entities affected by the Covid-19 epidemic.
April 04, 2020 | 03:43 pm GMT+7
Vietnam's proposed increase in minimum taxable income ‘thoughtless’

Vietnam's proposed increase in minimum taxable income ‘thoughtless’

The Finance Ministry's proposed threshold of VND11 million ($475) per month as minimum monthly taxable income is ‘thoughtless and outdated,’ experts say.
March 03, 2020 | 08:08 pm GMT+7
Heineken refutes Vietnam taxman

Heineken refutes Vietnam taxman

Heineken Asia Pacific is claiming exemption from the VND917.2 billion ($39.7 million) it forked out to Vietnam tax authorities in recent deal.
January 15, 2020 | 06:12 pm GMT+7
Heineken Vietnam pays $39.7 mln in back taxes, fines

Heineken Vietnam pays $39.7 mln in back taxes, fines

Heineken Vietnam Brewery has paid VND917.2 billion ($39.7 million) in back taxes and fines for a 2018 transaction.
January 13, 2020 | 04:23 pm GMT+7
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