Officials of Thai Nguyen Province Department of Taxation provides consultancies to taxpayers. Tax collection to the State budget was estimated at VND99.5 trillion (US$4.4 billion) in January. — VNA/VNS Photo Hoang Hung Tax collection to the State budget was estimated at VND99.5 trillion (US$4.4 billion) in January, according to a report by the General Department of Taxation. This was equivalent to 9.3 per cent of the estimated budget collection for the full year. Budget collection from crude oil reached VND4.1 trillion, rising by nearly 50 per cent over the same period last year, as a result of the increase in the average oil price to $66 per barrel, which was $16 higher than the price in the estimate and $7.4 higher than the same period last year. Bui Van Nam, director of General Department of Taxation, said that to enhance tax collection, the department would carry out tax inspection of more than 89,200 enterprises, or 18.5 per cent of the existing firms, in 2018. Tax inspection helped collect VND506.9 billion in January. The General Department of Taxation has also asked local tax departments to hasten the collection of tax arrears this year. According to statistics provided by the Ministry of Finance, the total budget collection was estimated at VND114.2 trillion in January, representing a rise of 5.2 per cent over the same period last year, in which domestic tax collection accounted for some 84 per cent. In a recent report, the National Financial Supervisory Commission forecast that budget collection would… [Read full story]
HCM City Tax Authority Collects VND96,661 Bln in Six Months The Ho Chi Minh City Tax Department collected VND96,661 billion of taxes and fees to the State Budget in the first six months of 2016, fulfilling 49.37 per cent of the full-year plan and 9.53 per cent year on year. Domestic revenue, exclusive of crude oil, was VND89,614 billion, equal to 50.46 per cent of the estimate and up 20.03 per cent from a year earlier. Crude oil tax was VND6,930 billion, equal to 38.08 per cent of the estimate and down 44.33 per cent year on year. Domestic revenue,…... [read more]
An Uber driver. — Photo Thanh Hoa The Netherlands-based ride-hailing firm Uber International Services Holding B.V has filed a lawsuit against the HCM City tax department after it decided to forcibly collect tax, Nguoi Lao Dong (Labourer) newspaper reported. Earlier the department had sent a notice to Uber that it had to pay VND66.68 billion (US$2.94 million) in tax arrears by December 23, but the company only paid VND13.3 billion ($586,000). Uber B.V. filed a complaint with the General Department of Taxation and the Ministry of Finance (MoF) on the grounds that it had fulfilled its tax obligations under the…... [read more]
Earlier, the department had sent a notice to Uber that it had to pay VND66.68 billion (US$2.94 million) in tax arrears by December 23, but the company only paid VND13.3 billion (US$586,000). Uber B.V. filed a complaint with the General Department of Taxation and the Ministry of Finance (MoF) on the grounds that it had fulfilled its tax obligations under the Double Taxation Avoidance Agreement signed between Vietnam and the Netherlands. But the MoF said Uber B.V. is not entitled to tax exemption under the agreement since it generates its income in Vietnam through a network of local partner drivers. The…... [read more]
Netherlands-based Uber International Holding BV agreed to pay VND66.68 billion ($2.94 million) in tax arrears to local tax authorities, however, it will continue to complain about the charge and is even willing to take the Ho Chi Minh City Department of Taxation to court if necessary. Uber has agreed to pay its tax arrears but the case is not closed yet Le Thi Thu Huong, deputy director of the Ho Chi Minh City Department of Taxation told newswire Vneconomy that Uber announced paying the tax arrears within one week. The tax department’s opinion is clear that the tax arrears are…... [read more]
Le Thi Thu Huong, deputy director of the Ho Chi Minh City Department of Taxation told newswire Vneconomy that Uber announced paying the tax arrears within one week. The tax department’s opinion is clear that the tax arrears are compliant with regulations and Uber’s decision to take the Ho Chi Minh City Department of Taxation to court is well within its rights.Previously, after inspecting Uber’s tax records since it started operations in Vietnam in 2014 to June 2017, the Ho Chi Minh City Department of Taxation requested Uber BV to pay the tax arrears.Notably, Uber will have to pay VND10.5…... [read more]
