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Official Gazette

Monday, February 19, 2018
Tags: Law on Corporate Income Tax
New corporate income tax law aims to halt tax evasion New corporate income tax law aims to halt tax evasion
In the latest draft of Law on Corporate Income Tax, the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
Finance authority to tighten taxation of casino business Finance authority to tighten taxation of casino business
Every casino is required to arrange a place with necessary devices like a surveillance camera system to help tax agencies supervise the casino’s operations.
Four tax laws to be amended Four tax laws to be amended
An official from the Ministry of Finance has said that his ministry was collecting opinions to revise four tax laws with the aim of facilitating the economic restructuring and formulating more reasonable incentive policies.
Businesses rate good and bad regulations Businesses rate good and bad regulations
A list of 114 good regulations and 123 bad regulations was selected among 9,297 nominations sent in by people and organizations from many state agencies, associations and the business community in response to the rating of regulations concerning business activities first ever launched in Vietnam.
Cabinet members discuss revision of business laws Cabinet members discuss revision of business laws
The draft law on amendments and supplements of the laws concerning business and investment drew attention from cabinet members at the Government’s regular meeting in Hanoi on August 1.
Gains from Big C Vietnam transfer to Central Retail Corporation subject to corporate income tax: General Department of Taxation Gains from Big C Vietnam transfer to Central Retail Corporation subject to corporate income tax: General Department of Taxation
French Casino Group and Thai Central Retail Corporation are believed to have wrongly interpreted the Vietnamese domestic law on corporate income tax regarding the taxation of capital gains from the transfer of Big C Vietnam supermarket chain.
Foreign contractor tax in Vietnam Foreign contractor tax in Vietnam
Under Circular 103, a foreign contractor is a foreign entity or an individual that does business or generates income in Vietnam on the basis of an agreement between the foreign contractor and a Vietnamese party or between the foreign contractor and a foreign sub-contractor.
Can Tho city seeks investment to tap tourism potential Can Tho city seeks investment to tap tourism potential
Can Tho is the centrally run city of the Mekong River delta, encompassing an area of 1,401 square kilometers (roughly 3.49 percent of the region’s total area). Located on the southwestern bank of Hau river, the largest branch of the Mekong River, the city is 75 kilometers from the East Sea and 168 kilometers to the south of Ho Chi Minh City.
Brave new world:   Taxing e-commerce transactions in Vietnam  Brave new world: Taxing e-commerce transactions in Vietnam
Last year, Facebook and Google came under fire for allegation that their online advertising arms, while profiting in millions of US dollars from the Vietnamese market, had evaded tax obligations with the Vietnamese state[1]. The claim was after all unfounded[2] but it did raise some interesting questions about the state’s ability to tax in a new world where the internet plays an increasingly important role in promoting business while traditional brick-and-mortar model, i.e., physical shops and stores, are in many cases rendered redundant. [1] “Facebook’s, Google’s agents suspected of evading tax in Vietnam”, VietNamNet Bridge, 9 March 2012, retrievable at http://english.vietnamnet.vn/fms/business/19568/facebook-s--google-s-agents-suspected-of-evading-tax-in-vietnam.html [2] “Google and Facebook did not evade tax in Vietnam” [Vietnamese], ICT News, 10 April 2012, retrievable at http://www.ictnews.vn/home/Internet/77/Google-Facebook-khong-tron-thue-tai-Viet-Nam/101814/index.ict
Microfinance institutions to enjoy tax break Microfinance institutions to enjoy tax break

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