The tax department of Ho Chi Minh City has given Uber an ultimatum to pay VND66.68 billion (US$2.95 million) in back taxes in the next ten days after the company has failed to comply with earlier requests. Netherlands-based Uber B.V., which oversees the ride-hailing app’s operations in Vietnam, was first requested to pay the sum in September after the municipal taxman completed an inspection into the company’s operations in the southern hub. The unpaid taxes include VND10.3 billion ($453,744) worth of wrongly declared taxes, nearly VND51.48 billion ($2.27 million) worth of tax arrears and a fine of more than VND4.9 billion ($215,859) for late payment. However, Uber has completely ignored the requests and failed to pay any part of the demanded back taxes. The company later filed a petition against the tax claim to Vietnam’s Ministry of Finance, claiming it had fulfilled its tax duties in the Netherlands in accordance with a treaty against … [Read more...] about Ho Chi Minh City gives Uber 10 day ultimatum to pay back taxes Info Alert Alert Chia sẻ bài viết qua e-mail
Paying late taxes
Ho Chi Minh City gives Uber 10 day ultimatum to pay back taxes
The tax department of Ho Chi Minh City has given Uber an ultimatum to pay VND66.68 billion (US$2.95 million) in back taxes in the next ten days after the company has failed to comply with earlier requests. Netherlands-based Uber B.V., which oversees the ride-hailing app’s operations in Vietnam, was first requested to pay the sum in September after the municipal taxman completed an inspection into the company’s operations in the southern hub. The unpaid taxes include VND10.3 billion ($453,744) worth of wrongly declared taxes, nearly VND51.48 billion ($2.27 million) worth of tax arrears and a fine of more than VND4.9 billion ($215,859) for late payment. However, Uber has completely ignored the requests and failed to pay any part of the demanded back taxes. The company later filed a petition against the tax claim to Vietnam’s Ministry of Finance, claiming it had fulfilled its tax duties in the Netherlands in accordance with a treaty against … [Read more...] about Ho Chi Minh City gives Uber 10 day ultimatum to pay back taxes
Vietnamese official fined over $24k for villa construction violations, late tax payment
An official has been fined over US$24,000 for violations in the construction of his villa complex in northern Vietnam and failure to pay tax on time. The People’s Committee in Yen Bai Province on Saturday submitted a document to the prime minister and government inspectorate to report on a decision regarding the villa complex of Pham Sy Quy, former director of the province’s Department of Natural Resources and Environment.Quy was fined VND507 million ($22,336) for multiple offenses, including going against the building permit and carrying out some constructions without formal permission from competent agencies, Ta Van Long, vice-chairman of the Yen Bai administration, told Tuoi Tre (Youth) newspaper.He was also required to pay an additional VND50 million ($2,202) for late tax payment, Long added.Quy is, however, allowed to keep the status quo of his imposing residence, the vice-chairman noted.“In order to reach the decision, the administration had consulted the … [Read more...] about Vietnamese official fined over $24k for villa construction violations, late tax payment
Dairy firms may not pay extra taxes for AMF imports
In a document recently sent to the Prime Minister, the ministry admitted the plan to collect the additional value-added and import taxes from importers, producers and traders of AMF is groundless.The ministry sent the Prime Minister the document after the dairy firms had submitted a petition to the Government leader and the Minister of Finance in late November to oppose the customs decision to tax AMF imports at 15% and collecting an extra VND700 billion from them in the 2010-2015 period.According to the dairy firms, AMF and Anhydrous Butterfat (ABF) are actually similar and subject to the same import duty of 5%. They have many times worked with the General Department of Customs, which agreed the 5% rate.The Ministry of Finance has reported to the Government, proposing the 5% tariff for AMF imports.The ministry said it had consulted the ministries of industry-trade and health, looked into the case and found the basic ingredients of the two products were identical. The two products are … [Read more...] about Dairy firms may not pay extra taxes for AMF imports
Binh Minh Plastics to pay back taxes
Speaking at tax dialogue with enterprises in Ho Chi Minh City, Deputy Minister of Finance Do Hoang Anh Tuan said the company would have to pay its tax arrears to begin with, then it could complain to Ho Chi Minh City Taxation Department if it did not agree with the results of the investigation. So far, 95 per cent of investigation on tax arrears collection has proved correct, with only 5 per cent subject to appeal, a move that has received complaints from enterprises, mainly related to administrative violations on late payment, he added. The Ho Chi Minh City Department of Taxation had recently asked the Binh Minh Plastics JSC to pay tax arrears of up to VND117.11 billion ($5.57 million), including VND74.98 billion ($3.57 million) in tax arrears and VND42.13 billion ($2 million) in fines for administrative violations, according to the local tax authority's investigation result in October 9 for the 2009-2012 period. Nguyen Thi Kim Yen, deputy general director of the company, complained … [Read more...] about Binh Minh Plastics to pay back taxes
New guidelines on tax policies
The amendments made to the Law targets to resolve difficulties and spur production, especially for agro and fishery products; restrict exportation of minerals and raw materials; and encourage the processing of goods with comparative contents. The adjustments of special consumption tax imposed on auxiliary products aim to support enterprises to improve competitiveness in response to extensive economic integration. In addition, the new law also targets to facilitate taxpayers' access to simple and transparent payment; speed up the administrative reform; modernize tax management in conformity with the innovative trend in the tax system. New regulations on VAT refunds It supplements a regulation saying services for the elderly are exempt from value added tax. The move targets to enable domestic and foreign investors to take care of old and vulnerable people in society. VAT refunds will no longer be allowed where taxpayers have … [Read more...] about New guidelines on tax policies
Workers fail to lodge tax returns
More than 80 per cent of taxpayers in Ha Noi are yet to settle their tax bill with only a few days until the deadline.— Photo thebusiness HA NOI (VNS)— More than 80 per cent of taxpayers in Ha Noi are yet to settle their tax bill with only a few days until the deadline.According to Nguyen Thi Hai Yen, from the municipal Tax Department's Communication Support Office, only 23,000 of 117,000 individuals and businesses in Ha Noi had filed their tax forms."Nearly 94,000 tax forms are yet to be completed. The workload will be heavy in the coming days," said Yen, noting the March 31 deadline. Yen said taxpayers had developed a habit of paying their taxes after the deadline, noting that the situation had not improved despite an active campaign by tax authorities to buck the trend. The delay caused by late payments has placed a heavy burden on tax officials and created long queues for taxpayers.Yen also said the tax authorities would take a tougher stance on late payments … [Read more...] about Workers fail to lodge tax returns
Vinacomin clarifies tax confusion
HA NOI (Biz hub) — The Viet Nam National Coal-Mineral Industries Holding Corp (Vinacomin) has clarified a statement on the export of aluminum oxide (alumina). It has said that a zero tariff would apply, but that it did not extend to the export of aluminum ore, for which tariffs of 15-40 per cent were applicable. The comment followed opinions arising after the two bauxite projects, Tan Rai and Nhan Co plants in the Central Highlands, were reported to be efficient at conference late last week, Viet Nam Economic Times reported. The opinion was that the economic efficiency was due to the group enjoyed zero preferential tax in the export of aluminum ore. This caused misunderstanding, Vinacomin said. Under Resolution 710/2008/UBTVQH12, the tariffs of 15-40 per cent were applied for iron ore and aluminum ore, not for alumina. According to Vinacomin, alumina with code 2818.20.00 attracted zero export tax. Big alumina exporting countries, such as Brazil, India and Australia, applied … [Read more...] about Vinacomin clarifies tax confusion
Ha Noi tax department uses IT to prevent tax losses
A strong focus on the application of information technology has helped the Ha Noi Tax Department increase its risk analysis capacity and improve the tax examination and inspection procedure.This was stated by Nguyen The Manh, head of the Ha Noi Tax Department.According to Manh, since the beginning of this year, the Ha Noi Tax Department has sent over 1,300,000 notices to firms informing them of late tax filing. The department has collected a total of VND7.1 billion in tax arrears, down 9 per cent compared with late December 2016.During the first seven months of this year, the Ha Noi Taxation Department carried out inspections of over 11,400 firms, completing 62.8 per cent of the yearly plan, up 98.6 per cent over the same period last year.The department also announced there were some 13,400 Facebook account holders conducting trading activities through this social network, adding that the agency had drawn up a tax administration project for e-commerce businesses in the city.The tax … [Read more...] about Ha Noi tax department uses IT to prevent tax losses
Firms get right to defer tax payments
HA NOI (Biz Hub)— Enterprises would be allowed to pay their tax debts by installments from the beginning of next month, under a new proviso intended to assist firms in weathering the economic storm.The concession is set to be added to the amended law of tax management, due to come into force on July 1.Under the caveat, deferred tax debts must be paid off within 12 months. Enterprises would then have to pay late payment fines at 0.05 per cent of the debt per day.Enterprises must obtain a guarantee from credit institutions to qualify for the deferred payment. Under the guarantee, credit institutions must confer with tax agencies about the ability of firms to pay the taxes and fines for late payment in case enterprises do not fulfil their obligations.If enterprises failed to pay tax debts according to the registered schedule, after five days of the deadline passing, guarantee institutions would be responsible for paying enterprises' tax debts and fines for late payment.However, at a … [Read more...] about Firms get right to defer tax payments